Verizon can't even keep it's union employees in check. How the hell are they going to improve a failed search engine?!
Verison investors do not look very exited. The stock is down for second day in a row. YHOO declined yesterday and it looks like it could be down by the end of today's session.
Of course they don't. Would you be "excited" if you held stock in some business which had decided to buy Yahoo, for a huge amount of money? I'd be looking for an opportunity to off-load the stock and get out as quickly as possible, myself.
Honestly, I don't think the majority move down in VZ today is due to the YHOO takeover. It seems most interest-rate sensitive equities today like utilities and other telcoms are selling off too. Also, $5B is actually kind of "small" in relation to VZ's market cap.
Agree with you, however, many takeovers push stock up strongly when investors consider it as a good deal. Unfortunately, neither yahoo nor Verizon investors consider it as a good deal. At leat it looks like it.
Verizon will really get a good resource as Yahoo, I would even say a valuable resource. And I also guess that it will be a new improved service with a new name. Well, during the time we'll see it.
Yahoo CEO interview - some of the comments left there made me laugh but I know they're not jokes...looks like she is determined to lead Verizon. So she was a former CEO at google...
The Yahoo sold its “core business” to Verizon for $4.8 billion. However, the remaining assets of Yahoo are actually much bigger than the “core business”. Most of the company’s $36.4 billion market value comes from the 15% stake in an online commerce company Alibaba Group Holdings and 35.5% in the joint venture with Yahoo Japan Corp.