buy facebook likes
Published On: Sat, Jul 16th, 2016

Could Yahoo, In Dire Straits, Walk Away From Low-Ball Offer?

Yahoo (YHOO) revenue and profit are expected to plunge when it reports Q2 results on Monday, but one analyst doesn’t rule out the possibility of the web portal walking away from takeover offers just the same.

Final bids for Yahoo’s core internet and advertising businesses are also due Monday, with Verizon Communications (VZ) in the hunt, along with a group led by Quicken Loans co-founder Dan Gilbert. Verizon would merge Yahoo with AOL, which it acquired in 2015. Gilbert’s group has the backing of Warren Buffett’s Berkshire Hathaway (BRKB).

The sales process has dragged on since March. Most reports have cited bids in a range of $4 billion to $6 billion for Yahoo’s core internet assets, real estate and patents. AT&T (T) and private equity firm PG Capital also might be in the mix.

Analysts polled by Thomson Reuters estimate that Yahoo’s Q2 revenue will fall 13% to $1.08 billion while EPS plummets 40% to 10 cents. While Yahoo seems in dire straits, its Asian investments may provide some leeway, says Robert Peck, an analyst at SunTrust Robinson Humphrey.

“At some price level, the board may feel it is better to simply spin off the core to shareholders in Read Full Article

Source: Technology – IBD

Best Silver Coin Prices Online

About the Author

TheNewsDoctors

- Breaking World-Wide, Finance, and Natural Health News 24/7.

Categories