Yeah, my friends and I want to bid for YHOO too. I realize the current market cap is a tad more than what I have saved in my JP Morgan account. Nevertheless, I’m hoping Goldman Sachs will help finance this dream of mine, to be at the helm of one of the world’s dumbest internet companies alive.
With that in mind, the fucking Yellow Page, or “YP” as they call themselves, wants to acquire YHOO (I bet they do). The only minor stumbling block to financing the deal is YP’s paltry $1 billion valuation. They’d have a better chance if their valuation was zero.
YP is working with Goldman Sachs Group Inc. to investigate a variety of strategic alternatives, which could include acquiring smaller firms or selling itself, said the people, who asked not to be identified because the negotiations are private.
The company, controlled by Cerberus Capital Management, is valued at $1 billion to $1.5 billion, one of the people said. Its size makes it a candidate for a Reverse Morris Trust with Yahoo: a tax-free transaction in which YP would merge with a spun-off subsidiary of Yahoo’s core business, the person said. Time Inc. also considered such a transaction with Yahoo, Bloomberg reported in February.
It’s the fucking phonebook for Christ’s sake. I think it’s fair to say, potential suitors for Yahoo are now the bottom of the barrel varietal. Cerberus should go hire some teenagers to throw 5 pound phonebooks through the windows of Yahoo execs until they agree to the deal.
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Cerberus is more than capable of bringing tears, stakeholders in particular are susceptible. Around here Cerberus-owned company went bust leaving the pension 30% underfunded whilst they had all the bonds and swiped the slate clean for themselves even though equity holdings went to zero in the bankruptcy. And they sold the fucking facility after.
What’s a phone book?
I forgot.
I want to do a LBO for Facebook. Then dropkick Zuckerberg and take his job. Ahhh… love me a good daydream.
I would keep him and then threaten to take away his severance package unless he trained his replacement under the H1B- visa program.
LOL, now that’s a good one.
This is a prime example of what loose money policies bring (DOW just hit 18000 in unrelated news).
YP is junk. They want to attach themselves to Yahoo the same way lamprey’s attach themselves to sharks. In a normal world, the Lamprey could not tell the Shark waht to do. However, thanks to the Vampire squid, YP can afford to create an outrageously high bid because it really doesn’t cost them in the end. It will be hard for value-oriented bids to compete, and the stockholders will probably approve the overpriced bid so that YP can then run Yahoo into the ground.
If this deal goes through, at least it should present a low-risk shorting opportunity.
“Cerberus should go hire some teenagers to throw 5 pound phonebooks through the windows of Yahoo execs until they agree to the deal.”
Silly idea. Teens have no idea what a phone book is. They will just think you are an old man who doesn’t know the difference between an iPhone and a Macbook.
did anyone else catch the part about YP’s strategic alternative…..they want to buy yahoo, and they will sell themselves to do it. lol