Men in recent years, Yahoo who "sold their bodies, core business of flowers who home? -Yahoo, Mayer-IT information
Yahoo, is 22 years old. As the age of the Internet "Shephard", through the adult ceremony, ushered in a midlife crisis, Yahoo, the greedy eyes of the investment community at the door "barbarians", there are cursory Lantern water constant Internet star managers.
Times change, a former giant, also in methodology out of embarrassment. Now is not the era of giant and star managers, market is bad, not worth a giant is not undeserved, Apple fell off 1.3 trillion yuan, Lenovo, Jingdong plummeted 100 billion yuan, emerging and traditional, face all the time, every minute in reverse.
Yahoo's death? Baizuzhichong sierbujiang. Yahoo may not die so soon, but that the torso, is no longer fresh blood flowing. Either change, or conservative treatment, or die, or business cycle has its fate, Yahoo can't escape, escape of all centuries to do business Titans.
Patented grain: capital will be wasted
March 2016, Yahoo Chief Financial Officer high deman said Yahoo is trying to sell the patent, real estate and other "non-core" assets, hoping to generate 1 billion-$ 3 billion revenue for the company.
Selling patents in order to survive, almost all European and American high-tech winter fodder. This move, Nokia, Eastman Kodak, Yahoo is also used.
In the past 3 years, Yahoo sold or granted patents for more than $ 600 million.
In 2003, Yahoo take precautions to buy Overture for $ 1.63 billion, were able to get Yahoo Overture keyword advertising technology services provided three of its patents.
Today, the patent as a winter fodder, also played a role just right. Almost all of the Internet giant, has expressed interest in Yahoo's patented grain.
In 2012, at a time when Facebook listing, Yahoo in the United States in San Jose Federal Court in Northern California has accused Facebook of infringing 10 of its patents, relating to email real time communication, advertising, privacy and social networking technologies, and called 3 times times the damages.
Yahoo's use of patents and fodder, was inspired by subsidiary Overture in the Pocket. Overture in a patent battle with Google, who mercilessly, one vote.
In 2002, the Overture to US6269361 sued Google for patent infringement, Google was busy IPO market, out of the necessity of disclosure, Google reached a settlement with Overture, in 2004 before the IPO market, licensing the Google 2.7 million shares in Exchange for reconciliation.
Parent company Yahoo along with doing big business. 1% Google Yahoo for 2.7 million shares of stock, current market value of about $ 260 million of non-cash income.
By 2011 the data, Yahoo has 1100 patents, there are 2661 is applying for the patent, one of the most valuable is the pay per click (pay-per-click) Ad patent. The patent was originally applied for by the search engine provider Overture services company GoTo.com.
Facebook IPO listing comes as Yahoo behind a cutter. Facebook and Yahoo through a patent licensing requirements or through the payment of pre-IPO shares and reach a settlement.
Xiaozha, founder of Facebook, in the listing of Roadshow video publicly thanked Yahoo, saying it is a boyhood on the use of information weapons. Facebook official media claim, by agreement between the parties, has the right to patent swap, people familiar with the disclosures, patents in the agreement are for all of the two companies patents.
This gives today's Yahoo patents, foreshadowing the stage seeking financial support.
And sale of patents, is the necessary and sufficient measures among Internet companies, Alibaba listed before coming to the United States spent to buy patents, while Yahoo holds a 24% stake and more than 1500 patents.
"In General, Yahoo of patent quality has declined over time. If Yahoo is focused on selling the patent, that would have surprised me, especially when the current Yahoo itself. "Ocean Tomo patent and IP acquisitions advisory companies Executive Director Michael Jay Friedman (Michael Friedman) has so Yahoo says bones fortune teller, laments Yahoo's scenery is not.
Zaguomaitie: Yahoo's net worth?
At its peak, Yahoo's market value had reached 80 billion dollars, but when times are easy.
2016 Yahoo Q1 quarterly results showed in the first quarter, Yahoo's first-quarter revenue of us $ 1.087 billion, down from $ 1.226 billion in the same period last year; belonging to Yahoo in the first quarter net loss of $ 99 million, compared with last year belong to Yahoo's net profit of $ 21 million, revenues and profits continue to "double down".
? Yahoo declining revenue
Yahoo zaguomaitie, to retrieve the situation, first selling a patent.
A Silicon Valley intellectual property law firm for Yahoo valued at as much as $ 10 billion. Yahoo sold the patent process, the NewYork post said at least 5, including private investment firm Yahoo bidders have been asked to evaluate the value of intellectual property.
Yahoo has about 6,000 patents, covering areas such as mobile messaging, data mining and targeted advertising.
