Yahoo spends $36M on advisers in Microsoft dance

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Yahoo Inc. shelled out $36 million in the first half of 2008 to the outside advisers that helped the company navigate stormy buyout talks with Microsoft Corp. and the ensuing proxy threat from activist investor Carl Icahn.

Yahoo leaned on investment banks Goldman Sachs Group Inc., Lehman Brothers Holdings Inc. and Moelis & Co., and the law firm Skadden Arps Slate Meagher & Flom, after Microsoft made its initial $44.6 billion offer, which was made public in February.

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View Full Article: Yahoo News
 
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