Yahoo is considering selling all or parts of the company. On its own, Yahoo has struggled under Marissa Mayer. It's become unprofitable and its outlook is only getting worse. Bloomberg Gadfly's Shira Ovide explains why selling Yahoo is Mayer's best chance to salvage her legacy. (Published April 18, 2016.)
Company: Yahoo Inc.
Stock Exchange: Symbol--NASDAQ: YHOO
Principal Domain: yahoo.com
Investor Relations: investor.yahoo.net
Yahoo live stream video of First Quarter 2016 Earnings webcast: Tuesday, April 19 5:00 p.m. ET, at http://finance.yahoo.com/.
- Press Release of Q1 2016 Results
- Earnings Slides (pdf)
- Condensed Financial Information
- Transcript (source: Seeking Alpha)
Yahoo live stream video of First Quarter 2016 Earnings webcast: Tuesday, April 19 5:00 p.m. ET, at http://finance.yahoo.com/.
The video will be archived after the event at https://investor.yahoo.net and will be available for 90 days following the broadcast.
UPDATE on bids: Yahoo shortlist has Verizon, YP, Rakuten, private equity- sources | Reuters
Yahoo’s Troubles Mount, and Revenue Shrinks, as It Vets Suitors - The New York Times: "Jeffrey Smith, the chief executive of the Starboard Value hedge fund, said on Tuesday that he intended to keep the pressure on Yahoo. Starboard has proposed an alternative slate of nine directors to replace Yahoo’s entire board at the company’s next annual shareholder meeting, expected in June or July."
Monday, April 18, was the bid deadline for Yahoo's assets. According to Seeking Alpha, Verizon (NYSE:VZ) is the lead bidder for Yahoo. Yahoo did amend the CEO's change-of-control compensation--at least $48 million of Marissa Mayer's equity would vest in a deal--and the company is working with Goldman Sachs (NYSE:GS) and Evercore (NYSE:EVR) to defend against activist investor, Starboard Value. Yahoo is working with JPMorgan (NYSE:JPM) to at least go through the motions of auctioning the company off. We may know more after the earnings webcast. See also: Yahoo: Who's Ready To Take On A Legacy Digital-Native Media Turnaround? | Seeking Alpha.
See also on Domain Mondo:
• Corporate Accountability: Yahoo!, Starboard Value, Activist Shareholder
• Starboard Value Letter to Yahoo $YHOO and CEO Marissa Mayer (video)
• Yahoo $YHOO: What's It Worth Without Alibaba and Yahoo Japan? (video)
• Yahoo $YHOO LIVE Webcast: Q4, Year 2015 Earnings, Feb 2
Tweets about $YHOO
UPDATE on bids: Yahoo shortlist has Verizon, YP, Rakuten, private equity- sources | Reuters
Yahoo’s Troubles Mount, and Revenue Shrinks, as It Vets Suitors - The New York Times: "Jeffrey Smith, the chief executive of the Starboard Value hedge fund, said on Tuesday that he intended to keep the pressure on Yahoo. Starboard has proposed an alternative slate of nine directors to replace Yahoo’s entire board at the company’s next annual shareholder meeting, expected in June or July."
Monday, April 18, was the bid deadline for Yahoo's assets. According to Seeking Alpha, Verizon (NYSE:VZ) is the lead bidder for Yahoo. Yahoo did amend the CEO's change-of-control compensation--at least $48 million of Marissa Mayer's equity would vest in a deal--and the company is working with Goldman Sachs (NYSE:GS) and Evercore (NYSE:EVR) to defend against activist investor, Starboard Value. Yahoo is working with JPMorgan (NYSE:JPM) to at least go through the motions of auctioning the company off. We may know more after the earnings webcast. See also: Yahoo: Who's Ready To Take On A Legacy Digital-Native Media Turnaround? | Seeking Alpha.
See also on Domain Mondo:
• Corporate Accountability: Yahoo!, Starboard Value, Activist Shareholder
• Starboard Value Letter to Yahoo $YHOO and CEO Marissa Mayer (video)
• Yahoo $YHOO: What's It Worth Without Alibaba and Yahoo Japan? (video)
• Yahoo $YHOO LIVE Webcast: Q4, Year 2015 Earnings, Feb 2
About Yahoo (source: Yahoo): "Yahoo is a guide focused on informing, connecting, and entertaining our users. By creating highly personalized experiences for our users, we keep people connected to what matters most to them, across devices and around the world. In turn, we create value for advertisers by connecting them with the audiences that build their businesses. Yahoo is headquartered in Sunnyvale, California, and has offices located throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East and Africa (EMEA) regions."