Sold the patent as well as real estate, news, Yahoo ready to nearly 200,000 square selling land to local music.
In July 2006, Yahoo spent more than 100 million US dollars to buy the land, address at United States Silicon Valley research and development Park in Santa Clara. 10 years ago, bought the 48-acre plots, positioned is the global headquarters of Yahoo's future.
By the end of 2015, local media disclosed Yahoo wants to sell the land in Silicon Valley, it was Yahoo's Board denied that. No smoke without fire, turn to Yahoo's chief financial officer to clarify that Yahoo does need to achieve financial energy by zaguomaitie I.
Now with Google and Apple compete for the opponents and a Chinese company--TV plus.
United States the night of May 2 global Android community Android Authority through its own Twitter platform to "Yahoo sold 48.6-acre (about 19.67 m) to emerging technology companies, which representative display global trend pattern change" as its theme, exposed as a bid for Yahoo's global headquarters.
Apart from patents outside the capital, real estate headquarters, Yahoo places is expected to sell core businesses. In addition, placed Yahoo female executive Mel (Marissa Mayer) in front of the hot potato, that is difficult to improve sales and unwinding of Yahoo's $ 26 billion stake in the Alibaba group.
Under the growing investor pressure, Yahoo is offering a transformational transaction method. Has hired financial consultants, independent directors are also exploring the rescue strategy. Goldman (Goldman SachsGroup Inc.), JP Morgan Chase Group (JPMorganChase & Co.) and PJT Partners Inc. will provide financial advice.
Zaguomaitie, Yahoo really worth? Chased flock who will eventually flower?
Barbarians at the gate: helpless glory
Is under pressure of Yahoo, it is imperative to contact potential enterprises and private-equity buyers, the management of entry will greatly affect the future of Yahoo.
Include Verizon (Verizon CommunicationsInc.), Comcast (Comcast Corp.) and AT&T company (AT&TInc.) and other enterprises, as well as Bain Capital (Bain CapitalPartners), KKR & Co. and TPG acquisition company takeover, potential first round bids could have to wait at least a month.
Yahoo is an Internet pioneer and giant, issued disclosure, require buyers make an offer on April 18 deadline given, female Palm menmeiye there is not much time left.
Barbarians at the gate line, said the industry's first high-tech company, Google and Microsoft. In 2008, Microsoft proposed Yahoo acquisition, the $ 45 billion offer, but cannot do so. Google is Yahoo's coveted, because of antitrust reasons, may not offer to buy Yahoo.
Trying to disclose the purchase of Yahoo assets cross-border attempt, and telecom giant Verizon. In 2015, for $ 4 billion to buy AOL. AOL named United States online, is a well-known Internet service provider AOL as a small company, telecommunications giant Verizon to take Yahoo, called Yahoo's existing business or a booster dose.
Yahoo's 22 years of development, free search, free email, free services draining, profitable through advertising, online advertising models became Google, Baidu, Facebook and other Internet companies to imitate the objects. Almost every Giants on which the miner's path, is Yahoo running on top.
Nothing glory, Yahoo's core Internet business for $ 8 billion. The daily mail (Daily Mail) and time (Time Inc) and other media are quoted. Told CNN the daily mail, a spokesman for CNBC, said that they plan to bid for Yahoo.
Too much not bad diversified business of Yahoo, also attract interested buyers at injection concept, such as private-equity firms General Atlantic capital (General Atlantic), TPG and KKR, a number of enterprises.
According to hedge fund study on the Starboard Value, Yahoo tries to complex reverse split to clear its stake. Look, Alibaba and Yahoo China Japan Yahoo shares, is not in the list of core Internet selling businesses for $ 8 billion.
Looking back at the Internet wave peak in early 2000, Yahoo's market value soared to $ 255 billion, intermediate values are also overvalued to us $ 80 billion. However, barbarians at the gate and star managers like quick change, Yahoo has not recovered from the dotcom bubble.
Yahoo executives have hit a 9-year replacement 6 records CEO, and female-headed households Mayer will enjoy "golden parachute" compensation.
If Yahoo were sold to leave, she would receive $ 37 million "golden parachute" compensation. If Yahoo is not being sold, will get $ 12.5 million when she was asked to leave.
Meet people, taken off patents and property, stay in the fresh vitality but also how many of Yahoo's torso? Some critics believe that most Yahoo was worth 34 billion dollars, well operations of Yahoo Japan and Alibaba business in China, or on the value, in other words, Yahoo's core businesses are worthless.
This despite the fact that a little bit, but was unable to retain Yahoo's hero status of the old will die of old age.
