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Yahoo on Tumblr Deal: We need lawyers, not bankers.

http://dealbook.nytimes.com/2013/05/20/tumblr-deal-was-a-pri...
Adventurous Bronze Box Office
  05/20/13
Good. Fuck bankers
olive titillating windowlicker background story
  05/20/13
http://i.imgur.com/PELYqNV.jpg I am good at dealing with ...
Adventurous Bronze Box Office
  05/20/13
"The only bigger transactions were the company’s takeov...
topaz demanding pervert
  05/20/13
You can't always (ahem, ever) win.
Adventurous Bronze Box Office
  05/20/13
Cuban: The fuck I can't. http://i.imgur.com/yl5LRDJ.jpg
Adventurous Bronze Box Office
  05/20/13
Mark Cuban LITERALLY loling all the way to the bank
swashbuckling kitchen
  05/20/13
http://money.cnn.com/1999/04/01/deals/yahoo/
topaz demanding pervert
  05/20/13
amazing that just 15 years ago you could sell a totally non-...
swashbuckling kitchen
  05/20/13
http://i.imgur.com/t8dZTHb.jpg
Adventurous Bronze Box Office
  05/20/13
"Yahoo!, one of the biggest gateways, or portals, to th...
Gaped Fishy Office
  05/20/13
Overture worked out for them
vivacious sandwich hospital
  05/20/13
Geocities sooo didn't
idiotic pea-brained hunting ground dilemma
  05/20/13
isn't this a good way to get pwned by a derivative suit if t...
turquoise trip roommate
  05/20/13
I'm pretty sure the board bros can say something along the l...
frozen nibblets
  05/20/13
depends how big of a screw-up happens i guess. if you just p...
turquoise trip roommate
  05/20/13
Couldn't they hire a valuation firm to do that for a lot les...
Motley rambunctious spot psychic
  05/20/13
You're doing the wrong analysis. Not hiring bankers, or hiri...
ultramarine zippy haunted graveyard
  05/20/13
Dude. First of all, plaintiff attorneys would have sued the...
frozen nibblets
  05/20/13
And then it is a care claim and exculpated under 102(b)(7) ....
deep hell nowag
  05/21/13
*no bankers on deal* *wildly overpays for acquisition* ...
Massive exhilarant abode
  05/20/13
The bankers that were on the deal are notoriously terrible, ...
ultramarine zippy haunted graveyard
  05/20/13
Bro could it really get any worse than it already is?
turquoise trip roommate
  05/20/13
Yes. Have you ever dealt with a woman in the 6-12 months aft...
ultramarine zippy haunted graveyard
  05/20/13
"and she's pulled a couple insane stunts already" ...
Adventurous Bronze Box Office
  05/20/13
How common is it for a deal over 100m+ to not involve banker...
Pale hairless stain
  05/20/13
Very, very uncommon, especially if there's a public company ...
ultramarine zippy haunted graveyard
  05/20/13
Doesn't Yahoo already have a few people who can use Excel?
Adventurous Bronze Box Office
  05/20/13
Buyers don't get sued do they?
yapping buff dopamine
  05/20/13
Ask HP.
ultramarine zippy haunted graveyard
  05/21/13
Some mega companies in tech have inhouse M&A groups that...
deep hell nowag
  05/21/13
Even those companies would almost always hire bankers for a ...
ultramarine zippy haunted graveyard
  05/21/13
What do you need bankers for when there are no revenues? Th...
disturbing coldplay fan
  05/21/13
a cawg literally running a company founded by an Asian man i...
bonkers up-to-no-good rigpig persian
  05/21/13
Because an alpha aspie white dood wanted to buy it and the A...
deep hell nowag
  05/21/13


Poast new message in this thread



Reply Favorite

Date: May 20th, 2013 12:50 PM
Author: Adventurous Bronze Box Office

http://dealbook.nytimes.com/2013/05/20/tumblr-deal-was-a-private-party-with-few-bankers-invited/

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235435)



Reply Favorite

Date: May 20th, 2013 12:51 PM
Author: olive titillating windowlicker background story

Good. Fuck bankers

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235446)



Reply Favorite

Date: May 20th, 2013 12:55 PM
Author: Adventurous Bronze Box Office

http://i.imgur.com/PELYqNV.jpg

I am good at dealing with people!

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235466)



Reply Favorite

Date: May 20th, 2013 12:56 PM
Author: topaz demanding pervert

"The only bigger transactions were the company’s takeovers of Broadcast.com ($5.7 billion), Geocities ($3.6 billion) and the ad company Overture ($1.6 billion)"

JFC



(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235470)



Reply Favorite

Date: May 20th, 2013 12:57 PM
Author: Adventurous Bronze Box Office

You can't always (ahem, ever) win.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235475)



Reply Favorite

Date: May 20th, 2013 12:58 PM
Author: Adventurous Bronze Box Office

Cuban: The fuck I can't. http://i.imgur.com/yl5LRDJ.jpg

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235481)



Reply Favorite

Date: May 20th, 2013 12:58 PM
Author: swashbuckling kitchen

Mark Cuban LITERALLY loling all the way to the bank

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235476)



Reply Favorite

Date: May 20th, 2013 12:58 PM
Author: topaz demanding pervert

http://money.cnn.com/1999/04/01/deals/yahoo/

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235478)



Reply Favorite

Date: May 20th, 2013 12:58 PM
Author: swashbuckling kitchen

amazing that just 15 years ago you could sell a totally non-viable, unprofitable business for $6 Billion

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235486)



Reply Favorite

Date: May 20th, 2013 12:59 PM
Author: Adventurous Bronze Box Office

http://i.imgur.com/t8dZTHb.jpg

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235490)



