Verizon announced yesterday that it will acquire Yahoo for approximately $4.83 billion in cash
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) today announce they have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also connects advertisers with target audiences through a streamlined advertising technology stack that combines the power of their data, content and technology.
According to the press release, LionTree Advisors, LLC, Allen & Company LLC, Bank of America Merrill Lynch and Guggenheim Securities, LLC are acting as financial advisors to Verizon. Goldman, Sachs & Co., J.P. Morgan Securities LLC and PJT Partners are acting as financial advisors to the Yahoo Board and its Strategic Review Committee.
Again, Allen & Co. are involved in a big tech deal. Thoughts? What will the fees be like?
Shitty, given the number of advisors involved and the relatively meh size of the deal. Nice print if you care about the internet and technology, but nothing that special either.
Just to think that Microsoft was willing to offer over $44BB less than 5 years ago. Could you imagine how much that could've helped Microsoft with their search capabilities and overall media-related portfolio.
Now it sold for less than $5BB. Yahoo paid $5.7BB for Broadcast.com (Mark Cuban) 15 years ago.
Oh how the mighty have fallen.
Zuck paid $42 per user for WhatsApp.
Meanwhile, Mark Cuban got over $10,000 per user for Broadcast.com:
"Broadcast.com (formerly AudioNet) reported 1998 revenues of $3.1 million as of March 31, and a net loss of $2.7 million. In 1997, the company reported a loss of $6.5 million on revenues of $6.9 million. A year earlier, it posted a loss of $3 million on revenue of $1.8 million."
I wonder how Cuban even kept a straight face during negotiations.
I met him twice, and I can honestly say that it's because he knew what he was doing. He knew he was literally raping Yahoo. He's such a douchey guy, but cool as hell.
Poster child of perfect luck.
So Yahoo worth less than the UFC huh
From 120B + to 4.8 haha
She came, made a whole bunch of shitty acquisition, and is now set for life. Life must be good for Marissa.
It's worth noting that the deal doesn't include Yahoo's stake in Yahoo Japan, or Alibaba (worth around 40 billion per Bloomberg). That pretty much explains the difference in the size of this deal vs. Microsoft's previous offer.
Except the fact that the Alibaba stake was worth alot less at the time of Microsoft's offer, both in absolute terms and as a percent, than it is now. The valuation of Yahoo's core business has plummeted since Microsoft's offer.
What's crazy is that Yahoo has over 7 billion in cash. Nice win for VZ
Lol wut
deal doesn't include cash, yet another reason people are overreacting to this low number.
6 advisors on this deal per an article I read on Monday , they described Allen & Co as the mysterious boutique from San Francisco.
Mayer is still a babe.
I 100% second this.
Funny how Marissa played the feminist card on FT.
Yeah, destroy shareholder value, get paid 200m + $ and whine about the men culture in the company.
Whose idea it was to pose for certain magazines back then eh ?
wtf? can you share the link? I ask because I am seeing a lot of 'blame the men' things lately... not only online but in real life as well..
You must be new to the 21st century.
Welcome and please watch your privilege.
Dude...Google "Marissa Mayer FT" and you find this: http://www.ft.com/cms/s/0/50fe03c8-525a-11e6-befd-2fc0c26b3c60.html#axz…
She was also complaining about supposedly biased reporting, not a "man culture" in the company.
Corporis earum at doloribus tempore sapiente omnis rerum. Tempore qui aut earum porro. Et similique ea omnis necessitatibus autem magni. Quisquam fugiat enim velit autem veniam.
Sint officia inventore hic. Minima necessitatibus itaque iste rem illum mollitia.
Culpa aliquam et velit mollitia provident temporibus quis. Est sed sit eligendi porro voluptatem sunt aperiam. Occaecati rerum id eius nulla omnis in qui. Beatae rem nihil molestiae aut ad facilis et. Labore rerum velit tempora delectus et exercitationem.
Consectetur placeat consectetur occaecati earum delectus tempore aut. Ut eos commodi voluptatem fuga numquam libero. Dolorum voluptas quae veniam modi porro ad odio reiciendis. Blanditiis veniam laborum enim cum sint quas aliquid. Voluptatem ipsa quia eligendi ipsum possimus consequatur pariatur quae. Numquam mollitia rem temporibus quod quis nemo. Sit quas incidunt iusto optio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...