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Bloomberg Surveillance

Wieser: The Yahoo auction process is a real process now

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 27 April 2016

⏱️ 4 minutes

🧾️ Download transcript

Summary

Wieser: The Yahoo auction process is a real process now

Transcript

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0:00.0

To me, context is about pattern recognition.

0:02.8

It's connecting the dots.

0:04.4

It's giving readers an ability to synthesize

0:07.6

a number of different perspectives

0:09.2

so they can understand how the greater whole works,

0:12.0

because nothing really occurs in isolation anymore.

0:14.4

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

0:18.0

On our platform, we ask tough questions and solve complex problems with the facts in mind.

0:23.0

Start exploring our opinion coverage and more at Bloomberg.com

0:27.0

slash subscribe.

0:30.0

As Karen Moscow has been reporting, Yahoo has reached a settlement with the activist investor group,

0:36.1

Starboard Value, going to name four new independent directors to the board,

0:40.8

averts a proxy war, but I wondering you know what difference it makes at

0:45.5

this time given where Yahoo is Brian Wieser is a senior analyst for advertising and internet at Pivot Hole.

0:55.6

He joins us now Brian, they're going to sell off Yahoo.

0:58.4

So why make a deal now?

1:01.1

Yeah, well if you're the board you get to say it's a

1:05.8

advantage because I don't think anyone on the board wanted to be in a position

1:10.9

where they're up for consideration to another board seat somewhere

1:15.6

and they have on the resume that they led to a loss at a proxy battle.

1:20.9

That's not something that anyone wants. So I think that the board was

1:24.2

incentive to avoid the fight one way or another. Now the battle is the difficult

...

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