I already gave up waiting. Just take the news as they come and eventually it will get sold. Yahoo in the first place did not explain the process of the auction and how the proceeds are going to be disbursed. Lower your expectations from yahoo treating their shareholders and you will not get too frustrated. I won't be surprise if yahoo's management comes up with reasons for further delay. They were incompetent for the last 4 years.
The longer it takes, the more beneficial to them.
No mention of att. I think they will offer a competitive bid. My internet provider is att and they have a lot of partnership in the web with yahoo all over the place.
As I have said before, this stock will probably react much better if MM and the old board are replaced.The Street has NO confidence that they can successfully get anything done. So it is a wait and see what happens. Hopefully we will hear something after the meeting tomorrow.
Good observation.. Really, how is the cash sale of the core assets distributed back to the shareholders?
How would the stock price/listing be structured? Is the street discounting the value of BABA and YJ that the current price almost reflect the full value of the stock? As shareholders, we have the right to know.
It does not have to be rock bottom prices. But unfortunately, with no growth and declining revenues, you cannot demand a premium price. The bottom line, MM and the board have failed the shareholders for the past 4 years and they need to go. If not for Yang, it could have been worst.
Yahoo is being cannibalized. The sale process looks very sad. I wonder if this is what the founders Yang/FILO wants to happen in the end. They should have sold the core assets lock, stock and barrel. Yahoo Internet business with new leadership maybe would have survived.or least make some progress.
Preliminary bidding to end middle of June. So I assume there will be additional rounds. Why didn't yahoo set this up earlier concurrent with the first auction. What is next? Real estate, royalties from YJ, It looks like that MM and the board would like to stretch the sale of the core assets as long as they can.
So when are they going to auction MM Oscar De La Renta wardrobe collection?
I wonder how the large institutions will vote. I think that the needle for yhoo share price for an upside is greater when the old board members are fired than the outcome of the sale of the core assets. A change is desperately needed.
It seems that a round is added after an end of each round? Bidders will eventually bid lower or no longer be interested as expectations from yahoo's core assets are lowered.