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Verizon Explores Lower Price or Even Exit From Yahoo Deal (bloomberg.com)
Verizon is reconsidering its $4.8 billion purchase of Yahoo, according to Bloomberg. Citing a source, the publication claims that Wednesday's announcement by Yahoo -- theft of info from one billion users -- has led Verizon to consider scrapping the deal entirely. From the report: While a Verizon group led by AOL Chief Executive Officer Tim Armstrong is still focused on integration planning to get Yahoo up and running, another team, walled off from the rest, is reviewing the breach disclosures and the company's options, said the person, who asked not to be identified discussing private information. A legal team led by Verizon General Counsel Craig Silliman is assessing the damage from the breaches and is working toward either killing the deal or renegotiating the Yahoo purchase at a lower price, the person said. One of the major objectives for Verizon is negotiating a separation from any future legal fallout from the breaches. Verizon is seeking to have Yahoo assume any lasting responsibility for the hack damage, the person said.
Run far, run fast, don't look back.
While a Verizon group led by AOL Chief Executive Officer Tim Armstrong is still focused on integration planning to get Yahoo up and running
its like watching two rotten old corpses fuck
Conceivably they could buy the Yahoo! brand without buying the company's other assets (the brand/logo and it's 90's nostalgia are about the only thing of value left at Yahoo). That would presumably limit their liability (for example, if my Atari 2600 burns down my house due to a latent design flaw, I'm pretty sure I won't be able to sue whoever it is that currently puts out shovelware games under the Atari brand that had nothing to do with the old hardware company).
Support Right To Repair Legislation.
Yahoo turning down Microsoft's offer to buy them out for $45B has to go down as one of the dumbest business decisions of all time. Conversely Microsoft might win the award for biggest bullet (unintentionally) dodged of all time. Yahoo is just an absolutely pathetic company which has been badly managed for a long time.
Verizon is buying Yahoo. Who would be left to assume responsibility? The shareholders?
Leave it to Verizon... to invent the "Vexit".
When you buy a business, you acquire both its assets and its liabilities, you don't get to pick and choose. If you don't like it, don't buy it.
I can't imagine why they'd still go through with it now.
Businesses don't have to be sold in whole. It very popular in New Korporate Amerika to now buy all the assets and key employees that make a business work, but not technically buy the business. Then you leave the liabilities and people you hate behind for bankruptcy and all the company's shareholders get screwed, while the executives take golden lifeboats to their new positions with the purchasing company.
As I said last night
, it's just posturing to get the company for a cheaper price. They'll go through with it either way.
You could not be more wrong. Companies buy some of the assets of other companies all the time.
In this case, specifically, this is an asset sale, so that the original Yahoo company remains and continues to own the Alibaba shares, thus avoiding a huge tax bill on these shares.
The real "Libtards" are the Libertarians!
A legal team led by Verizon General Counsel Craig Silliman
I'm not sure Craig is taking his job seriously...
Even vultures are selective about the rotten carcass they eat, apparently. xD
Yahoo just needs to die and go away. They have been marginal or even irrelevant for a very long time.
Yahoo has actually been a has-been *far* longer than it was ever top dog.
If you think about it, their time at the top was pretty short- essentially beginning and ending with the late 90s dotcom era. The original directory was created in early '94, the domain only registered a year later, and the IPO was in 1996. Four years after *that*, the dotcom crash happened, Google rose out of nowhere to leave them in their dust, and they never seemed to move on successfully from that.
They've seemed like a relic almost since the 90s ended; if they don't feel *more* like a Geocities "remember the dotcom era" retro nostalgia thing, it's only because they've hung around so long, seemingly going nowhere, but not really dying either- the service you occasionally check your burner email account on, sitting around in the background
Well, until now, anyway....
"Slashdot - News and Chat Sites Deviant". (Click "homepage" link above for details).
Meaning, they may Verexit?
I realize Verizon buys content but the core search engine, web services, apis, and other things that make up yahoo. After the initial disclosure a few months ago and now this, I can't see Yahoo as being worth much of anything other than a name for epic failure.
Harrison's Postulate - "For every action there is an equal and opposite criticism"
Well, if they are trying to bring back the 90s, they will need Yahoo as well as AOL.
What's next? Bringing back CompuServe?
Thing is, if I was facing bankruptcy I couldn't put the good stuff in my right pocket (or give it to my cat) and the creditors only get to pick the left one, sucks to be them LOL.
Why can Yahoo?
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
Still, it was not completely worthless. Marissa changed that with her bad policies that made the hack possible. At this time, the actual worth of the company is probably a few hundred millions in the negative. She will still get to keep all the money she got paid despite delivering less than nothing. Power without responsibility is something that never produces a good outcome.
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
Because they aren't bankrupt yet. And if they can limp along another year or two they'll be past any clawback provisions in the law.
If I have been able to see further than others, it is because I bought a pair of binoculars.
They could have got it for $300k https://yro.slashdot.org/story...