Hey guys what are your thoughts on Yahoo's situation. Do you think the board will try and squeeze too much from the buyout and in turn have the deals collapse and disappoint (again)? Or do you think they'll actually get a deal done with Alibaba/PE firms?
The deal gets done, but not at much of a premium to $16. There will be 1 bidder who will comprise of several PE shops and Alibaba and Softbank. YHOO's board (really Jerry Yang) will try to fuk it up but this time there are more activist shareholders who will push it through. My opinion.
Yeah I feel like something will probably get done (what that ends up being we'll see) and how flattering it is (also to be seen). But I don't think the board and bigger shareholders will let another deal slip past them. Anyone think it'll go to $20 IF a deal is done?
No one party wants or can swallow all of YHOO. So you can only basically have 1 bid with each person taking the pieces that they want. That doesn't bode well for a high price.