Okay, I think it is already well documented that Yahoo! doesn't need to do a PIPE transaction.
My question is what makes the Silver Lake bid of $16.60 more attractive to Yahoo! BOD than the TPG bid of $17.50? The comments in media have claimed that it is the management team and plan that Silver Lake brings to the table (though, they really don't have a plan other than to focus on core operations, which any b-school MBA would tell you). So, is Andreessen (who already serves on numerous corporate BODs) really worth $1.3 billion?? That is ridiculous. Yahoo! would be much better off to pay a rockstar exec a huge salary to lead the company. Yahoo! doesn't need PE, they certainly don't need Andreessen for $1.3 billion.