In order to hit both of those targets, she’s taken a machete to the company, lopping off irrelevant, or underperforming divisions.
Regardless, if you step back and look at it, Bartz has sold, shut down, or plans to shut down over $4.8 billion worth of mergers and acquisition work from Yahoo’s lifetime.
The bulk of that comes from the $3.6 billion it paid for Geocities, though. Cross that out, and Yahoo has killed $1.2 billion worth of M&A.
Sounds bad, but it’s not like that $1.2 billion is for naught. It got some of the money back by selling these properties. Also, Yahoo probably got some value out of the acquisitions along the way.
Still, it’s crazy to stop and think about how much value has been incinerated, especially since Google and a number of other companies are on a M&A jag.
Yahoo sold Zimbra to VMWare for much less than $350 million, but we don't know the price.
MyBlogLog founder Eric Marcoullier was the one that leaked Yahoo's slide detailing what it plans to 'sunset' or 'merge' a number of properties. It hit home for him since MyBlogLog was in the 'sunset' division. Yahoo reportedly paid $10 million for the site.
Overture paid $140 million for AltaVista, then Yahoo bought Overture, now Yahoo is killing AltaVista
This is not like shutting down a division, but it is relevant to the theme of Yahoo becoming more focused. It outsourced search to Microsoft to save money.
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