I think the CEO has made a mess out of it. Just look at all those ugly and crappy designed Yahoo websites, I'm surprised that they even manage to attract visitors. And I also don't understand the comment about spinning off the stake in Alibabi, I don't see how that would be a separate company.
Just what I thought, instead of fixing all of those atrocious and bloated looking websites, the CEO rather focuses on spending money. She clearly doesn't give a damn about the business. http://www.dailymail.co.uk/news/art...ure-white-throne-posing-photos-employees.html
Alibaba is already a publicly traded company (NYSE: BABA); Yahoo has a 15% stake in the company which is worth around 30 billion USD. It is almost incomprehensible to know that this is 98% of Yahoo's entire market capitalization! Add this to its stake in Yahoo Japan and it is clear that Yahoo's internet business amounts to a statistically insignificant monetary valuation (chump change). The issue with the previously considered BABA spinoff is that out of the 30 billion Yahoo would have received, the US would have taxed Yahoo 10 billion USD- which is definitely not chump change.
Didn't know about that, interesting. But I think Yahoo will probably look for a merger with AOL. They won't survive on their own, not with the current management.
The AOL rumor has been floated for a while now, but it would be a straight buyout and not a merger as the valuation for the Yahoo core business is virtually nothing.
Yes my bad, I meant to say takeover, that's more realistic than a merger. But it's really sad to see a company with so many potential being ruined. Yahoo Finance could have been great, same goes for Yahoo Search, they only needed to copy Google. Actually, all of their sites could have been great, if it wasn't for the crappy design. I'm only reasonable content with Yahoo Mail, but only about the basic version, the full version is horrible.
Bids are due on Monday, and it seems Verizon is in the lead. Also copies of the financials Yahoo released to prospective bidders was leaked and they were doing worse than it was thought.
Now Daily Mail, one of my favorite sites (for mainly showbiz), wants to buy it: http://www.bbc.com/news/business-36011510
I have a drastic idea, just close shop! The new Yahoo Finance is bloated, ugly and slow as hell. Just like all other Yahoo sites, and they can't seem to fix it. Too many incompetent people are working over there. https://finance.yahoo.com/video/david-pogue-yahoo-finance-explainer-162808572.html
"Verizon buys Yahoo for $4.83 billion, creating world’s biggest website" (Front Page title of full article linked below) "On Monday, Verizon and Yahoo announced that the telecom giant agreed to buy the ailing Internet company in a $4.8 billion deal." https://www.washingtonpost.com/news/the-switch/wp/2016/07/25/why-verizon-wants-to-buy-an-ailing-yahoo/?hpid=hp_rhp-more-top-stories_no-name:homepage/story
I expect Yahoo to become AOL's default search engine, replacing Google. Its new desktop software is now Chrome based instead of the venerable Microsoft IE its used before.
