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Send to email | Report: Yahoo Scrambling To Line Up AOL Deal For August Shareholder Meeting (YHOO, TWX) in General | By Silicon el 07-Jul-2008 |
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The Times Of London adds a few more details to the "Yahoo, everyone, talking to everyone" story from last week: It says that Yahoo's bankers spent the holiday weekend talking to Time Warner's bankers about an AOL deal, which it says Jerry is desperate to have in hand before the Aug. 1 shareholders meeting.
The online search engine is seeking to re-heat talks with the cable company about a possible merger with AOL, its internet arm, in a deal that could be worth as much as $10 billion ( 5 billion).
Yahoo! is trying to secure some kind of deal before its shareholders meet to vote on whether to re-elect their board on August 1... Mr Yang, advised by Goldman Sachs, the Wall Street broker, is keen to secure an alternative offer to present to shareholders at the annual meeting.
We think that of all the possible outcomes for AOL, a Yahoo deal makes the most sense, depending on how it's structured and executed. But this one -- cobbled together in haste, under pressure, so that Jerry can try to save his hide -- doesn't sound too promising, does it?
UPDATE: No AOL deal will happen before the Aug. 1 meeting, a source tells Reuters.
See Also: Microsoft to Yahoo Shareholders: Fire Board And We Might Buy Company Yahoo, Microsoft, Time Warner, News Corp Agree To Talk Forever And Do Nothing Microsoft-AOL Deal Within A Few Months

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| Ballmer says ?No? to a post-Yang Yahoo buyout | | Ending speculation that another Microsoft-Yahoo deal may be on the table after the exit of Jerry Yang, Steve Ballmer said at a Wednesday shareholder meeting “Let me be clear. We are done with all acquisition discussions with Yahoo.” His announcement sent Yahoo’s shares into a 20% nosedive, closing at $9.13 at days end. Ballmer did [...] [..] Read complete article |  | Published 20-Nov-2008 by Kelly Hodgkins in NewsBallmerMergermicrosoftYahooYang Read 0 times. More hits in  |
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| Yahoo: We Will Slay Hedge Fund Wolf Pack in Proxy Fight | A secret Yahoo (YHOO) source tells the WSJ that Yahoo thinks its shareholders will reject the Icahn proxy fight. Unless Icahn delivers a Microsoft (MSFT) transaction before the July 3 shareholder meeting, we agree.
Moreover, as we've said, we think voting against the Icahn slate in the absence of a deal is the right move: Steve Ballmer is not a moron, and if Icahn decapitates Yahoo's boa [..] Read complete article |  | Published 21-May-2008 by Silicon in MSFTYHOO Read 7 times. More hits in  |
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