Sumner Redstone on Yahoo in 2001

Posted by admin on Wednesday, January 1, 2014

Sumner Redstone Money Quotation saying Viacom was not interested in buying the company after the 2001 Internet bubble burst and Yahoo! stock dropped to $20. Sumner Redstone said:

The Internet is a powerful way to make lots of money… But we are not going to buy Yahoo!

— Sumner Redstone

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