Breakingviews

Viewsroom: Healthcare M&A, Climate change, Silicon Valley earnings

April 29, 2016

Abbott, AbbVie and Sanofi are each paying up for takeover partners, while protecting the planet could be the investment deal of the century. Plus: Facebook forges ahead while Apple ambles.

Marissa Mayer has only one last job to do at Yahoo

April 20, 2016

Underscoring the lack of progress in her nearly four years as CEO, the web company’s quarterly revenue fell another 11 pct. Google and Facebook are cleaning up in ads, especially mobile. It’s time to offload Yahoo’s core business before bidders like Verizon lose interest.

Yahoo could be good home for sidebar of shame

April 11, 2016

The parent of scandal-peddler Daily Mail may bid for the U.S. media group. That could catapult the MailOnline onto ad buyers’ agendas. Since owner Viscount Rothermere has spent a decade diversifying away from news, the best deal might be one that breaks the UK group up.

Viewsroom: Pandora putsch, MetLife slam, M&A scam

April 1, 2016

The music-streaming service picks a golden-oldie CEO, while the mega-insurer sheds its too-big-to-fail tag. Plus: Even Wall Street pros can fall prey to determined swindlers.

Starboard pushes wrong button on Yahoo

March 24, 2016

The activist hit the nuclear option of trying to replace all the internet company’s directors. Starboard’s right that performance under CEO Marissa Mayer has been poor. But failure to secure control of the board could hobble its attempt to force a sale of Yahoo’s core business.

Time plus Yahoo conjures ghoulish AOL past

February 23, 2016

Merging the $1.5 bln magazine publisher with the troubled $30 bln internet company’s core would be much like a smaller version of the epically bad Time Warner deal. Combining print and digital might make more sense now than in 2000. The financial contortions it would take don’t.

Yahoo a good bet for Barry Diller’s menagerie

December 9, 2015

The flailing internet firm scrapped plans to spin off its Alibaba stake and may split its search and advertising unit instead. The media mogul’s assorted online businesses could be a logical home, as might Verizon, owner of AOL. In truth, almost any deal would be a win for Yahoo.

Yahoo sale would carry a warning from print

December 3, 2015

The internet company may be putting itself on the block. Private equity is interested – and perhaps in L.A. Times parent Tribune, too. Both are plagued by a long-term decline in advertising revenue. LBO shops fell victim to that disease with newspapers a decade ago.

Yahoo CEO has run out of time for a turnaround

December 2, 2015

After three years, it’s clear neither Marissa Mayer – nor maybe any top executive – can save the flailing internet company. The board’s job now should be to determine the best way to tidy up the firm’s affairs. Mayer’s best legacy may be that she got a good price for the core business.

Starboard’s Yahoo flip-flop misses the point

November 19, 2015

The pushy investor now wants the $31 bln tech company to offload its main business instead of its Alibaba holding. A switcheroo won’t erase a discount and residual tax liability on the stake. However it’s engineered, the real problems for Yahoo boss Marissa Mayer will remain.