Christ it's not even close.
by
maroci
05/06/2008, 1:05 PM
$5 BILLION for Broadcast.com? Wow. That's got to be some kind of corporate record for most money pissed away at once
Hmm...no. Off the top of my head, I would refer you to the AOL Time Warner merger, which ultimately resulted in the company taking a $99 billion dollar write-down. Or Daimler-Benz paying $38 billion for Chrysler, which they later essentially gave away just for the sake of being rid of it.