But it is becoming a bidding war between two telecom giants T and VZ. I am not so sure how far Gilbert/Buffett team will go. Who will win?
VZ still has a chance because YHOO reported that they are open to bidder who can either match or beat the highest bid ater the final bidding process. I interpreted that as YHOO would like to open to a bidder war after the final bidding process. This is reported by Bloomberg.
VZ could be out heading to the final round. But as reported by Bloomberg, VZ is saying now that he is willing to include buying real estates and patents. I guess VZ will get another chance because YHOO said they are willing to give opportunity to a bidder who is willing to either match or beat the highest bid. CFO Goldman said everything is going well.
Once you sell is done or officially announced the tag price, you will see the true market valuation of whole YHOO that is BaBA stakes + YJ stakes+ core final tag price$$$$+cash in the bank. As we all know YJ stakes valuation is steady but the BABA stakes is very volatile, day to day but again its bottom is about $30B plus/minus.
I feel sorry for Tim Armstrong. He was eager and excited to own YHOO but I think he will fail again. Problem for VZ is trying to undermine the bidding and thinking everyone will follow their strategy. Hey VZ, the stake is high, bid appropriately.
It tells us this YHOO Board as usual doing a lousy job. They screwed up many times and last one was a big one the spin off of their stakes in BABA. Now this one, hopefully they will get this thing right.
So you didn't COVER your short position. Monday could be your dreaded day for your short brokerage account. Have a nice weekend.
We are in a serious stage now and next week possible a big time news will pop up.
T or Gilbert/Buffett likely the winner as each turned in a $5B+ bid. I am wonder what Tim Armstrong is thinking who wants YHOO very badly. Do you think VZ will raise his bid? I still a bidding war will ensue in the end. This is reported by Bloomberg West this afternoon PST.