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Yahoo have get out clause in the Inktomi deal
Jillibert



 
Msg#: 1085 posted 12:06 pm on Jan 9, 2003 (gmt 0)

All might not be as rosy in this acquisition as first thought.

Yahoo revealed tonight they have a get out clause in the INKT deal........INKT have to pay Yahoo $11.6m if the deal does not proceed.

I think this news raises more questions then answers and could very well leave INKT in no mans land.

Unusual development.

 

NFFC

WebmasterWorld Senior Member nffc us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 1085 posted 12:10 pm on Jan 9, 2003 (gmt 0)

>Unusual development.

hehe, standard practice and been in place since the deal was floated.

heini

WebmasterWorld Senior Member heini us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 1085 posted 12:10 pm on Jan 9, 2003 (gmt 0)

>Yahoo revealed tonight
Any sources?

DaveN

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 1085 posted 12:10 pm on Jan 9, 2003 (gmt 0)

[sg.biz.yahoo.com...]

Tor

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 1085 posted 12:21 pm on Jan 9, 2003 (gmt 0)

Is this a sort of penalty if the deals goes sour?

Jillibert



 
Msg#: 1085 posted 5:37 pm on Jan 9, 2003 (gmt 0)

I think it is unusual because one would think if Yahoo were the deal initiator they would have to pay.........makes me now think INKY went to Yahoo.

Yahoo just had the get out clause pput in if in due diligence found some nasties.

Might be quite normal but my money is on a major development coming from this...........and if INKT have to pay out $11.2m they will be gone.

john316

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 1085 posted 5:49 pm on Jan 9, 2003 (gmt 0)

It's pretty much standard fine print.

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