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Yahoo Spent $79 Million To Fend Off Microsoft

Posted by CmdrTaco on

Apologetics Blog writes "Getting bought by one of the biggest companies in the world turns out to be a rather costly thing. Last year when Microsoft was in talks with Yahoo regarding a possible buy-out, in a report recently filed with the Securities and Exchange Commission, Yahoo announced that it cost them $79 million to fight off Microsoft. Most of that money was spent on advisors who examined Microsoft's proposals, and the way it would impact on Yahoo's search agreement with Google. The deal fizzled out when federal antitrust regulators said it would challenge any deal made between the two companies."

8 of 82 comments (clear)

  1. Correction by BlindSpot · · Score: 4, Funny

    Getting bought by one of the biggest companies in the world turns out to be a rather costly thing.

    That should read "Not getting bought out..." since the deal never went through. If they had only just given in to Microsoft... then all it would have cost them is their souls.

  2. advisors by Anonymous Coward · · Score: 1, Funny

    $79 million for advisors? Seriously?
    I think I'm in the wrong line of work.
    Can anyone explain that to me?
    How can that possibly cost that much?

  3. Re:advisors by Shakrai · · Score: 4, Funny

    How can that possibly cost that much?

    They hired Dogbert Consulting?

    --
    I want peace on earth and goodwill toward man.
    We are the United States Government! We don't do that sort of thing.
  4. Re:advisors by larry+bagina · · Score: 5, Funny

    maybe they searched for "cheap advisors" and accidentally clicked the sponsored result.

    --
    Do you even lift?

    These aren't the 'roids you're looking for.

  5. Re:advisors by Anonymous Coward · · Score: 2, Funny

    I would be glad to explain it to you and guide you in your desire to switch occupations

    For my trouble all I ask is the small sum of (cue Dr Evil voice) $79 million dollars

  6. Re:fiduciary responsibility? by biscuitlover · · Score: 4, Funny

    Actually, compared to Microsoft's flailing in search, Yahoo are a pretty solid number two.

    Hang on, let me rephrase that.

    Microsoft has been greedily eyeing up Yahoo's number two slot.

    Oh, forget it.

  7. Consulting by Anonymous Coward · · Score: 2, Funny

    If you're not part of the solution, there's plenty of money to be made prolonging the problem.

    http://despair.com/consulting.html

    :D

  8. Re:seventy-nine million dollars dollars by Dishevel · · Score: 2, Funny

    > Who gives a fuck.

    Your mom. For about $79. Pesos.

    79 Dollars Pesos?

    --
    Why is it so hard to only have politicians for a few years, then have them go away?