Yahoo will win, Icahn will lose #
Posted Friday 23rd May 2008 14:56 GMT
Once he puts his asset strippers in place, what then?
He can't break it up and sell the parts because they depend on each other for the traffic.
As a whole the only company with enough money to pay for it is Microsoft. If Yahoo board that grew the business can't extract a big enough fee, what makes him think he can with his subpar board in charge?
So what price does he think he'll get, $31 a share? 28? 24? 18?...5?
First lesson of selling, you never enter a negotiation fixed on one outcome. So you'd be stupid to put in a board focussed on a fixed outcome.


