M&A Deal Summary

Yahoo! Acquires GeoCities

On May 28, 1999, Yahoo! acquired internet software and services company GeoCities for 3.6B USD

Acquisition Highlights
  • This is Yahoo!’s 7th transaction in the Internet Software and Services sector.
  • This is Yahoo!’s 2nd largest (disclosed) transaction.
  • This is Yahoo!’s 11th transaction in the United States.
  • This is Yahoo!’s 3rd transaction in California.

M&A Deal Summary

Date 1999-05-28
Target GeoCities
Sector Internet Software and Services
Buyer(s) Yahoo!
Deal Type Add-on Acquisition
Deal Value 3.6B USD

Target

GeoCities

Marina del Rey, California, United States
GeoCities is a fast-growing web site community.

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Buyer(S) 1

Buyer

Yahoo!

Sunnyvale, California, United States

Category Company
Founded 1994
Sector Internet Software and Services
Employees9,400
Revenue 5.0B USD (2015)
DESCRIPTION
Entrance to Yahoo's corporate campus in Sunnyvale, California.
Entrance to Yahoo's corporate campus in Sunnyvale, California.

Yahoo! is a provider of internet search tools, content, and communication services. Yahoo! was formed in 1994 and is based in Sunnyvale, California.


DEAL STATS #
Overall 11 of 117
Sector: Internet Software and Services M&A 7 of 65
Type: Add-on Acquisition M&A Deals 11 of 111
State: California M&A 3 of 56
Country: United States M&A 11 of 101
Year: 1999 M&A 4 of 5
Size (of disclosed) 2 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-27 Encompass

San Francisco, California, United States

Encompass is a Software that designed to give consumers easy and compelling access to the Web.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-02 Online Anywhere

United States

Online Anywhere provides Web delivery for non-PC appliances, including TV-based Internet appliances, personal digital assistants and wireless devices such as pagers and data phones.

Buy $80M