Semel…met with Google’s two young founders for dinner and talk turned to a possible deal between the two Internet companies.
The pair said their company, which was just getting off the ground, was worth $1 billion – but added they didn’t want to sell.
Semel checked in with them a week or so later. They told him Google still wasn’t for sale – and that the price had jumped to $3 billion.
“And I said, well you still have the same business you had two weeks ago, right? Which adds up to nothing,” Semel said. “So obviously we couldn’t and didn’t buy the company.”
That and the fact that they said it wasn’t for sale.