Slashdot Mirror
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.