AOL held talks to buy YouTube, Facebook in 2006, ex-CEO reveals

guest · Aug 16, 2019

AOL held talks to buy YouTube, Facebook in 2006, ex-CEO reveals
August 15, 2019
https://www.cnbc.com/2019/08/15/aol-held-talks-to-buy-youtube-facebook-in-2006-ex-ceo-reveals.html

Add another chapter to your internet revisionist history books: AOL held talks to buy both Facebook and YouTube in 2006 and considered taking a large minority stake in Tencent in 2004.

Obviously none of this happened — and the board of Time Warner is to blame, said ex-AOL CEO Jon Miller in an exclusive CNBC interview. Miller has never discussed the failed talks publicly before.

“We wanted to take some shots,” Miller said. “We had a line on buying YouTube before anybody else. We had an opportunity to step in with Facebook when Yahoo stumbled. We had a chance to maybe to step in to Tencent.”
“At all those turns we just didn’t get the support to do that. We knew we had to take some shots to change the trajectory -- that what we were doing was not sufficient. Necessary, but not sufficient. And it was very difficult when we couldn’t take those shots on what would have been major game-changing ideas.”
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AOL held talks to buy YouTube, Facebook in 2006, ex-CEO reveals

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