Reply Favorite

Date: May 20th, 2013 1:20 PM
Author: Gaped Fishy Office

"Yahoo!, one of the biggest gateways, or portals, to the Internet"

rofl cuck

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235566)



Reply Favorite

Date: May 20th, 2013 1:34 PM
Author: vivacious sandwich hospital

Overture worked out for them

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235628)



Reply Favorite

Date: May 20th, 2013 1:38 PM
Author: idiotic pea-brained hunting ground dilemma

Geocities sooo didn't

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235640)



Reply Favorite

Date: May 20th, 2013 1:46 PM
Author: turquoise trip roommate

isn't this a good way to get pwned by a derivative suit if things go south

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235670)



Reply Favorite

Date: May 20th, 2013 2:15 PM
Author: frozen nibblets

I'm pretty sure the board bros can say something along the lines of "it's all good, we were exercising our judgment of business" and that should've good enough.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235849)



Reply Favorite

Date: May 20th, 2013 2:23 PM
Author: turquoise trip roommate

depends how big of a screw-up happens i guess. if you just paid over double for a company and the books are a mess and you realize afterward you just spent a billion on almost nothing -- and a banker could have easily done a valuation and told you that you were insane to pay $1 bill+ -- i'm not sure it would be enough to be like "hey bros it was my business judgment that we shouldn't engage experts to value a $1 billion+ acquisition!"

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235895)



Reply Favorite

Date: May 20th, 2013 2:56 PM
Author: Motley rambunctious spot psychic

Couldn't they hire a valuation firm to do that for a lot less than the cost of having bankers run the deal?

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23236096)



Reply Favorite

Date: May 20th, 2013 2:26 PM
Author: ultramarine zippy haunted graveyard

You're doing the wrong analysis. Not hiring bankers, or hiring shitty ones without a name brand, is probably enough to get a judge to entertain a lawsuit. The goal in a deal like this is not to win a lawsuit, it's not to get sued in the first place.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235909)



Reply Favorite

Date: May 20th, 2013 2:46 PM
Author: frozen nibblets

Dude. First of all, plaintiff attorneys would have sued them with of without the bankers. They sue them for everything conceivable. In order to get over the BJR they'd basically need to show that these guys were grossly negligent. Good f'ing luck.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23236023)



Reply Favorite

Date: May 21st, 2013 12:19 AM
Author: deep hell nowag

And then it is a care claim and exculpated under 102(b)(7) ....



(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239688)



Reply Favorite

Date: May 20th, 2013 1:56 PM
Author: Massive exhilarant abode

*no bankers on deal*

*wildly overpays for acquisition*

*wonders why company has been shit for 10 years*

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235721)



Reply Favorite

Date: May 20th, 2013 2:06 PM
Author: ultramarine zippy haunted graveyard

The bankers that were on the deal are notoriously terrible, too. Marissa Mayer is going to drive this company into the ground.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235793)



Reply Favorite

Date: May 20th, 2013 2:12 PM
Author: turquoise trip roommate

Bro could it really get any worse than it already is?

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235831)



Reply Favorite

Date: May 20th, 2013 2:21 PM
Author: ultramarine zippy haunted graveyard

Yes. Have you ever dealt with a woman in the 6-12 months after childbirth? I'm all for workplace and gender equality but asking such a sack of raging hormones to "shake things up" to turn around a company seems like a colossal mistake and she's pulled a couple insane stunts already.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235886)



Reply Favorite

Date: May 20th, 2013 11:53 PM
Author: Adventurous Bronze Box Office

"and she's pulled a couple insane stunts already"

Are you talking about that shitty company she bought from a teenager?

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239502)



Reply Favorite

Date: May 20th, 2013 2:19 PM
Author: Pale hairless stain

How common is it for a deal over 100m+ to not involve bankers (any one party)? What about for 1bn+?

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235878)



Reply Favorite

Date: May 20th, 2013 2:22 PM
Author: ultramarine zippy haunted graveyard

Very, very uncommon, especially if there's a public company involved since the board has all kinds of duties to public shareholders. If any of you bros are plaintiff-side securities class action lawyers you should file ASAP.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23235892)



Reply Favorite

Date: May 20th, 2013 3:13 PM
Author: Adventurous Bronze Box Office

Doesn't Yahoo already have a few people who can use Excel?

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23236199)



Reply Favorite

Date: May 20th, 2013 11:56 PM
Author: yapping buff dopamine

Buyers don't get sued do they?

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239520)



Reply Favorite

Date: May 21st, 2013 12:40 AM
Author: ultramarine zippy haunted graveyard

Ask HP.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239864)



Reply Favorite

Date: May 21st, 2013 12:20 AM
Author: deep hell nowag

Some mega companies in tech have inhouse M&A groups that function as bankers so not unheard of.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239698)



Reply Favorite

Date: May 21st, 2013 12:40 AM
Author: ultramarine zippy haunted graveyard

Even those companies would almost always hire bankers for a billion dollar deal.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239859)



Reply Favorite

Date: May 21st, 2013 1:18 AM
Author: disturbing coldplay fan

What do you need bankers for when there are no revenues? This is all just wild guessing at how yahoo can monetize their base

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23240088)



Reply Favorite

Date: May 21st, 2013 12:51 AM
Author: bonkers up-to-no-good rigpig persian

a cawg literally running a company founded by an Asian man into the ground, why?

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239946)



Reply Favorite

Date: May 21st, 2013 12:53 AM
Author: deep hell nowag

Because an alpha aspie white dood wanted to buy it and the Asian did not sell and a jew got mad and everyone ditched the Asian guy.

(http://www.autoadmit.com/thread.php?thread_id=2261167&forum_id=2#23239957)