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Blockbuster passing on the Netflix purchase... Yahoo! passing on Google...

• apathy 10y ago
  Alright, these are existential mistakes up there with Decca. I still chuckle when I think about Yahoo's total market cap being less than the value of their share in Alibaba. The market determined that Yahoo! had negative worth. Ouch!
  • bryanlarsen 10y ago
    AFAICT, that delta was because there was high probability that Yahoo would have to pay tax on the profits if it tried to sell Alibaba, not because the market determined that Yahoo! had negative worth.
    • apathy 10y ago
      Ooh, I did not realize that! Thanks for the clarification.
• sergiotapia 10y ago
  When Blockbuster passed on Netflix, Netflix was not what it is today. They were DVD's by mail. Arguably, who cares, right? If they were acquired Netflix wouldn't have become the treasure it is today.