 By Silicon
el 23-Apr-2008 |
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 Amid all the hair-splitting and hemming and hawing about Yahoo's droopy quarter (YHOO), one fun factoid escaped notice: Yahoo revealed how much it has already paid advisors to fend off Microsoft's unwanted advance: $14 million:
Operating income before depreciation, amortization, and stock-based
compensation expense for the first quarter of 2008 includes incremental costs of $14 million incurred for outside advisors related
to Microsoft's unsolicited proposal, other strategic alternatives, and
related litigation defense costs.
Even if the deal falls apart, the ongoing expenses will be significant enough that Yahoo's CFO Blake Jorgensen made sure to note that Yahoo's forward guidance excludes them. And if the deal goes through? We estimate that Yahoo's and Microsoft's investment bankers alone will run off with a additional $300 million.
See Also: Microsoft-Yahoo Bankers Worth $300 Million in Fees?
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