Billions of dollars were dangled at their owners and chief executives but to the utter surprise of many, the offer was rejected by these companies. The offer was juicy and irresistible but they were not swayed. Interestingly, these organizations that declined these fantastic bids are performing. Innovation Village, shares 5 of these companies.
Yahoo!
There is little doubt that Yahoo is struggling to catch up with Google which now dominates the world of search engine and emails. But do you know that in 2008, Microsoft tendered a bid to buy Yahoo for a mouthwatering $44,600,000,000? Microsoft controls a large chunk of the Computer Operating System market. Besides, 9 out 10 computers use the Windows OS. Today, Yahoo is worth about $35 billion. Perhaps they should have sold Yahoo to Microsoft. The story may probably be different today.
Imagine if twitter had been sold to Facebook, Jack Dorsey, the Chief Executive Officer of this active social network will certainly rue his loss. Twitter is arguably the most effective social network for interaction and engagement. It has been used for mobilization, campaign and measurement of opinion. Facebook offered twitter $500,000,000 dollars but today twitter is valued at $23 billion, 320 million monthly active users and 1 billion unique visits.
Snapchat
Snapchat allows you to share images or video clips with friends. Although users struggled to accept Snapchat, it has become a reliable way to share brief videos with your followers. For example, Scott Disick and Kourtney Kardashian used Snapchat to announce that they are back together. Snapchat is valued at $16 dollars while Facebook wanted to buy it for $3 million in 2013. It boast of 1.55 billion active users and 100 million daily users.
Dropbox
Apple tendered a bid for Dropbox in 2009 but the bid did not see the light of day. Apple offered $800,000,000 but today Dropbox is valued at around $10 billion dollars! Dropbox keeps your files safe and easy to share.
Before Facebook bought WhatsApp, Google made an offer to buy it for $10 billion in 2014. The bid was rejected. A later bid by Facebook was successful. WhatsApp is now one of the biggest messaging platforms in the world valued at about $19 billion.
