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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...
Marvelous burgundy stag film
  05/20/13
Good. Fuck bankers
big rehab
  05/20/13
http://i.imgur.com/PELYqNV.jpg I am good at dealing with ...
Marvelous burgundy stag film
  05/20/13
"The only bigger transactions were the company’s takeov...
Fragrant irate private investor fat ankles
  05/20/13
You can't always (ahem, ever) win.
Marvelous burgundy stag film
  05/20/13
Cuban: The fuck I can't. http://i.imgur.com/yl5LRDJ.jpg
Marvelous burgundy stag film
  05/20/13
Mark Cuban LITERALLY loling all the way to the bank
diverse sooty roommate juggernaut
  05/20/13
http://money.cnn.com/1999/04/01/deals/yahoo/
Fragrant irate private investor fat ankles
  05/20/13
amazing that just 15 years ago you could sell a totally non-...
diverse sooty roommate juggernaut
  05/20/13
http://i.imgur.com/t8dZTHb.jpg
Marvelous burgundy stag film
  05/20/13
"Yahoo!, one of the biggest gateways, or portals, to th...
rose nighttime business firm
  05/20/13
Overture worked out for them
Mind-boggling Tantric Generalized Bond
  05/20/13
Geocities sooo didn't
soul-stirring step-uncle's house
  05/20/13
isn't this a good way to get pwned by a derivative suit if t...
coiffed hominid gas station
  05/20/13
I'm pretty sure the board bros can say something along the l...
bearded principal's office
  05/20/13
depends how big of a screw-up happens i guess. if you just p...
coiffed hominid gas station
  05/20/13
Couldn't they hire a valuation firm to do that for a lot les...
stirring cuckoldry
  05/20/13
You're doing the wrong analysis. Not hiring bankers, or hiri...
clear pisswyrm
  05/20/13
Dude. First of all, plaintiff attorneys would have sued the...
bearded principal's office
  05/20/13
And then it is a care claim and exculpated under 102(b)(7) ....
Pea-brained Magical Theater Stage Sandwich
  05/21/13
*no bankers on deal* *wildly overpays for acquisition* ...
boyish flatulent legend
  05/20/13
The bankers that were on the deal are notoriously terrible, ...
clear pisswyrm
  05/20/13
Bro could it really get any worse than it already is?
coiffed hominid gas station
  05/20/13
Yes. Have you ever dealt with a woman in the 6-12 months aft...
clear pisswyrm
  05/20/13
"and she's pulled a couple insane stunts already" ...
Marvelous burgundy stag film
  05/20/13
How common is it for a deal over 100m+ to not involve banker...
lime abode
  05/20/13
Very, very uncommon, especially if there's a public company ...
clear pisswyrm
  05/20/13
Doesn't Yahoo already have a few people who can use Excel?
Marvelous burgundy stag film
  05/20/13
Buyers don't get sued do they?
know-it-all temple
  05/20/13
Ask HP.
clear pisswyrm
  05/21/13
Some mega companies in tech have inhouse M&A groups that...
Pea-brained Magical Theater Stage Sandwich
  05/21/13
Even those companies would almost always hire bankers for a ...
clear pisswyrm
  05/21/13
What do you need bankers for when there are no revenues? Th...
slate plaza
  05/21/13
a cawg literally running a company founded by an Asian man i...
Multi-colored meetinghouse
  05/21/13
Because an alpha aspie white dood wanted to buy it and the A...
Pea-brained Magical Theater Stage Sandwich
  05/21/13


Poast new message in this thread



Reply Favorite

Date: May 20th, 2013 12:50 PM
Author: Marvelous burgundy stag film

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: big rehab

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: Marvelous burgundy stag film

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: Fragrant irate private investor fat ankles

"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: Marvelous burgundy stag film

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: Marvelous burgundy stag film

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: diverse sooty roommate juggernaut

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: Fragrant irate private investor fat ankles

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: diverse sooty roommate juggernaut

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: Marvelous burgundy stag film

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: rose nighttime business firm

"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: Mind-boggling Tantric Generalized Bond

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: soul-stirring step-uncle's house

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: coiffed hominid gas station

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: bearded principal's office

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: coiffed hominid gas station

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: stirring cuckoldry

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: clear pisswyrm

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: bearded principal's office

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: Pea-brained Magical Theater Stage Sandwich

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: boyish flatulent legend

*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: clear pisswyrm

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: coiffed hominid gas station

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: clear pisswyrm

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: Marvelous burgundy stag film

"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: lime abode

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: clear pisswyrm

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: Marvelous burgundy stag film

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: know-it-all temple

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: clear pisswyrm

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: Pea-brained Magical Theater Stage Sandwich

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: clear pisswyrm

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: slate plaza

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: Multi-colored meetinghouse

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: Pea-brained Magical Theater Stage Sandwich

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)