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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...
Trip church building sandwich
  05/20/13
Good. Fuck bankers
bossy copper halford
  05/20/13
http://i.imgur.com/PELYqNV.jpg I am good at dealing with ...
Trip church building sandwich
  05/20/13
"The only bigger transactions were the company’s takeov...
appetizing coldplay fan national
  05/20/13
You can't always (ahem, ever) win.
Trip church building sandwich
  05/20/13
Cuban: The fuck I can't. http://i.imgur.com/yl5LRDJ.jpg
Trip church building sandwich
  05/20/13
Mark Cuban LITERALLY loling all the way to the bank
sable chest-beating turdskin step-uncle's house
  05/20/13
http://money.cnn.com/1999/04/01/deals/yahoo/
appetizing coldplay fan national
  05/20/13
amazing that just 15 years ago you could sell a totally non-...
sable chest-beating turdskin step-uncle's house
  05/20/13
http://i.imgur.com/t8dZTHb.jpg
Trip church building sandwich
  05/20/13
"Yahoo!, one of the biggest gateways, or portals, to th...
red tank
  05/20/13
Overture worked out for them
Vivacious drunken ceo rigpig
  05/20/13
Geocities sooo didn't
hideous brethren rehab
  05/20/13
isn't this a good way to get pwned by a derivative suit if t...
Turquoise Narrow-minded Den
  05/20/13
I'm pretty sure the board bros can say something along the l...
confused opaque public bath
  05/20/13
depends how big of a screw-up happens i guess. if you just p...
Turquoise Narrow-minded Den
  05/20/13
Couldn't they hire a valuation firm to do that for a lot les...
Beady-eyed gas station travel guidebook
  05/20/13
You're doing the wrong analysis. Not hiring bankers, or hiri...
beta geriatric roast beef juggernaut
  05/20/13
Dude. First of all, plaintiff attorneys would have sued the...
confused opaque public bath
  05/20/13
And then it is a care claim and exculpated under 102(b)(7) ....
Irate Khaki State Affirmative Action
  05/21/13
*no bankers on deal* *wildly overpays for acquisition* ...
Useless senate
  05/20/13
The bankers that were on the deal are notoriously terrible, ...
beta geriatric roast beef juggernaut
  05/20/13
Bro could it really get any worse than it already is?
Turquoise Narrow-minded Den
  05/20/13
Yes. Have you ever dealt with a woman in the 6-12 months aft...
beta geriatric roast beef juggernaut
  05/20/13
"and she's pulled a couple insane stunts already" ...
Trip church building sandwich
  05/20/13
How common is it for a deal over 100m+ to not involve banker...
Cyan elite heaven
  05/20/13
Very, very uncommon, especially if there's a public company ...
beta geriatric roast beef juggernaut
  05/20/13
Doesn't Yahoo already have a few people who can use Excel?
Trip church building sandwich
  05/20/13
Buyers don't get sued do they?
anal fanboi sex offender
  05/20/13
Ask HP.
beta geriatric roast beef juggernaut
  05/21/13
Some mega companies in tech have inhouse M&A groups that...
Irate Khaki State Affirmative Action
  05/21/13
Even those companies would almost always hire bankers for a ...
beta geriatric roast beef juggernaut
  05/21/13
What do you need bankers for when there are no revenues? Th...
Swashbuckling shimmering generalized bond temple
  05/21/13
a cawg literally running a company founded by an Asian man i...
Jade bbw cruise ship
  05/21/13
Because an alpha aspie white dood wanted to buy it and the A...
Irate Khaki State Affirmative Action
  05/21/13


Poast new message in this thread



Reply Favorite

Date: May 20th, 2013 12:50 PM
Author: Trip church building sandwich

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: bossy copper halford

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: Trip church building sandwich

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: appetizing coldplay fan national

"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: Trip church building sandwich

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: Trip church building sandwich

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: sable chest-beating turdskin step-uncle's house

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: appetizing coldplay fan national

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: sable chest-beating turdskin step-uncle's house

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: Trip church building sandwich

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: red tank

"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 drunken ceo rigpig

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: hideous brethren rehab

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 Narrow-minded Den

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: confused opaque public bath

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 Narrow-minded Den

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: Beady-eyed gas station travel guidebook

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: beta geriatric roast beef juggernaut

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: confused opaque public bath

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: Irate Khaki State Affirmative Action

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: Useless senate

*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: beta geriatric roast beef juggernaut

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 Narrow-minded Den

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: beta geriatric roast beef juggernaut

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: Trip church building sandwich

"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: Cyan elite heaven

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: beta geriatric roast beef juggernaut

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: Trip church building sandwich

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: anal fanboi sex offender

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: beta geriatric roast beef juggernaut

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: Irate Khaki State Affirmative Action

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: beta geriatric roast beef juggernaut

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: Swashbuckling shimmering generalized bond temple

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: Jade bbw cruise ship

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: Irate Khaki State Affirmative Action

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)