AllThingsD » acquisition deal http://allthingsd.com Sun, 12 Feb 2012 02:05:24 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Google Take All http://allthingsd.com/20080812/google-take-all/ http://allthingsd.com/20080812/google-take-all/#comments Tue, 12 Aug 2008 18:00:02 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=3158

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]]> http://allthingsd.com/20080812/google-take-all/feed/ 0 Well, That Was $36 Million Well Spent … http://allthingsd.com/20080812/well-that-was-36-million-well-spent/ http://allthingsd.com/20080812/well-that-was-36-million-well-spent/#comments Tue, 12 Aug 2008 12:37:41 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=3110 $36 million. That’s what Yahoo spent in the first half of 2008 for outside counsel on Microsoft’s (MSFT) unsolicited takeover offer and the debacle that followed. “We incurred incremental costs of $36 million primarily for outside advisers related to Microsoft’s proposals to acquire all or a part of the Company, other strategic alternatives, the recently resolved proxy contest, and related litigation defense costs,” Yahoo disclosed in a recent filing with the Securities and Exchange Commission.

$36 million. That’s quite a sum, and one that doesn’t even begin to reflect costs in employee attrition, shareholder confidence and other intangibles–Carl Icahn voodoo dolls, company founder cognitive therapy, etc. $36 million to fumble a deal that would have put a premium of more than 62 percent on the share price of a floundering Internet pioneer. $36 million spent on advisory services for an acquisition deal that was well within reach, but never consummated.

$36 million to walk away from $47.5 billion. And we haven’t yet seen costs for July and Yahoo’s (YHOO) annual meeting. That should set the company back another million in uneaten pastry alone.

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