Google built its own pay-per click service called AdWords back then, and is now the key reason for Google's rags to riches story. Yahoo being dimwitted or extra smart refused their offer because it wanted to develop its own platform. Yahoo acquired search engine Inktomi and ad revenue maker Overture in its mission to build the search engine that would topple Google.Google aka Alphabet is now one of the world's most valuable companies, with its worth nearing $500 billion. According to Semel, Yahoo founders Jerry Yang and David Filo suggested him to look at buying up-and-comer Google, whose Stanford grad founders were looking up for Yahoo's investment. Have you heard someone saying “Yahoo” it in any point of your life? In 2002, Brin and Page went to Yahoo once again, this time to raise funds worth $3 billion. Brin and Page’s PageRank took visitors away from the page once the results were displayed but Yahoo executives did not want users to leave their platform at all. In comparison, the latest deal reveals that Yahoo's core business was worth just $4.83 billion.However, Yahoo failed miserably in execution, and fell to its own demise. Then Yahoo Chief Terry Semel refused the offer as it looked to again build its own search engine to compete with Google. While Yahoo's absorption into Verizon's AOL Internet business is now the new reality, Semel and his board of directors must surely lament all the wrong and over-ambitious decisions they made in the past. After making several attempts to reinvent itself since it lost relevance, Yahoo has finally announced that it is selling most of its core services to US telecommunications giant Verizon.That is not all. So Semel had a dinner with Larry Page and Sergey Brin, asking them what their business was with Yahoo paying only $7 million annually as its biggest licensor of Google search technology.

This means that yahoo had never got an … The outcome of the negotiation was Semel balking at … Lara O’Reilly/Business Insider Alexis Ohanian, speaking at Web … Continued The post Google tried to buy Reddit in 2005 — but its founders didn’t want to become Googlers appeared first on Business Insider. Giving $3 billion to Brin and Page would have meant Yahoo getting a substantial pie of Google but Yahoo refused. And today while Yahoo is nowhere in the Internet landscape save its email and some other services, Google and its parent company, Alphabet are valued at nearly $500 billion.Yahoo was one of the companies that defined Internet. At that time both Page and Brin had just developed PageRank but wanted to focus on their studies at Stanford.

This time to raise funds for Google’s expansion. Terry Semel was pissed. In 2002, Brin and Page again approached Yahoo. The duo wanted to … In 2002, Yahoo had a second chance to buy Google. One such opportunity came to it on a platter in 1998 when Google’s Larry Page and Sergey Brin had approached Yahoo with an offer to sell their PageRank system for as little as $1 million. Google's desire to buy the company doesn't seem like a straightforward fit for the internet-search giant. This all in one technique worked well in 1990s but with time, Internet users demanded specialised websites for each feature and Yahoo fell to the wayside.The very Yahoo which was sold to Verizon for $4.83 billion was offered Google on the platter by its founders, Sergey Brin and Larry Page for a measly $1 million. It had directories that were designed to answer questions, view email, shop and even play games on its platform – something that seemed to work well for them at that time.Actually, I think, Intel did too. Yahoo was the king of search and mail in 1990s but failing to adapt to the new changes contributed to its downfall.You can call it an irony of sorts but Yahoo is responsible for its own demise. Yahoo acquired search engine Inktomi and ad revenue maker Overture in its mission to build the search engine that would topple Google.omg !! It all started with Yahoo being valued at $100 billion its heydays and ended with it being sold for just $4.83billion to Verizon while Google is giving its stakeholder the best value for money on Nasdaq.A few insiders know that Yahoo missed several big ticket opportunities to make it to the big league.

In 2002, Yahoo's CEO at the time, Terry Semel, engaged in negotiations to acquire Google, which lasted several months. But its 90-person team is chock full of people with strong science and food backgrounds. In 1998, Google's Larry Page and Sergey Brin had approached Yahoo, with an opportunity to buy its PageRank system for as little as $1 million. Yahoo at that time had other ideas.

However, then Yahoo Chief Terry Semel refused the offer as it looked to again build its own search engine to compete with Google. Google declined comment. Yahoo did not want users to leave their platform at all. PageRank algorithm was designed by Brin and Page that ranked websites in the order they are displayed in Google search results. And Google does have a world-class research team working on all sorts of moonshot projects, from self-driving cars to healthcare.

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