Yahoo to Narrow Field of Bidders as Soon as Next Week First-round bidders for Yahoo! Inc. could find out as early as next week whether they’ve made it through to the next stage. Read full article here: http://bloom.bg/1NG8HpZ
starboard will win. Mayer must act before she goes down in a disgrace. One can hope she sees $0 of her severance.
YHOO ending most of a partnership with AT&T Speculation could be that AT&T is ending this because YHOO may be bought by Verizon.
God damn irresponsible for WSJ to publish this right at OPEX U think we have manipulation here to make May contracts expire worthless
Yahoo's expected to sell cheaper than it was initially planned. Stock's likely to dip. Yahoo doing it again
WSJ reported YHOO, is likely to hold another round of the bidding after next Monday's deadline. A third and last round of bidding?
And then MM gives a press conference and says: "Just a prank, everyone, we never meant to sell anything" So who are we looking at as potential winners (or losers)?
http://www.businessinsider.com/marissa-mayer-worked-in-hospital-after-having-twins-2016-6?r=UK&IR=T Favorite part is where the Google exec remains unnamed while giving a ridiculous quote (but this puff piece is sure to name-drop Salesforce and PayPal execs). Literally calling BS on that quote. So getting to be CEO of Yahoo is like being paid millions of dollars to use Instagram? You broadcast out all the awesome things you do, without actually producing anything of value?
Certainly Mayer is the first woman ever to keep working up until the end of pregnancy. This praise is near legendary.
Yahoo is expected to report earnings tomorrow after market close. Yahoo set to get final bids, report earnings http://www.usatoday.com/story/tech/...-set-get-final-bids-report-earnings/87129278/ Bloated Yahoo May Face Job Cuts After Sale of Internet Assets Yahoo! Inc. may have a new owner before long. Whoever emerges victorious from the months-long bidding battle will face the difficult task of whittling down a company burdened by one of the the highest cost structures in its corner of the technology sector. Once the go-to gateway to the internet, Yahoo got fat over the years as it navigated the rapidly changing industry in a sprawling effort to be all things to all people -- from search to shopping to news outlet to blogging hub. Spending ballooned on acquisitions and recruiting in an effort to offset declining sales as ad revenue was siphoned off by competitors. Now Yahoo squeezes far fewer sales from each employee than its peers and its core services are on the auction block. Alphabet Inc., Google’s parent, had $315,948 in sales per worker in the first quarter while Facebook Inc. garnered almost $400,000. For Yahoo, that figure was less than $116,000. Even the traditionally beefier telecom companies are lean compared with Yahoo. Verizon Communications Inc. counts $185,637 in sales per employee and AT&T Inc. reaps $144,319. Yahoo’s numbers look even worse when subtracting traffic acquisition costs -- the revenue passed onto partners. Cutting jobs is the most obvious way to come to terms with the excess. While Chief Executive Officer Marissa Mayer has already pared the company back by a third over the course of her four-year tenure, Yahoo’s new overlords will likely slash at least another 3,000 positions, according to analysts, depending on which buyer the company might attract. More: http://www.bloomberg.com/news/artic...r-sale-of-internet-assets?cmpid=yhoo.headline
Yahoo posts earnings of 9 cents a share vs. 10 cents expected Yahoo gave investors a key insight into its progress Monday as it continues to slash expenses. Yahoo reported quarterly earnings that slightly missed analysts' expectations, and revenue that beat expectations on Monday — in part due to what the CEO called "disciplined expense management." The company posted second-quarter earnings per share of 9 cents, compared to 16 cents a share in the year-earlier period. Revenue for the quarter came in at $1.31 billion, against the comparable year-ago figure of $1.24 billion. Analysts had expected Yahoo to report earnings of about 10 cents per share on $1.08 billion in revenue, according to a consensus estimate from Thomson Reuters. Shares dipped nearly 1 percent after hours, before recovering slightly. "With the lowest cost structure and headcount in a decade, we continue to make solid progress against our 2016 plan," CEO Marissa Mayer said in an earnings release. Read more: http://www.cnbc.com/2016/07/18/yahoo-reports-second-quarter-earnings-for-2016.html
Revenues up but profits down...and the highly-paid CEO wants to talk up "disciplined expense management".
Saw the below news on Bloomberg: Verizon Communications Inc., Quicken Loans Inc. founder Dan Gilbert, and Vector Capital Management are the leading bidders for Yahoo! Inc., according to people familiar with the matter. All three submitted bids by Yahoo’s Monday deadline, along with AT&T Inc. and private equity suitor TPG, said one of the people, who asked not to be identified discussing non-public information. A decision could be made in about a week, one of the people said. One potential obstacle on choosing a winner is that Yahoo may decide to sell its intellectual property separately, the people said. Yahoo has received bids on its patents, including an offer from a consortium of smaller companies that aggregate intellectual property for royalties, one of the people said. The patents will probably sell for less than $500 million, although they could be worth up to $1 billion, one of the people said. Read more: http://www.bloomberg.com/news/artic...ector-said-among-likely-winning-yahoo-bidders
http://www.bloomberg.com/news/artic...aring-deal-to-buy-yahoo-beating-rival-bidders So what would $5B do for current shareholders?
I'm not following this, but the link discusses the $5B not including patents and other stuff. With a current market cap of $37B, a $5B buyout would just be a spin-off of parts of the company. I don't see how it's good for shareholders in the long run. Maybe they can get some profits selling on pops going forwards, but this seems like we're selling the cow one steak at a time.
