Wow, I'm really surprised that I've never heard of this before, not because I'm some sort of all knowing cyborg, but because its not like Yahoo acquisition talk just started last week.
This is a company that's essentially had multiple parts of it for sale for the better part of 4 years and this hasn't once come out.
I'm running through all the Yahoo corporate filings that Bloomberg has indexed and I can't find any link to this clause.
I mean this is a very material issue!
If you are to be a share holder in a company that's trying to broker a 3-4 Billion sale of some of its assets, then knowing that the buyer may be on the hook for an additional 1 billion bill probably means that the asset you thought you owned is probably worth 20-25% less than you originally thought.
Someone isn't going to be very happy with the yahoo leadership today:)
This is a company that's essentially had multiple parts of it for sale for the better part of 4 years and this hasn't once come out.
I'm running through all the Yahoo corporate filings that Bloomberg has indexed and I can't find any link to this clause.
I mean this is a very material issue!
If you are to be a share holder in a company that's trying to broker a 3-4 Billion sale of some of its assets, then knowing that the buyer may be on the hook for an additional 1 billion bill probably means that the asset you thought you owned is probably worth 20-25% less than you originally thought.
Someone isn't going to be very happy with the yahoo leadership today:)