壮士暮年，雅虎"卖身"，核心业务花落谁家？ - 雅虎,梅耶尔 - IT资讯
雅虎，已经22岁。作为互联网时代的“领路人”，度过成年礼、迎来中年危机的雅虎，门口有虎视眈眈的投资界“野蛮人”，家里面有走马花灯流水不断的互联网巨星职业经理人。
时代变更，曾经的巨头，也陷入方法论过时的窘境之中。现在已经不是巨头和明星经理人的时代，行情不好，没有一个巨头身家不在跌停，苹果跌掉13000亿元，联想、京东跌掉1000亿元，新兴与传统，时刻在变脸，分秒在逆转。
雅虎之死？百足之虫死而不僵。雅虎也许没有这么快死去，但这具躯干之中，流淌的已经不再是鲜活的血液。要么变革，要么保守疗法，要么死去，抑或，商业的轮回有其命数，雅虎逃不了，所有要做百年企业的巨头都逃不了。
专利粮草：老本也会挥霍完
2016年3月，雅虎财务长高德曼表态，雅虎正想方设法求售专利、地产和其他“非核心资产”，希望能够为公司带来10亿—30亿美元进账。
卖专利求生存，几乎是所有欧美高新企业的避冬粮草。这一招，诺基亚在用，柯达在用，雅虎也在用。
在过去的3年中，雅虎出售或授权的专利超过6亿美元。
2003年，雅虎未雨绸缪，以16.3亿美元收购Overture，从而获得了提供雅虎关键词广告的技术服务的Overture的三项专利。
而今天，专利这一避冬粮草，又恰到好处地发挥了作用。几乎是所有的互联网巨头，都对雅虎的专利粮草表示了兴趣。
2012年，在facebook上市之际，雅虎在美国北加州圣荷西联邦法院指控Facebook侵犯了其10项专利，涉及email实时通、广告、隐私权和社交网络等技术方面，并要求3倍的损失赔偿。
雅虎善用专利粮草，也是受到收入囊中的子公司Overture启发。Overture在与Google的专利大战中，曾狠狠地捞了一票。
2002年，Overture以专利US6269361控告Google侵权，Google当时忙于IPO上市，出于信息披露的必要性，Google与Overture达成和解协议，在2004年IPO上市前，Google以270万股票换取专利授权和解。
而母公司Yahoo顺带着做了笔大买卖。Yahoo换得270万股占1%的Google股权，约当时市值2.6亿美元的非现金收入。
截止2011年数据，雅虎持有1100项专利，另外还有2661项专利正在申请之中，其中最有价值的当属每点击付费(pay-per-click)广告专利。这项专利最初是由搜索引擎服务提供商Overture旗下公司GoTo.com申请。
Facebook IPO上市之际，Yahoo背后插一刀。Facebook与Yahoo通过提出专利授权要求或者通过支付Pre-IPO股份与达成和解。
而Facebook的创始人小扎，在上市的路演录像里面公开感谢雅虎，称其是少年时代就使用的信息武器。Facebook官方媒体声明声称，双方通过协议，拥有专利互换权，知情人士披露，协议中的专利指的是两家公司所有的专利。
这就给今日的雅虎售卖专利，寻求财务辅助埋下了伏笔。
而买卖专利，是互联网企业之间的充分必要举措，阿里巴巴在赴美上市之前也花了大代价购买专利，而雅虎持有24%的阿里巴巴股份，以及超过1500项专利。
“一般来说，雅虎的专利质量已随时间流逝下降。如果雅虎专注于抛售专利，那才会让我感到吃惊，尤其是在当前雅虎自身难保的时候。”专利和IP收购咨询公司Ocean Tomo执行董事迈克尔·弗里德曼(Michael Friedman)曾如此给雅虎称骨算命，哀叹雅虎风光不在。
砸锅卖铁：雅虎身家几何？
在高峰期，雅虎市值曾达到800亿美元，但时移势易。
2016年第一季度雅虎Q1季报显示，雅虎第一季度营收为10.87亿美元，低于去年同期的12.26亿美元；第一季度归属于雅虎的净亏损为9900万美元，相比之下去年同期归属于雅虎的净利润为2100万美元，收入和利润继续“双降”。
▲雅虎逐年下降的收益
雅虎砸锅卖铁，要挽回局面，首先兜售的是专利。
硅谷某律师事务所对雅虎知识产权估值高达100亿美元。在雅虎出售专利的过程中，newyork post透露，包括私募投资公司在内的至少5家竞购方一直在要求评估雅虎知识产权的价值。
雅虎拥有约6000件专利，覆盖移动消息、数据挖掘、精准广告等领域。
