BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Goldman Gets Its Yahoo Microsoft Mandate

Market Movers

by Felix Salmon
Main
Superbowl Ads as Sell Signals   Vale Sees its Loan Spreads Gap Out

Recent Blog Posts

Links

Feb 04 2008 12:00am EDT

Goldman Gets its Yahoo-Microsoft Mandate

Goldman Sachs didn't lose any time getting itself a mandate in the Yahoo-Microsoft merger. Goldman advised Microsoft in its attempt to buy Yahoo last year, but wasn't hired by the Redmond giant this time around. Not to worry: Goldman has now got itself hired by Yahoo instead, along with Lehman Brothers.

In M&A advisory, it's always good to be on the sell side, because you're guaranteed your fee: if Microsoft fails to win Yahoo for whatever reason, Morgan Stanley and Blackstone are likely to go home largely empty-handed, while Goldman and Lehman will still be paid. And the choice of Goldman was probably easy for Yahoo too, given that the bank knows the mechanics of any merger extremely well.

. □

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More