Recently, the number of acquisitions with massive amounts increased, especially those companies that have huge databases, the last of which was the application (Snapchat), whose organization rejected an offer from Facebook and Google, as the social network offered $ 3 billion to purchase the form, while Google raised The ceiling for $ 4 billion … but the app’s founder sees that he is waiting for the best!
This huge offer comes in much more significant than its predecessor in the past year, and that Facebook acquired the billion-dollar Instagram photo-sharing app.
Below is a list of eight companies that rejected huge acquisition offers, and were doomed to rejection
The first: Yahoo rejected $ 44.6 billion from Microsoft in 2008
This year, Google controlled the market very significantly, and Microsoft wanted to try to confront it, and so it wanted to buy Yahoo… But (Jerry Young), Yahoo’s co-founder, rejected the offer – because of its smallness in his view -.
Soon after, the company’s shares fell significantly, and (Jerry Young) was forced to leave the company!
The second: Groupon rejected $ 6 billion from Google in 2010
With the spread of Google, the world wanted to penetrate the local markets. Therefore I went to the famous and viral website at that time in North America, Latin America, and Europe, which was generating an annual income of one billion dollars .. And I offered to buy the company with 6 billion dollars, except that (Andrew Mason) The founder of the site rejected the offer because of the site’s enormous popularity.
In the same year, Mason was fired from the company’s management!
Third: Rovio turned down a billion dollars from Zynga in 2012
Evidently, if you have a Facebook account, the Happy Farm invitations bothered you.
At the time when you – like me – were enraged by the anger of these invitations, Zynga was generating a huge profit, and that made it contemplate including Rovio and its successful game (Angry Birds) for the company. However, Rovio refused to complete both of his successful way of issuing the most used games on social networks and mobile.
Fourth: Facebook rejected a billion dollars from Yahoo in 2006!
Facebook passed in its early days before the social media giant became offers to acquire, the first of which was when negotiations took place with MySpace founder (Chris DeLove) in 2005. Still, the deal was stalled as Zuckerberg insisted $ 750 million…
At the beginning of 2006, Viacom offered 750 million dollars. Still, Zuckerberg raised the approval cap to 2 billion dollars, so Yahoo came in the same year and offered a billion dollars to Zuckerberg, hoping that it would penetrate the youth segments that invaded Facebook from all over the world, but its offer was also rejected.
And last year, Facebook offered its shares on the stock exchange worth 104 billion dollars.
Fifth: Twitter rejected $ 500 million from Facebook in 2008
Perhaps a few know this information. The Facebook administration offered $ 500 million to Twitter in 2008 for acquisition, but Twitter declined for two reasons.
The first: The Facebook offer was only about buying the company’s shares, while Twitter wanted liquid money. It also saw that Facebook had underestimated the price of its shares at that time…
And the second: Twitter was pinning its hopes on a secret profit model it was planning to release in 2009
The deal stopped, and this is the good fortune of Twitter in any case … considering that only last month, Twitter put its shares for public subscription and valued the company at 24 billion dollars.
Six: Forskoyer rejected $ 200 million from Yahoo in 2010
Forward this year was attracting new users from all over the world with increasing speed .. And Yahoo’s offer was not the only acquisition offer. Still, also Facebook offered to (Dens Crowley) the founder of the application bought it, but he rejected the proposals and asked for a higher price.
After that, there were many applications to share the geographical location, and they were sold at prices lower than the Yahoo offer, and we do not know what will be the future of Forskwer!
Seventh: Friendster refused $ 30 million from Google 2003
Friendster was founded in 2002, and some claim that it was the first social network on the Internet, and Yahoo offered $ 30 million to buy it at the time, but many experts advised Friendster to reject the offer and wait for the strong launch of the site.
The site rejected the offer, but the entry of MySpace and Facebook into the competition arena ended the hopes of the site for success … and turned out to be an example of failed sites on the Internet level!
Eighth: Koike rejected $ 150 million from Google 2010
The video-sharing site is Koike, and after winning the Tech Crunch award in 2010, Google offered to buy it for 150 million dollars, but the company refused.
Unfortunately! After the descent of the Fine app, which seized the market, Yahoo came to buy the app at the beginning of this year for 50 million dollars only!