Interesting to consider the reasons for the past valuation -- before everyone realized Alibaba was blowing up (I believe it was < $1bn of that $44bn deal).
So, in 2016 dollars we're talking $5bn for their core web business vs. 50bn+ (2016 dollars) for the 2008 MSFT offer.
So, in 2016 dollars we're talking $5bn for their core web business vs. 50bn+ (2016 dollars) for the 2008 MSFT offer.