Aoyama is still there, How Many Suns.
Once the giant Yahoo has been selling for a long time, some of its assets or businesses have been sold, but the core business is still in the stage of talks. However, according to foreign media reports, sources who do not want to be named said that the Yahoo Board of Directors will determine the final bid price today, including its search engine, e-mail, advertising and media operations, including Yahoo's Internet business.
As of March 31 this year, Yahoo had 35.5 million unexercised restricted shares outstanding. According to Yahoo's current share price, these stocks have a value of US$1.3 billion. In addition, Yahoo also has 5.4 million shares of outstanding stock options. Only Yahoo's top four executives, including Mayer, will receive a total of approximately $100 million in compensation if they are dismissed, including two-year stock awards.
The Wall Street Journal estimates that, including intellectual property and real estate, the business will sell for US$6 billion. Brian Wieser, an analyst at Pivotal Research, a research firm, estimates that Yahoo’s operations are worth $3.5 billion. Yahoo’s share price has shown upward momentum this year due to speculation that Yahoo will sell itself.
Today, although Yahoo’s website has more than 1 billion monthly unique visitors, users stay on the company’s website for a relatively short period of time. For the past four years we have seen that Yahoo CEO Marissa Mayer has been working very hard to reinvigorate Yahoo, but due to a series of strategic and managerial mistakes, the Internet company Still unable to successfully embark on the difficult dilemma of the past 10 years. Today, Meier will also draw a full stop on Yahoo's efforts.
Yahoo is also a traditional Internet company in Silicon Valley. Since the exploration began in February this year, Yahoo has attracted several bids. But seeking to sell itself was suspended in the spring of this year when the company settled a dispute with its shareholder and hedge fund Starboard Value. Yahoo eventually agreed to give the agency shareholders four board seats.
It is reported that so far, Yahoo's offer for the above business include: telecom giant Verizon Communications and AT&T, several private equity firms, the United States's largest online retail mortgage company Quicken Loans co-founder Dan Gilbert. Gilbert will receive financial support from Buffett's Berkshire Hathaway company.
Maybe a lot of people are curious that Yahoo has fallen to this point, why do so many giants look at her. In fact, for different buyers, the purpose of acquiring Yahoo's business is also different. For example, the operator Verizon may merge the acquired Yahoo business with its subsidiary AOL. Some private companies hope to significantly reduce costs by integrating Yahoo’s current relatively stable user base.
As of March 31 this year, Yahoo had 9,400 employees, which did not include the number of employees who had been scheduled to cut this year. In order to prevent employee turnover in the past year, Mayer and Yahoo's board of directors gave employees a large number of stock awards. These bidders are worried that if Yahoo continues to lay off workers, they still need to pay a large amount of severance costs.
In addition, investors may be most concerned about the dispute between Yahoo and Alibaba and Yahoo Japan. It is understood that Yahoo! owns 15% of Alibaba's shares and its market value reaches 31 billion U.S. dollars. Yahoo! holds a 35.5% stake in Yahoo Japan Co., Ltd., worth about $9 billion. The process of dealing with these shares may take several months because of the complex tax burden and legal issues that accompany it. How will Yahoo deal with and use its Alibaba and Yahoo Japan companies to profit? This is an important factor affecting its stock price.