Internet deals that resulted in a whole mess o' money being thrown away.

[mandy]

Sometimes big acquisitions and deals work, sometimes they result in a whole mess o' money being thrown away...

Broadcast.com: Yahoo bought the company for $5.7 billion as a way to marry TV and the Internet in 1999. It eventually happened, but in 2005, not in 1999 when Yahoo bought the company. The assets were never fully exploited by Yahoo, but it turned Mark Cuban, a PC reseller from Indiana, into a billionaire celebrity.

Netscape: Remember when these guys were a software company? They came up with the browser and jump-started the whole Internet IPO thing. In 1998, AOL bought them and crafted a three-way alliance with Sun Microsystems. Sun gave AOL about $1 billion for the right to sell Netscape software. The Sun cooperation fell apart, and now Netscape hawks ISP services on B-grade cable channels.

The Globe.com: Remember these guys? Two students formed a Web company in their Cornell dorm. In 1998, they set a record for first-day gains on an IPO. By 2001, the company was on life support.

full article: http://news.com.com/Internet+deals+of+th...tml?tag=nl