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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...
doobsian tattoo
  05/20/13
Good. Fuck bankers
puce know-it-all mediation church
  05/20/13
http://i.imgur.com/PELYqNV.jpg I am good at dealing with ...
doobsian tattoo
  05/20/13
"The only bigger transactions were the company’s takeov...
Ruddy 180 Chad
  05/20/13
You can't always (ahem, ever) win.
doobsian tattoo
  05/20/13
Cuban: The fuck I can't. http://i.imgur.com/yl5LRDJ.jpg
doobsian tattoo
  05/20/13
Mark Cuban LITERALLY loling all the way to the bank
cowardly big lodge
  05/20/13
http://money.cnn.com/1999/04/01/deals/yahoo/
Ruddy 180 Chad
  05/20/13
amazing that just 15 years ago you could sell a totally non-...
cowardly big lodge
  05/20/13
http://i.imgur.com/t8dZTHb.jpg
doobsian tattoo
  05/20/13
"Yahoo!, one of the biggest gateways, or portals, to th...
Self-absorbed mad-dog skullcap cumskin
  05/20/13
Overture worked out for them
poppy unholy university
  05/20/13
Geocities sooo didn't
jet aggressive locale
  05/20/13
isn't this a good way to get pwned by a derivative suit if t...
Translucent Stubborn Persian Native
  05/20/13
I'm pretty sure the board bros can say something along the l...
Motley saffron theater
  05/20/13
depends how big of a screw-up happens i guess. if you just p...
Translucent Stubborn Persian Native
  05/20/13
Couldn't they hire a valuation firm to do that for a lot les...
angry theater stage trust fund
  05/20/13
You're doing the wrong analysis. Not hiring bankers, or hiri...
razzle menage regret
  05/20/13
Dude. First of all, plaintiff attorneys would have sued the...
Motley saffron theater
  05/20/13
And then it is a care claim and exculpated under 102(b)(7) ....
Passionate Son Of Senegal
  05/21/13
*no bankers on deal* *wildly overpays for acquisition* ...
Cobalt exhilarant hospital philosopher-king
  05/20/13
The bankers that were on the deal are notoriously terrible, ...
razzle menage regret
  05/20/13
Bro could it really get any worse than it already is?
Translucent Stubborn Persian Native
  05/20/13
Yes. Have you ever dealt with a woman in the 6-12 months aft...
razzle menage regret
  05/20/13
"and she's pulled a couple insane stunts already" ...
doobsian tattoo
  05/20/13
How common is it for a deal over 100m+ to not involve banker...
Idiotic Boistinker
  05/20/13
Very, very uncommon, especially if there's a public company ...
razzle menage regret
  05/20/13
Doesn't Yahoo already have a few people who can use Excel?
doobsian tattoo
  05/20/13
Buyers don't get sued do they?
Fluffy Quadroon
  05/20/13
Ask HP.
razzle menage regret
  05/21/13
Some mega companies in tech have inhouse M&A groups that...
Passionate Son Of Senegal
  05/21/13
Even those companies would almost always hire bankers for a ...
razzle menage regret
  05/21/13
What do you need bankers for when there are no revenues? Th...
curious umber meetinghouse
  05/21/13
a cawg literally running a company founded by an Asian man i...
Painfully Honest School Cafeteria Really Tough Guy
  05/21/13
Because an alpha aspie white dood wanted to buy it and the A...
Passionate Son Of Senegal
  05/21/13


Poast new message in this thread



Reply Favorite

Date: May 20th, 2013 12:50 PM
Author: doobsian tattoo

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: puce know-it-all mediation church

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: doobsian tattoo

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: Ruddy 180 Chad

"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: doobsian tattoo

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: doobsian tattoo

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: cowardly big lodge

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: Ruddy 180 Chad

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: cowardly big lodge

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: doobsian tattoo

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: Self-absorbed mad-dog skullcap cumskin

"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: poppy unholy university

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: jet aggressive locale

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: Translucent Stubborn Persian Native

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: Motley saffron theater

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: Translucent Stubborn Persian Native

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: angry theater stage trust fund

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: razzle menage regret

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: Motley saffron theater

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: Passionate Son Of Senegal

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: Cobalt exhilarant hospital philosopher-king

*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: razzle menage regret

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: Translucent Stubborn Persian Native

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: razzle menage regret

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: doobsian tattoo

"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: Idiotic Boistinker

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: razzle menage regret

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: doobsian tattoo

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: Fluffy Quadroon

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: razzle menage regret

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: Passionate Son Of Senegal

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: razzle menage regret

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: curious umber meetinghouse

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: Painfully Honest School Cafeteria Really Tough Guy

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: Passionate Son Of Senegal

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)