Kara Swisher says, “Immediately after Yahoo finally said it was going to do what everyone knew it was going to do — announce plans to spin off its remaining 15 percent stake in Alibaba, worth $39 billion — the speculation that Yahoo would become a takeover target began.

“After Alibaba Spinoff, Yahoo May Become a Takeover Target” read the headline in the New York Times just today, summarizing the breathless chatter on Wall Street. “When the spinoff is complete,” said the Times, “Yahoo may be more likely to become the hunted rather than the hunter, according to investors and analysts.”

But, as ESPN’s Lee Corso always says: Not so fast, my friend.

To begin, the actual spinoff event will not be happening until at least the end of the year, if not more given the complexity of the transaction, all due to a lockup agreement related to the Alibaba IPO. That means that Yahoo will be as one until then, leaving it pretty much invulnerable to attack of any kind”.

Yahoo a Takeover Target? Not So Fast

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