And we might be looking at an internet industry with only 2 giants, if you believe MSN and Yahoo might merge under a Microsoft takeover.
Whats the deal with so many acquisitions, one might ask? There has been more than an avalanche of deals made in the past 12 months in the internet industry as Google, Yahoo, MSN, along with lumbering media dinosaurs behind eating their dust, jostled to make their way into college dorms (ok, not quite) for pizza-fueled, beer-guzzling young entrepreneurs with the Next Big Thing. The doomsday believers and closet Nostradamus groupies among us are even mentioning the feared “B” word – Bubble.
But Yahoo has really been the loser in this round, as their one-time protege in web search, Google has swiftly taken over Yahoo’s dominance as the first major search giant and gone on to corner the search and online advertising markets. The number of victories keep piling up for Google since their IPO in July 2004; Quarterly Revenue, Market cap on Wall Street, Market Share for Search, AOL, MySpace, Youtube… Its making Terry Semel and his merrymen in Sunnyvale wonder if they are losing their mojo in deal-making.
The latest rumor has it that Yahoo is now thinking of revisiting an old battle won by Google over AOL and mulling a buyout of that unit. Click here for CNN Money article.
In other news, Google may have truly grown too big for its size and exhausted Earth’s resource for intelligent people. Not too long ago in Feb 2006, they were still pretty anal about their GPA qualifications. Click here for Valleywag article. They have relaxed their GPA requirements for new hires, albeit only for sales positions. Click here for article from John Battelle.