by Greg Guenthner
Big buyout news hit Wall Street with a thud to start the trading week…
Verizon shelled out nearly $5 billion to purchase Yahoo after management gave up trying to figure out exactly what Yahoo’s business is supposed to be. The fire sale price tag for the once-dominant web property comes in at a small fraction of its $125 billion market cap during its heyday.
If Yahoo shareholders had a time machine, they’d probably use it to go back to 2008 and beg the company brass to jump at Microsoft’s $45 billion buyout offer. Instead, they’re stuck watching Marissa Mayer sashay out the door with a briefcase full of cash—while they have virtually nothing to show for it.