January 28, 1999: Yahoo Aquired GeoCities

Yahoo! GeoCities

Yahoo! GeoCities

First started as Beverly Hills Internet (BHI) GeoCities was one of the largest online user-created communities. At it’s height, GeoCities was the third-most visited website. Pages built by users to slice their piece of the Word Wide Web Pie.

Yahoo! saw this as a great addition to their web so on January 28, 1999 Yahoo! announced they were purchasing GeoCities for $3.6 billion dollars and $1 billion in stock options. Because of this news, GeoCities stock jumped up 42.25 points to $117/share. Yahoo! jumped up 31 points to $367/share.

GeoCities was closed by Yahoo! on October 26, 2009

Fun Fact: GeoCities still exists – in Japan.

Wikazine – Full show notes for January 28

  • Tim McVey Day
  • Radio Shack chooses Compaq over IBM
  • Ann Marie Linscott uses Craigslist to hire a hitman