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SK Net Service Company Ltd:CFO Liddell Releasing the details of acquisition of Yahoo search programme

By angel | July 17, 2008

Riedel also revealed that this transaction will enable Yahoo access to the flow of the first three years of cost (TAC) rate of 85 percent to 70 percent after. Microsoft will pay 10 dollars to buy Yahoo search business, the way the debt to priority for Yahoo to provide 2.8 billion U.S. dollars loan. In addition, Microsoft will be the price of 19.5 U.S. dollars per share, totalling 3.9 billion U.S. dollars to buy Yahoo shares. The programme does not include Yahoo management changes.

This article is provided by SK Net Service Company Ltd

Riedel said the new acquisition includes the next 10 years 195-265 billion dollars of revenue guarantee, which five years ago to 2.3 billion U.S. dollars annually. Parties to the transaction can unilaterally extend the agreement. If Yahoo’s unilateral extension of the agreement, the second five-year income guarantee for 1.6 billion U.S. dollars annually. If Microsoft unilaterally extended, the figure was 3 billion U.S. dollars annually.

Yahoo has previously rejected the proposal.

According to foreign media reports, Microsoft CFO Chris Liddellinvestors in a conference call, said the company’s acquisition of Yahoo’s search business of some details of the new programme.

(SK Net Service Company Ltd)


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