LOS ANGELES, WEDNESDAY - Drag overextend between Yahoo and Microsoft still continues. One of the largest owners of Yahoo shares, Ivory Investment Management LP agree urgent Yahoo sales executive search business to Microsoft.
"We are very sorry to see this company not only misrule, mismanagement, but also, in our opinion, namely bonafide offer from Microsoft to mengakusisi entire company for 31 U.S. dollars per sheet," said the statement, such as Ivory This AP. The company that controls the 21.4 million shares, or 1.5 percent of Yahoo shares it urgent that a new executive order is too rigid and do not consider suggestions investors.
In the recommendation letter sent Wednesday (10/12), the investment firm submits the proposed agreement. Microsoft can mengakusisi business search engine Yahoo, but still benefit from the 80 percent profit service on the Yahoo.
Yahoo estimates the firm will lose profits 2 billion U.S. dollars a year if the business units were sold. However, will still get 1.6 billion U.S. dollars per year for the results from the assumption that the transaction with Microsoft in the search engines to increase 20 percent. In addition, Yahoo will reduce the operational fee up to 1 billion U.S. dollars annually with the release search business unit.
Ivory says Yahoo will receive injections of funds 15 billion U.S. dollars from Microsoft is only selling the search engine platform. This will increase the value of shares up to 24-19 U.S. dollars per sheet or more than twice the share price now that only 12.19 U.S. dollars.
No comment yet from Yahoo and Microsoft executives about the proposal. However, Microsoft CEO Steve Ballmer has said that the party is not interested mengakusisi Yahoo overall, but still interested to work with Yahoo to buy business units, including search engines.
Paid to Click
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment