Yahoo went public on August four with more details about terms of its lookup take care of Microsoft in its Securities and Exchange Commission (SEC) filing.There are a couple of particulars I found intriguing,
Microsoft Office 2010 Home And Stude/nt, in particular when evaluating Yahoo;s 8-K filing towards the Yahoo-Microsoft costs slide that Microsoft erroneously incorporated in a Financial Analyst Meeting slide deck final week.According to Yahoo;s filing,
Office Professional 2007, if and when the Microsoft-Yahoo offer gains regulatory approval:“Microsoft will hire not less than 400 Yahoo,
Office 2010 License! employees (the “Transferred Employees”) and will give the Transferred Employees market competitive compensation packages. In addition, Yahoo! and Microsoft will mutually agree on a retention plan to be paid for by Microsoft to assist in retaining the Transferred Employees and an additional 150 Yahoo! employees to be mutually agreed upon between Microsoft and Yahoo,
Office Standard 2010! to assist with providing the transition services.”I guess that explains the “retention pre/post close” expenses of $90 million that Microsoft expects to spend as part of its new partnership.Then there was the mention in that Microsoft expenses slide of $150 million worth of “sign-on” costs. Looks like that might map towards the $50 million annual payment Microsoft will make to Yahoo during the first three years of the agreement, which may be used to “partially cover transition and implementation expenses not otherwise covered” under the offer.When Microsoft announced plans at the start of this year to cut 5,
Office 2010 Activation,000 of its own employees, CEO Steve Ballmer said the Online Services Division — the part of the company responsible for lookup and online advertising — would still be adding new hires in that unit. Now we know where 400 to 500 of those hires are going to come from….Anyone else see anything noteworthy in Yahoo;s new 8-K filing?