1 Comment

Summary:

Yahoo (NSDQ: YHOO) acquired Arab portal Maktoob for $164 million in cash last fall — almost double the amount that had previously been repo…

Yahoo
photo: Corbis

Yahoo (NSDQ: YHOO) acquired Arab portal Maktoob for $164 million in cash last fall — almost double the amount that had previously been reported, according to the company’s 10K, which was just filed with the SEC.

The filing includes other details about the company’s purchases and divestments. Among them: Yahoo says it spent $30 million on two other acquisitions last year (That figure would include Xoopit, which it bought for a reported $20 million in July; unclear what the other company is). Yahoo also generated net proceeds of $120 million by selling its stake in Korean auction business Gmarket to eBay (NSDQ: EBAY) and $145 million from selling its investment in Alibaba.com.

Restructuring bills: Yahoo says that in total it incurred “severance, facility and other restructuring costs” of $61 million related to its April layoffs and other moves to focus its business.

The company says that its decision “to close one of our international facilities” during the fourth quarter of the year led to $16 million in severance and other costs. That likely refers to the closure of Yahoo’s R&D facility in Grenoble, France. Closing down those operations triggered the departure of an executive at a company Yahoo had acquired, which led to “$19 million of non-cash stock-based compensation expense for the acceleration of certain of the executive

  1. You are scamer !!!!!!!

    Share

Comments have been disabled for this post