Clippers new owner loves to overpay for stuff

Discussion in 'The Howard Stern Show' started by Avery, May 30, 2014.

  1. Avery

    Avery Well-Known Member Banned User

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    Let’s take a look at some of the more notable deals of the Ballmer era:

    aQuantive. In August 2007, Microsoft acquired aQuantive, a online ad agency, for $6.3 billion cash, and 85% premium. At the time, it was Microsoft’s largest deal. “This deal takes our advertising business to a new level,†the company’s COO, Kevin Johnson, said at the time. How’d it work out? Microsoft took a $6.2 billion write-off on the business in 2012. “The acquisition did not accelerate growth to the degree anticipated,†the company said.

    Skype. In May 2011, Microsoft acquired Skype for $8.5 billion in an unsolicited bid “even though there were no signs of other serious bidders,†as we wrote at the time. The price tag was three times what the company had gone for just 18 months prior, as the company was scrambling to catch up in the mobile and Internet markets. How’d it work out? Microsoft doesn’t break out Skype revenue, so it’s hard to really know. But the service is popular, and they just unveiled a gee-whiz “Star Trek†like universal translator service.

    Nokia. In September 2013, Microsoft acquired Nokia’s handset business, for $7.2 billion in cash. “It’s a bold step into the future – a win-win for employees, shareholders and consumers,†Mr. Ballmer said at the time. How’d it work out? You could argue, if you like, that it’s too soon to say; the deal closed only in April. But Microsoft controls less than 4% of the U.S. smartphone market. Moreover, whether it’s a win-win for employees, shareholders, and consumers, it was a definite loser for Mr. Ballmer: the Nokia deal was apparently the deal-breaker for him, and the internal fight over it led to his ouster.

    Yahoo. Of all the deals Microsoft did do, it’s the one that it didn’t do that may be the most instructive. In February 2008, Microsoft offered $44.6 billion for Yahoo, a 62% premium to the company’s stock, in an attempt to merge two struggling search businesses. It was a huge deal in the high-tech world, and it was a huge, public, messy battle that Microsoft eventually lost in one way, and won in another. Yahoo ultimately rejected the deal, although angry shareholder would later boot founder Jerry Yang over it. Yahoo’s stock, which was in the $30 range when the deal was announced, would soon sink into the single digits, and would languish in the teens range for years after.

    Not exactly a sterling record, no pun intended, and we didn’t even mention Microsoft’s stock, which went from $58 when Mr. Ballmer took over in 2000 to $40 and change today.
     
  2. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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    The guy threw down $2 billion in CASH.

    U lose Avery. :coffee:
     
  3. Avery

    Avery Well-Known Member Banned User

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    [video=youtube;yIN0FO0fODQ]https://www.youtube.com/watch?v=yIN0FO0fODQ[/video]
     
  4. StRyDeRxX

    StRyDeRxX Bling Bling Gold

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    That Ballmer sure was a loon!!! :uhammer:
     
  5. remdeprived

    remdeprived Well-Known Member

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  6. HooHoo

    HooHoo Well-Known Member

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    [​IMG] [​IMG]

    This slob gives John Hein a run for his money in the sweaty pits department

    [​IMG]

    [​IMG]
     
    Last edited: May 30, 2014
  7. Kool

    Kool Well-Known Member

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    Team isn't even worth 800 million
     
  8. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    It sounds like you just made his point for him.
     
  9. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    When you don't work hard for your money, you tend to toss it around freely. Ask any trust fund kid.
     
  10. DuckDong

    DuckDong VIP Extreme Gold

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    [​IMG]
     
  11. CaptainFrank

    CaptainFrank Well-Known Member

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    I don't believe for a minute that he is paying 2 billion for the team. I think that is just the message to make Sterling save face and convince him to sell.

    The Dodgers sold for 2 billion... and they are worth 5 times the clippers.. MLB is cleaning up with their own network, and their internet pages, and their apps... the NBA can't compare to that.
     
  12. RonHeinzkaboot

    RonHeinzkaboot Adultophile VIP

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    Doesn't some Indian coder guy own the Sacremento Kings too? I think he paid less than $500 million.

    The Clippers are the Windows Phone of the NBA
     
  13. dawg

    dawg In The Dog House Staff Member

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    Why not? they ripped everyone in the industry off. Might as well enjoy it.