卖完专利还有不动产，消息披露，雅虎准备将近20万平方土地出售给中国土豪乐视。
2006年7月，雅虎花费1亿多美元买下这块地，地址位于美国硅谷圣克拉拉研发园区。10年前，买下这块48英亩的地块，定位是建设雅虎未来的全球总部。
2015年年底，硅谷当地媒体披露雅虎欲出售该地块，但随即被雅虎董事会否认。无风不起浪，今天轮到雅虎的财务总监来澄清，雅虎确实需要通过砸锅卖铁来实现财务正能量。
现在与谷歌、苹果的争夺对手中又多了一家来自中国的公司——乐视。
美国时间5月2日晚，全球安卓社区Android Authority通过自身和Twitter平台，以“传雅虎出卖48.6英亩（约19.67平方米）地给新兴科技公司乐视，此举具有代表性显示全球趋势格局变化”为题，曝光了乐视竞购雅虎未来全球总部一事。
除开专利老本、不动产总部之外，雅虎寄予众望的是出售核心业务。此外，摆在雅虎女将执行长梅尔（Marissa Mayer）面前最烫手的山芋，即难以提升销售及出脱的雅虎所持阿里巴巴集团260亿美元股权。
在投资人压力日增下，雅虎祭出转型交易手段。已经聘请财务顾问，独立董事也在探询救援策略。高盛集团（Goldman SachsGroup Inc.）、摩根大通集团（JPMorganChase & Co.）和PJT Partners Inc.将提供财务咨询。
砸锅卖铁，雅虎究竟身价几何？而追逐者蜂拥而至，最终将花落谁家？
门口野蛮人：无可奈何荣光去
正面临压力的雅虎当务之急是接触潜在的企业与私募股权买家，但资方的入驻将极大地影响着雅虎的未来。
包括威瑞森通讯公司（Verizon CommunicationsInc.）、康卡斯特公司（Comcast Corp.）和AT&T公司（AT&TInc.）等企业，以及贝恩资本（Bain CapitalPartners）、KKR & Co.和TPG等收购公司表达了收购意愿，潜在首轮竞标可能至少要等一个月。
曾是互联网开路先锋和巨头的雅虎，发出信息披露，要求买家在4月18日截止日前给出报价，留给女掌门梅耶的时间并不多。
将门口的野蛮人排排数，先来说说行业内的高科技公司谷歌和微软。2008年，微软拟并购雅虎，开出450亿美元的报价，但终不能如愿。谷歌倒是对雅虎垂涎已久，但由于反垄断法的原因，可能不会报价买雅虎。
试图透露收购雅虎资产跨界尝试的，还有电信圈的巨头Verizon。它在2015年以40亿美元购得AOL。AOL名为美国在线，是著名的互联网服务提供者，AOL如同一个小型的雅虎，如果电信巨头Verizon拿下雅虎，抑或给雅虎的现有业务打一剂强心针。
雅虎22年的发展，通过免费搜索、免费邮件、免费内容服务引流，通过广告实现盈利，在线广告的模式成为后来者谷歌、百度、Facebook等互联网公司模仿的对象。几乎每一个巨头赖以发家的路径，都是雅虎跑在最前面。
无可奈何荣光去，雅虎核心互联网业务作价80亿美元。《每日邮报》（Daily Mail）和时代公司（Time Inc）等媒体正在考虑报价。《每日邮报》的一位发言人告诉CNN财经频道说，他们计划竞购雅虎。
雅虎贪多不烂的多元化业务，也吸引着擅长注入概念的兴趣买家，诸如私募股权公司泛大西洋资本（General Atlantic）、TPG和KKR等多家企业。
根据对冲基金Starboard Value研究，雅虎试图以复杂的反向剥离来出清其手中的阿里巴巴股份。看上去，雅虎持有中国阿里巴巴和日本雅虎的股份，并不在这作价80亿美元的核心互联网出售业务之列。
回望2000年初的互联网浪潮巅峰，雅虎市值飙升至2550亿美元，中间值也一度被高估至800亿美元。但由于门口的野蛮人和明星职业经理人如走马观花一样变更，雅虎并没有从互联网泡沫中恢复过来。
雅虎的高管曾创下9年更换6任CEO的记录，而女当家梅耶尔更享受“黄金降落伞”补偿。
若因雅虎被卖掉而离职，她将得到3700万美元的“黄金降落伞”补偿。如果雅虎不被卖，她被要求离职时将获得1250万美元。
相逢尽是分利人，扣去专利和房产，留在雅虎躯干上的鲜活生命力还有多少？有评论人士认为，雅虎最多也就值340亿美元，运营得比较好的雅虎日本和持有的中国阿里巴巴业务，或也就这个价值，换言之，雅虎核心业务一钱不值。
这话虽然说得有一点过，但无法挽留住雅虎英雄迟暮行将老死的现状。