MSFT To Buy YHOO For $20B
(Human, 14,409
Points)
on 11/30/08 at 12:14pm
Proving once again that it isn't a good idea to spurn suitors with deep pockets, Yahoo! is in talks again with Microsoft to sell out for $20 billion - less than half the amount they were offered over the summer. Oh, and the idiots on the board that rejected that offer? GONE.
http://business.timesonline.co.uk/tol/business/ind...
Not sure where the final valuation will end up share price-wise, but the earlier offer was at $33 a share. I'm guessing the investors are wishing they had that $33 now that the share price is $11.50.
please control yourself
And try to at least do a little bit of research before you post rumors like this.
***Disclaimer - Don't take my word on this***
My understanding thus far MSFT is going to put money into a spinco that contains yhoo search, which will raise money from outside investors and is partially owned by yahoo. MSFT will get a call option to buy the spinco for $20b.
Bloomberg trackback
http://www.bloomberg.com/apps/news?pid=20601087&si...
Hardly a rumor
And try to at least do a little bit of research before you post rumors like this.
***Disclaimer - Don't take my word on this***
My understanding thus far MSFT is going to put money into a spinco that contains yhoo search, which will raise money from outside investors and is partially owned by yahoo. MSFT will get a call option to buy the spinco for $20b.
In fact I'd file this under "old news". Yahoo denials notwithstanding, the board will be forced into this whether they like it or not. Yang is toast, by his own hand. And if you think YHOO is worth anything beyond the search business, I've got some LEH options to sell you.
Hmmm
Yahoo is silent on this one, haha. Levinsohn (sp?) said he knew nothing of it and it was just a NYT rumor. It is interesting:
-Icahn buying up shares this week on the cheap
-John Miller and Levinsohn rumored to be joining the new exec team (Microsoft loves them)
-Like Edmundo said, they needed a deal to be done YESTERDAY/YESTERYEAR, so it wouldn't be surprising if something changes this week because they no longer have a lame duck CEO.
This is nothing new
And try to at least do a little bit of research before you post rumors like this.
***Disclaimer - Don't take my word on this***
If you haven't noticed, this is what Edmundo does. Whenever he reads something he immediately posts it to WSO no matter what the source.
My favorite is the article he posted about Russia becoming the financial capital of the word, and he actually believed in the author's other suggestions in that article.
My guess is that if he keeps posting every rumor that he reads, then he can claim that he broke the news (on WSO) if one actually becomes true (big if).
I wish people would just
I wish people would just stop posting news items on this site... the postings are always late and like this one, the news changes before the post goes up.
Edmundo Braverman
Yahoo! is in talks again with Microsoft to sell out for $20 billion - less than half the amount they were offered over the summer. Oh, and the idiots on the board that rejected that offer? GONE.
Hey Edmundo! If you would had actually read (or at least understood) the article (rumor) that you posted then you would have realized that it stated that Microsoft offered $20 billion for Yahoo's search business, not the entire company. So the "less than half the amount they were offered over the summer" that you are referring to is comparing apples to oranges, since they previously made an offer for the entire company (not just the search business).
So it turns out that you are just as big of an idiot (if not more) as that board that is "gone"!
I'll type really S-L-O-W...
and maybe then you'll get it.
Yahoo! is in talks again with Microsoft to sell out for $20 billion - less than half the amount they were offered over the summer. Oh, and the idiots on the board that rejected that offer? GONE.
Hey Edmundo! If you would had actually read (or at least understood) the article (rumor) that you posted then you would have realized that it stated that Microsoft offered $20 billion for Yahoo's search business, not the entire company. So the "less than half the amount they were offered over the summer" that you are referring to is comparing apples to oranges, since they previously made an offer for the entire company (not just the search business).
So it turns out that you are just as big of an idiot (if not more) as that board that is "gone"!
As I pointed out to the previous dimwit, er, commenter, if you think YHOO is worth anything beyond the search business, you're in the wrong line of work.
I'll type in Capital letters
And maybe you will get it:
You are WRONG!!!
Yahoo is worth something beyond the search business. Otherwise Microsoft would not try to by only the search business.
Trying to buy only the search business is a lot harder for Microsoft than buying the entire company. So if Yahoo wasn't worth anything beyond its search business then Microsoft would just buy the entire company, keep the search business and give away the rest.
And if Yahoo was not worth something beyond its search business they would have divested or liquidated other parts of their business a long time ago.
And if you read the article that you posted (which was not true) it said that Microsoft would buy the search business and Yahoo would continue operating the other segments of the business, so if those other segments were not worth anything then why would they even consider operating them?
stk123, Do your parents know you've gone off your Ritalin?
I'm not even going to attempt to make sense of the circular logic you just put forth. All I can say is that some bank is going to be lucky to have you in 6 years when you graduate!
1. I have no idea what
1. I have no idea what ritalin is. But obviously you know...
2. I already have a masters degree and a position at a BB (once again you are pulling assumptions out of thin air).
3. I will explain, since you still don't get it: companies do not hold on to worthless assets, they divest, downsize or liquidate.
4. All I am trying to say is to stop misleading people in your posts. first you write "Yahoo! is in talks again with Microsoft to sell out for $20 billion - less than half the amount they were offered over the summer" in the OP which is incorrect because as I said you are comparing apples to oranges. And then you mislead us again by making another wrong assumption that Yahoo is not worth anything outside its search business.
I was just trying to point out to others that you are misleading them, because it annoys me when people post inaccurate information here as facts. I just don't understand why you are trying to defend yourself by all means and will not admit to making a mistake?
Uhh...Yeah
2. I already have a masters degree and a position at a BB
Whatever you have to tell yourself, Junior.
New low for edmundo!
2. I already have a masters degree and a position at a BB
Whatever you have to tell yourself, Junior.
What the heck is wrong with you? I only wrote that in response to your previous post and now you are calling me a liar, and you are wrong once again. If I was a junior, I would have said so. I do not pretend to be someone that I am not, unlike you pretending that you know what you are talking about.
As to your Yahoo search valuation, I found an article from May after Yahoo turned down Microsoft's $47.5 billion bid, and was looking to buy Yahoo's search business only.
http://www.reuters.com/article/newsOne/idUSN153908...
From the article:
"Collins Stewart analyst Sandeep Aggarwal estimates Yahoo's search advertising business is worth about $21 billion"
At that time Yahoo's Market Cap was still at $39 billion. So, I guess this guy must be in the "wrong line of work", since he sees significant value outside of Yahoo's search business, which contradicts what the "great" Edmundo Braverman is saying.
I heard there are guys trying to sell their wall street prep courses on WSO. You should look into buying one, because your Yahoo valuation is ridiculous and you are embarrassing yourself.
Its people like you who don't know what they are talking about (and think they do) that make this site less credible.
Now go back to reading your articles about China and Russia becoming the next financial capitals of the world, just stop posting them here.