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/in…
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.
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.
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).
http://www.bloomberg.com/apps/news?pid=20601087&sid=aicrZVKxmYc0&refer=…
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.
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.
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"!
and maybe then you'll get it.
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.
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?
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!
I have no idea what ritalin is. But obviously you know...
I already have a masters degree and a position at a BB (once again you are pulling assumptions out of thin air).
I will explain, since you still don't get it: companies do not hold on to worthless assets, they divest, downsize or liquidate.
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?
Whatever you have to tell yourself, Junior.
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