Excerpt from a Yahoo scenario reality check
One problem is the huge cost of almost any kind of takeover and also the complexity, given much of Yahoo’s $18.5 billion valuation is due to its Asian assets.
The sale of those shares, as well as the selling off of some of Yahoo’s less core properties, makes for a very complicated situation for anyone.
Said one person looking at the company: “It is one of the more massive hairballs around.”
That is a common sentiment among many of those looking at Yahoo, which has hired Allen & Co. to manage the process.