10K Watch: YHOO: $42 Million On Three Acquisitions In ’06; Launch Suit Heads For Trial In April

May see some other bits as we make our way through Yahoo’s annual report filed Friday with the SEC but here’s one:
“During the year ended December 31, 2006, the Company acquired three other companies which were accounted for as business combinations. The total purchase price for these three acquisitions was $42 million and consisted of $41 million in cash consideration and $1 million of direct transaction costs. The total cash consideration of $41 million less cash acquired of $1 million resulted in net cash outlay of $40 million. Of the purchase price, $27 million was allocated to goodwill, $21 million to amortizable intangible assets and $6 million to net assumed liabilities. Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired and is not deductible for tax purposes.” Among the companies Yahoo acquired in 2006: Bix, Kenet Works. The purchase of MyBlogLog.com became public in early ’07.
— Yahoo’s spending on acquisitions like those mentioned above and investments like its 10 percent of Gmarket and 20 percent of Right Media was the company’s lowest in three years: “We invested a net of $142 million in acquisitions, including strategic investments, in 2006, compared to $1,698 million and $762 million in 2005 and 2004, respectively. Acquisitions and investments in 2006 included cash outlays for our investments in Yahoo! 7, Gmarket Inc. and Right Media Inc.”
— “In October 2006 we acquired the outstanding stock of Kenet Works AB. On December 11, 2006, we issued an aggregate of 119,931 shares of our common stock to several shareholders of Kenet Works AB in satisfaction of a portion of the purchase price.”
Also this reminder that Yahoo is still dealing with a copyright lawsuit that predates its acquisition of Launch Media. Most of the plaintiffs have settled but BMB Music/RCA is still in the hunt. Trial is set for April 16, 2007. More Yahoo Start-Up Deals: Swedish Mobile KenetWorks, Yes; Social Media Network MyBlogLog?

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