Fact: Yahoo wants to sell it's core internet business and Microsoft is very much interested in buying the company. http://www.reuters.com/article/us-microsoft-yahoo-idUSKCN0WS067 I wonder if some of Yahoo's other competitors might be interested in buying the company.
Recent business news shows Verizon with significent interest to add to the AOL stable as it continues to sell its wireless assets to Frontier. http://www.cnbc.com/2016/02/06/verizon-ceo-confirms-interest-in-buying-yahoo.html http://recode.net/2016/02/02/yahoo-...inally-admitting-the-obvious-also-q4-results/ http://investorplace.com/2016/02/buyout-scenario-involving-yahoo-stock-verizon-alibaba-likely/ http://www.businessinsider.com/yahoo-launches-sale-of-its-core-business-2016-2 http://www.forbes.com/sites/briansolomon/2015/12/07/verizon-cfo-well-look-at-buying-yahoo/ Other obvious BMB threads, some of which you commented within. http://www.bullmarketboard.com/thre...ches-proxy-fight-to-remove-entire-Yahoo-board http://www.bullmarketboard.com/threads/6789-Yahoo-YHOO-for-sale-per-Chairman-Maynard-Webb http://www.bullmarketboard.com/threads/6795-Yahoo-Cuts-Down-Work-Force-by-15
That is surprising for me to read. I would have never thought that Yahoo was going to sell anything even just a couple of years ago. They have always been a staple of the internet for me and I have just always thought that they were sound financially and in a good place. Maybe there is more behind the scenes though that I am not seeing. I think that that is often the case.
Bing and Yahoo have for about 5 years had a partnership for selling ads, and are really the only major competition to Google Adsense/Adwords. The partnership ended last year. I am not sure what Yahoo has that MSFT wants other than a large amount of pageviews. A company like Google or MSFT with an ad network can get more value from those pageviews than any other company can. It is the same as Twitter, which I think would be a better buy for MSFT or Google.
Well, the news (above) hasn't moved the premarket but a few pennies this morning. At the open it's down about a dime from the previous close. 'Nuff said. On to other things that should be more profitable.
http://www.investors.com/news/techn...ht-starboard-value-announces-new-board-slate/ Activist investor Starboard Value has announced its proposed slate of board candidates and revealed that three investment banks have been hired to evaluate potential bids.
http://www.reuters.com/article/us-yahoo-m-a-idUSKCN0WV02M Yahoo has set an April 11 deadline for preliminary bids on its core business and Asian assets. Time Inc, Verizon, some private equity firms and other companies are expected to bid.
http://www.reuters.com/article/us-yahoo-m-a-timeinc-exclusive-idUSKCN0WY5T8 The question of whether Time or Verizon remains open. The jockeying for position in the starting gate continues.
I do not get the interest from Time. Time already struggles with their online properties and Yahoo would just add more struggling properties, there is nothing vertical about the deal. The sum of the two parts equals the sum of the two parts...
I remember mulling over this company at $16 a share in the past, but didn't buy it. Marissa Mayer came onto the scene and from my outsider view it actually seemed like she really turned things around. Last I recalled, Yahoo was powering a lot of the iOS apps such as weather and I believe news -- thought everything was going well. So I'm kind of surprised to hear they're looking to sell, but I guess when you think about it they really haven't been creating anything new or innovating to try to stay ahead of the curve.
