HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Sat, 21 Nov 2009 21:40:57 +0000 http://wordpress.org/?v=2.1.3 en Yang Gets Last Laugh Now, Investors to Wait Until 2024 http://watchmojo.com/web/blog/index.php/2008/06/12/yang-gets-last-laugh-now-investors-to-wait-until-2024/ http://watchmojo.com/web/blog/index.php/2008/06/12/yang-gets-last-laugh-now-investors-to-wait-until-2024/#comments Fri, 13 Jun 2008 03:31:01 +0000 Ashkan Karbasfrooshan FinancingGoogleInternet & WebInvestingLegal MattersM&AManagementMicrosoftSearch WarsYahoo! http://watchmojo.com/web/blog/index.php/2008/06/12/yang-gets-last-laugh-now-investors-to-wait-until-2024/ Microsoft offered $44.6B to acquire all of Yahoo! in early February.

Yahoo! Chief Yahoo spent 4 months trying to make that go away… today he settled for $800M in top line incremental revenue.

That means in some 50+ years (44.6B/$800M), investors will be indifferent.  So net-net, “Jer”gets what he wants today, investors can go pound sand and come back in 2024.

Way to go, Jer.

Note: unloaded my YHOO shares at $30 (75%), $29 (20%) and then $28 (last 5%)…

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