Deal Talks Between Yahoo! (YHOO) and Asian Holders Now Off
Tweet
Share
E-mail
Get Alerts YHOO Hot Sheet
Join SI Premium – FREE
Shares of Yahoo! (Nasdaq: YHOO) are now down 6.5 percent following a report from AllThingsD's Kara Swisher which rumors the deal talks related to Yahoo!'s Asian assets are now off.
According to Swisher's sources, discussions between Yahoo! and Asian partners Alibaba and Softbank have hit a severe snag as terms of the so-called "cash-rich split-off" cannot be agreed upon.
The NYTime's Dealbook said the deal collapsed on Monday. The Dealbook source has said Softbank may reach out to Yahoo!'s new CEO Scott Thompson in order to consider an alternative transaction.
Yahoo! shares last traded at $15.16.
According to Swisher's sources, discussions between Yahoo! and Asian partners Alibaba and Softbank have hit a severe snag as terms of the so-called "cash-rich split-off" cannot be agreed upon.
The NYTime's Dealbook said the deal collapsed on Monday. The Dealbook source has said Softbank may reach out to Yahoo!'s new CEO Scott Thompson in order to consider an alternative transaction.
Yahoo! shares last traded at $15.16.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- S&P Weighs Multibillion-Dollar Spinout of Data Platform CapIQ - Bloomberg
- Cresco Labs buys nine Pennsylvania dispensaries for $50M
- Cascadero Copper to sell subsidiary to Lumina Copper for up to $19M
Create E-mail Alert Related Categories
Mergers and Acquisitions, Momentum Movers, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
