Yahoo! and Facebook are in talks about forging an alliance that could spell the end of Yahoo!’s relationship with Microsoft.
Forging an alliance with Yahoo! would allow the social network to take a major leap forward in search, ensuring it remains central to its users’ lives and helping to target advertising more efficiently.
Meanwhile, Yahoo!, which started life as one the first major search engines but is now dwarfed by rival Google, would benefit from Facebook’s vast army of more than 1bn users.
All of your sources comments have not come to fruitation...I'm long but stop giving info that doesn't happen. MSFT deal is in place to at least March. I hope FB and YHOO annoucne something, but not in the near term
Sentiment: Strong Buy
Well, this didn't pan out as so many predicted. Thought it was a done deal?
Now the Board moves on to promoting the Alibaba IPO. One poster on here even said they had to do it soon so they didnt have to give Yahoo more money (assuming the value rises). Great logic. Yahoo owns a percentage....any higher valuation would give Yahoo more money for sure....but it would also give more money to Alibaba. So now we will spend the next few day-weeks rehashing how the IPO is going to happen any minute at some enourmous valuation and send Yahoo soaring. Has anyone even given any consideration that the value Yahoo holds in Alibaba should be priced into the share price. Ok...perhaps not 100% but it isn't 0% either. Also, would someone care to explain why the top guy stepping down is somehow good and means the IPO is somehow coming sooner rather than later? Most of the posts suggesting this, I think ,are those that want the stock to soar NOW so they can make some money. Most of what I've read says the IPO will be sometime in 2013. Thats not next week or next month or even by the 4th of July.
Now if your reponse to this post is to call me names, claim I'm someone else using an alias...get a life. That adds nothing to the discussion and probably does more to prove my case. Someone on this board should be able to reply to this in a decent logical manner. I would love to hear a good explanation. I''m all ears!
I'm not bearish-but as I have posted I think we are in the midst of a correction which could carry down into and possibly just below $18. I would be a buyer down there. But at these levels and based on not only the +39% move since last year but the overwhelmingly bullish posts based on what if's, possibilies, overly optimistic projections, tells me the world is long and grabbing at anything in hopes it will propel it higher....sooner rather than later. Patience is a virtue!
Actually, Swisher denied any deal....
Yahoo and Facebook are not currently in talks about forming a search alliance or building a search engine together, according to my sources, who scoffed about such a deal reported in a thinner-than-tissue-paper post by the Telegraph earlier today.
In addition, Yahoo is not anywhere near ending its search partnership with Microsoft, although new CEO Marissa Mayer has been in touch with the software giant about improving performance that has been less than lackluster over the course of its history so far.