Yahoo's Microsoft Self-Defense Bill: $14 Million and Counting...

Henry Blodget | April 23, 2008 2:35 PM

steveballmer3.jpgAmid 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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16 Comments

Jane said:
so just imagine how much MSFT has paid. But I bet they will hide a big part of it :))

Sudheer said:
The advisers to Yahoo have barely earned that money - I wish somebody would cover the fact that these highly compensated advisers to Yahoo are being browbeaten by those of MSFT.
Messa said:
$300 million?....Damn, I'm in the wrong business.
Dave said:
With such a high incentive to see this deal close how could Y!'s advisers be saying anything other than "Give up already Jerry!" Besides, if this goes to a proxy fight then it could disrupt their summer vacation plans, oh but I guess the fees will be that much higher then...
FM said:
If ya really want YHOO, I'm beggin', pull the bid. The street will then force the deal and JY will crawl to Redmond.
Jessica Simpson said:
DOJ investigating Google Yahoo outsourcing and Schmidt's phone call to Yang.

That sucks
Jessica Simpson said:
Come to think of it...DOJ interest is great...more bullshit, more delays. GOOG wins.

Longer it takes, the biggger GOOG's take
Jessica Simpson said:
I can't fathom why Yahoo is not free to explore all of its options for increasing revenue and cash flow. If it does not involve a marger or collusion (thus the interest in the phone call) it is none of the DOJ's business.

But then again I am just a ditzy, busty dwarf.
really said:
So when is Yahoo buying AOL?
Jessica Simpson said:
About 11 minutes after MSFT goes hostile.
Messa said:
OK, Henry....we've talked about the pictures of Ballmer before, but this is beyond the pale.

The man is sweating like a pig ....an overweight, balding pig ...and it's one of the most disgusting things I have ever seen in my life.

Christ, I may never eat again.
Gordon said:
$14M? that's nothing. that's how much ballmer spends on underwear, deodorant, and toilet paper in a year.

henry - i think you're going bald.
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jessika (URL) said:
640-802 / 642-445 / VCP-310 / 642-456 / 650-251 / 646-363Yahoo's Microsoft Self-Defense Bill: $14 Million and Counting... Just pretend I didn't say anything. I'm so hurry that I could eat a horse.

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