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Yahoo have get out clause in the Inktomi deal
Jillibert




msg:830303
 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




msg:830304
 12:10 pm on Jan 9, 2003 (gmt 0)

>Unusual development.

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

heini




msg:830305
 12:10 pm on Jan 9, 2003 (gmt 0)

>Yahoo revealed tonight
Any sources?

DaveN




msg:830306
 12:10 pm on Jan 9, 2003 (gmt 0)

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

Tor




msg:830307
 12:21 pm on Jan 9, 2003 (gmt 0)

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

Jillibert




msg:830308
 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




msg:830309
 5:49 pm on Jan 9, 2003 (gmt 0)

It's pretty much standard fine print.

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