This Day In Market History, April 1: Mark Cuban Sells Broadcast.com To Yahoo!
Share: Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1999, Yahoo! acquired Broadcast.com for $5.7 billion. Where The Market Was: The Dow finished the day at 9,832.51. The S&P 500 finished at 1,293.72. What Else Was Going On In The World? In 1999, Walmart Inc (NYSE: WMT) purchased U.K. supermarket chain ASDA. The U.S. saw its first cases of the West Nile virus. The average annual U.S. income was $40,810. Cuban Cashes Out: Broadcast.com was founded under the name AudioNet in September 1995 by Christopher Jaeb. ...
Source: benzinga.com