15 Largest Internet Acquisitions Ever
6. Cisco Systems buys WebEx
Sale Price: $3.2 Billion
Year: 2007
WebEx was founded in 1996 under the name “ActiveTouch” by Subrah Iyar and Min Zhu. Specializing in online collaboration software for the enterprise market, WebEx received a juicy buyout from Cisco Systems in 2007. At a whopping $3.2 billion, the sale represented a bit of re-focusing for Cisco, known primarily for its offline products.
5. Yahoo buys Geo Cities
Sale Price: $3.6 Billion
Year: 1999
GeoCities was originally founded by David Bohnett and John Rezner in late 1994 as Beverly Hills Internet (BHI), and by 1999 GeoCities was the third-most visited Web site on the World Wide Web. In its original form, site users selected a "city" in which to place their Web pages.
On 28th January, 1999, internet search engine Yahoo! Inc. confirmed that it will buy GeoCities in a $3.6 billion deal that will further solidify Yahoo's position as a frontrunner in the online popularity contest.
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