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Yahoo Spent $79 Million To Fend Off Microsoft
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."
The google/yahoo deal was an advertising agreement, not a merger/acquisition.
Do you even lift?
These aren't the 'roids you're looking for.
here is the link to the atricle that actually talks about the $79 Million dollar tab, with all sorts of links to all the related article stuff...
http://news.cnet.com/8301-1023_3-10184454-93.html?tag=mncol;posts
Not only that.
I work for a major consulting firm handling bank accounts on the west coast. Consultants are not cheap.
My company charges in excess of $350/hr on top of mileage and any extra work that may cause delay is charged at $519/hr. But again, we handle very important and sensitive data/work.
Of course I make much less and sometimes, there might not be any serious work for months.
Does anybody at Slashdot ever actually check *anything* before they post?
"The deal fizzled out when federal antitrust regulators said it would challenge any deal made between the two companies.""
The link is about the deal between *GOOGLE* and Yahoo!. Google != Microsoft.
The deal between Yahoo! and Microsoft fizzled out because Yang did everything he could to prevent it, not because of antitrust concerns.
The way I read it, there's a lot of fees rolled into one.
Some of you may ask why so many lawyers. Well there a 3 separate legal issues here. Fight MS, Deal with Google, and fight Carl Icahn. You might get the same lawyers to fight MS and figure out the Google deal, but they really are different areas of the law and the large scope would mean you need more more bodies. For the proxy contest, you probably want a law firm that specializes in that.
Well, there's spam egg sausage and spam, that's not got much spam in it.
I'm sorry but HAHAHAHAHAHA! Did you say MSFT overtakes them? Have you TRIED MSFT Search? Hell it was shit 10 years ago and it is shit+ extra stink now. The searches are total crap and most of what you find is simply crap trying to sell you junk that has NOTHING to do with what you are looking for.
I'm talking about the odds of success which strange as it may seem have little to do with the quality of Microsoft search. I hate Microsoft as much as the next guy but if you look at it objectively I think it was a bad deal for Yahoo's shareholders when management rejected Microsoft's offer. Microsoft offered $33/share, which was more than they've been valued since 2006 (and only for a brief time in 2006 at that).
Do you honesty see Yahoo crawling back up to $33/share on their own with either their current product portfolio or anything they have on the drawing board? I hear a lot of people bashing Microsoft but I don't hear too many people defending Yahoo. I still say I would have been pretty pissed if I was a Yahoo shareholder.
I want peace on earth and goodwill toward man.
We are the United States Government! We don't do that sort of thing.
Microsoft is the worlds 136th largest company
Why? Yahoo! is number two in a lot of it's business areas, but it's a solid number two and continues to perform solidly if modestly. The deal with Microsoft brought nothing to the table for Yahoo! subscribers but a short term injection of cash and a long term marriage to a company with uncertain future prospects.
As a Yahoo! shareholder I'm glad they fended off Microsoft.
Yahoo! already has a larger marketshare than either in many areas - it's portal is stable and widely used. There's more to Yahoo! than search - and it's Google who is consistently, if poorly, attempting to catch up.