Sunday, November 9, 2008

Yahoo waste of 110,000,000 U.S. dollars of consultancy fees

Google search ads cancellation of co-operation, and Ballmer said Microsoft has no intention to buy Yahoo again, so that Yahoo into an awkward position. The latest documents show that Yahoo for cooperation between the two external advisory fees as high as 110,000,000 U.S. dollars.


A few days ago, Yahoo with the Securities and Exchange Commission 10Q documents, which revealed the above information.

Yahoo said in the document: "in the third quarter and the pre-September earnings have been calculated in another 37,000,000 U.S. dollars and the cost of 73,000,000 U.S. dollars, respectively, for these two expenses for the acquisition, Microsoft, Google, as well as advertising, as well as to pay External advice and counsel fees. "

Media pointed out that the Yahoo-related expenses not to the end. At present, there are five investors were brought to Yahoo, Yahoo is the reason for ignoring the interests of investors, rejected Microsoft's acquisition of high-premium program.

Early February, Microsoft announced the acquisition of Yahoo, Google, Yahoo subsequently agreed to propose cooperation in the search advertising, but this cooperation was opposed to the U.S. Department of Justice. In the meantime, Yahoo's board of directors election, in World War II and Icahn's agent, Yahoo once again had to recruit from outside consultants

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