$22 A Share For Yahoo

• .14% Yahoo investor, Mithras Capital, proposes that Micorosft unload Yahoo’s Asian assets and non-search businesses, extract $3 billion worth of cost savings and receive $2.8 billion of tax benefits in a chance to take over Yahoo on the cheap.
• This means that Microsoft would be buying Yahoo’s search business for $10.3 billion, which is what they are really after
• Yahoo shares down 36 percent since the start of August, a new five year low for the search giant.
• Mark Nelson, partner of Mithras Capital is sending the proposal letter Thursday night.
  

How much longer can Yahoo ignore legitmate offers as they begin to count their pennies?

Reuters

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