Tuesday, August 12, 2008

Yahoos Advisory Bill Hits Million - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

Check the comments posted on the full article for a timely reality check

Now, Yahoo has shed some light on how much this upheaval has cost in actual dollars and cents — specifically, it revealed the fees it has racked up for outside advice from bankers and lawyers.

In a late Friday filing with the Securities and Exchange Commission, Yahoo said it spent $36 million in the first half of 2008 on fees for outside advisers helping it handle Microsoft’s bid, Carl Icahn’s attempt to oust Yahoo’s board (which he recently dropped as part of a settlement) and other, related litigation.

Yahoos Advisory Bill Hits Million - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

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