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Mark Cuban

Yahoo! acquires

1 Apr, 1999

 Yahoo acquires for $5.7 billion in stock and renames it Yahoo! Broadcast Solutions. 

After we sold, I hedged my stock with synthetic indexes, in case the market cratered in the six months before I could hedge my actual Yahoo shares. It cost me $20 million, but I protected what I had. Todd Wagner and I had a credo: “Pigs get fat; hogs get slaughtered.