4 ms·
Back in the nineties Excite did a similar deal with Netscape. Not a billion dollars but it was something like $70 million when Excite only had a fraction of tha
by drumdance 10y ago
Back in the nineties Excite did a similar deal with Netscape. Not a billion dollars but it was something like $70 million when Excite only had a fraction of that in the bank.
It worked for them in the short term. The traffic enabled them to raise more money and eventually IPO.
Mayer probably thought a similar shoot-the-moon risk was necessary for Yahoo.