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SoftBank looking to get out of 20 year old Yahoo deal

     
9:19 am on Apr 7, 2016 (gmt 0)

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https://recode.net/2016/04/07/softbank-240-million-fees-yahoo-end-acquisition/ [recode.net]

SoftBank Is More Interested in Ending $240 Million Annual Fees to Yahoo Than in Buying It

Since Yahoo Japan dumped Yahoo search, SoftBank has paid what amounts to an annual $120 million vig as recompense for getting out of that deal. Simply put, free money for nothing.

But that sweet arrangement is ending in 2017, which will mean a big hit to Yahoo’s results since the fees are pure profit.
9:52 am on Apr 7, 2016 (gmt 0)

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That ain't workin' that's the way you do it
Money for nothin' and chicks for free.
(Get your) Money for nothin' chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free
Money for nothin' chicks for free