M&A disasters
What have been the worst M&A deals in history? To start with a few: Mercedes Benz & Chrysler Sprint & Nextel Sears & Kmart AOL & Time Warner Citibank & anything
Thoughts??
Microsoft Yahoo.
BOA Countrywide
News Corp and Myspace. Haircut with hedge clippers
Federal Reserve and Goldman Sachs
oh sorry you said disasters not miracles
broadcast.com - a website nobody used was sold by Mark Cuban for $5B. Yahoo survived this dumb move but it made Cuban the luckiest douche on the planet. And he still won't leave the limelight.
Another would be AT&T paying $100B to purchase TCI in a completely failed attempt to get into the cable business.
Another would be Quaker buying Snapple for $1.7 Billion, two years later it sold to Triarc for $0.3 Billion, three years later it sold to Cadburry Schwepes for $1.5 Billion. D'oh.
Def the BoA acquisition of Countrywide. Turned into a huge crap sandwich...
Microsoft-aQuantive
ANR-Massey
Federal Mogul / T&N
ooops asbestos!!!
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