“Facebook Inc. (FB) investors who pushed the company’s shares to a record after it unveiled the $19 billion deal for WhatsApp Inc. would be well served to remember — every Internet takeover of more than $10 billion has flopped. Last week’s proposed purchase would be the biggest Web acquisition in more than a decade and only the fifth ever to top that threshold. That puts it in the same category as AOL’s merger with Time Warner and Terra Network SA’s takeover of Lycos, which later resulted in multibillion-dollar writedowns. The history of large Internet deals is littered with buyers who paid lofty valuations for targets only to see their value erased.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
New sanctions on Iran introduced to Congress
Navy wants drones stashed on the seafloor
Portuguese court orders rehiring of drunk ‘happy worker’ garbage collectors
Ponzi Pandemic: 500+ Schemes Totaling $50+ Billion in 'Madoff Era'
Spanish bank deposits turn into a waking Iberian nightmare
Obamacare Layoffs Begin In Health Care Services; Insurers, Hospitals Set To Profit
Guantanamo camp burns through $900,000 a year per inmate
Italy’s Credit Rating Cut to BBB by S&P; Outlook Stays Negative
Private prisons contribute thousands to Oklahoma political campaigns
Invasive starfish species threatens Philippines coral reef
Meltdowns Hobble NSA Data Center
Trump approves Pentagon warfighting authority expansion
San Diego mayor halts local marijuana shop crackdown
Britain on course for more economic stimulus
Spain considers automatic residency to foreign home buyers