Yahoo! Paid $79 Million To Financial Advisors Last Year
Last year Yahoo! paid about $79 million to outside financial advisors when they needed help with the Microsoft deal. The advisors were also paid for “other strategic alternatives, including the Google agreement.” As all of you know the Microsoft and Google deal both did not work in Yahoo!’s favor whatsoever.
Goldman Sachs and Lehman Brothers were the advisers at the time. Lehman’s investment arm is now a part of Barclays capital Plc. This was revealed in a report with the SEC. About 5 separate lawsuits were made against Yahoo! last year that were related to Microsoft’s bid offer.
[via Reuters]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry