pans: search
An unconfirmed report in The Times of London states that YHOO is in talks to sell its search business to Microsoft (MSFT; 20.22) for some $20 billion. We think that even though such a transaction would make sense for both companies, the indicated 24% premium to YHOO's entire market capitalization seems excessive and unlikely, especially given MSFT's enviable bargaining position. Nonetheless, despite considerable challenges, we view YHOO as attractively valued and we believe a MSFT search-focused agreement of some sort could be a material positive catalyst. -S. Kessler
in Online Auctions
via BusinessWeek @ 15:51 1st Dec
- Related
An unconfirmed report in The Times of London states that YHOO is in talks to sell its search business to Microsoft (MSFT; 20.22) for some $20 billion. We think that even though such a transaction would make sense for both companies, the indicated 24% premium to YHOO's entire market capitalization seems excessive and unlikely, especially given MSFT's enviable bargaining position. Nonetheless, despite considerable challenges, we view YHOO as attractively valued and we believe a MSFT search-focused agreement of some sort could be a material positive catalyst. -S. Kessler
in Online Auctions
via BusinessWeek @ 13:24 1st Dec
- Related
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