AOL had held converses with purchase both Facebook and YouTube in 2006 and even considered buying an enormous minority stake in Tencent in 2004.
None of this occurred and as per ex-AOL CEO Jon Miller, the load up lead by Time Warner is to be accused of this.
Mill operator unveiled this in a selective CNBC meeting a week ago. Mill operator uncovered that he had talked about purchasing YouTube from its organizers, Chad Hurley, Steve Chen, and Jawed Karim, in January and July 2006.
He likewise talked with Facebook organizer Mark Zuckerberg in the spring of that year and the discussions for purchasing Tencent stalks were held in 2004.
Mill operator was cited as saying, “We wanted to take a few shots. We had an arrangement on purchasing YouTube before any other person.
We additionally had a chance to venture in with Facebook when Yahoo had bumbled. We even got an opportunity to possibly to venture into Tencent.”
Yippee had offered about $1 billion to purchase Facebook in 2006. Zuckerberg had allegedly dismissed the offer.
Facebook’s market capitalization today is more than $510 billion. In what is presently known as one of the best securing arrangements ever, Google purchased YouTube in 2006 for a negligible $1.65. YouTube’s worth was evaluated at $160 billion a year ago by Morgan Stanley.
Tencent, the Chinese innovation organization that possesses the well known WeChat application and a few computer game resources, is directly worth about $400 billion. As indicated by Miller, he had exchanges to purchase a stake of over 20%.
Mill operator had filled in as AOL’s CEO from 2002 to 2006. Two years after, AOL procured Time Warner in 2000 for $165 billion, the second-biggest arrangement even.
What’s more, if Miller is to be accepted, the arrangement cost AOL in more than one route as Warner made probably the greatest botches ever.