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The author:(作者)aaa
published in(发表于) 2014/9/20 11:59:07
Yahoo search is worthless，

Worthless-Yahoo search Yahoo, Alibaba, Ali IPO-IT information
Yahoo search is worthless

On September 19, the Alibaba Group's shares list on the New York Stock Exchange trading day prices 40%. Alibaba's major shareholder Yahoo, Chinese investors appeared called "good is bad". The same day, Yahoo shares plunging nearly 3%, according to media estimates, Yahoo portal, search, and the actual value of assets, was "a $ 500 million" not worthless, it will give Yahoo head of Mayer, bringing enormous pressure.

Alibaba listing, Yahoo and downs. Joy lies under the agreement, Yahoo can sell in the offering 4.9% per cent of Alibaba, will receive $ 8.28 billion in cash, sold complete, Yahoo still holds 16.3% shares.

Apparently, $ 8.3 billion in cash, in addition to feedback outside of Yahoo shareholders, will also be required to give Mayer Yahoo business development "funding ammunition."

However, with the equity part of Alibaba cash, Yahoo Web site valuations, were carried on a desktop.

Tencent technology by us stock market saw Friday, Yahoo's share price plummeted 2.74%, slightly lower in after-hours trading. Yahoo's shares closed that day at $ 40.93, the current market capitalisation of US $ 40.7 billion.

According to the United States for financial technology website BusinessInsider analysis, many Yahoo investors hoped Yahoo shares, and enjoy the company of "IPO bonus", now listing complete, they naturally want to sell their shares.

Rough calculations suggest that Yahoo's asset value, has been negative. Here is a simple calculation procedure:

--Yahoo today has a market value of $ 40 billion, calculated site assets, the removal of Yahoo's cash selling Alibaba and Yahoo "Yahoo Japan" the shareholder value of the company (valued at US $ 5 billion).

--Yahoo is still holding nearly 400 million shares of company stock, shares in the $ 90 level, the equity value of $ 25 billion,

--Excluding these two items, Yahoo $ 500 million with a negative asset value, in other words, channels, search engine Yahoo portal assets are worthless.

Media pointed out that the value of Yahoo's assets, fell to such a low level, was a shock.

Zhiqian, Yahoo from Google recruits Mayer served as CEO. But since she took office, implementing numerous mobile Internet mergers and acquisitions, but these small products, small companies could not be substantial revenue and profits for Yahoo.

Yet on the Yahoo portal of traditional business, and display advertising revenue continues to decline, Mayer can't stop Yahoo advertiser Portal flow to the Facebook Web site.

But it must be noted that, regardless of the financial data, Yahoo's content channels and other services, can attract more than 1 billion active users per month in the past 12 months, Yahoo realized a $ 4.6 billion in advertising revenue.

Media commentators pointed out that zero-dollar valuation of Yahoo assets have made Yahoo has become a very valuable acquisition targets.

Transformation trend of mobile Internet, portal content channels and traditional search engines, have become "old business", Mayer is able to let these old rejuvenated, remains to be seen.

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