Shares of Yahoo $YHOO are off by more than -4% after Bloomberg’s Paul Sweeney reported that the recent hacking revelations may offer the massive telecom company an opportunity to walk away from the Yahoo deal.
At the least, Sweeney considers the new hack findings an opportunity to go back to the negotiation table and sweeten the deal for Verizon.
The news hit the wires like this:
Verizon Said Seriously Considering Dropping Yahoo! Deal
-Bloomberg
Not bullish.
The ongoing drama continues for the not so popular search engine company.
The initial spike lower in $YHOO shares is being bought up Thursday morning as the overall market continues rallying for the week. However, the expectation is for Yahoo shareholders to continue enduring significant pressure as Marissa Mayer and the board members of Yahoo attempt to sell their company.
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when your *only* viable option is putting the company up for sale….why would someone buy, and for a premium to the current trade price, at that?
How is this POS still traded? I don’t know a single person who actually uses that site. This site could close today and nobody would notice. I just have never understood why and how it keeps on going. It’s just junk. Trump doesn’t even use it.
Yahoo finance has its moments
I go to Yahoo Finance for quick quotes and basic info. Seems like so many other sites are becoming less desktop PC friendly and have non-stop pop-up ads etc. Yahoo Finance gets the job done for what little I expect from it.
About Mayer and her privileged class of people… reasonably intelligent everyday people can be flummoxed that a wealthy executive accepts a high paying job, screws up the company to the tune of billions, and then leaves with more wealth than before.
This is not the way it works for most people in the country.
If I may be tacky…. many, many women would be just as attractive as Marissa Mayer if the non-stop necessities and chores of their daily living were handled by others.
Yet another tech company run into the ground by a media darling female CEO that is so awesome simply because she has tits and ass.
You got a problem with tits and ass?