Lead: Beijing October 21, foreign media analysis article said that Yahoo's share price is currently at the lowest point of 52 weeks, and the company's third quarter performance was disappointing, this is the competitor of its acquisition the best time to carry out the
the past six months, Yahoo shares fell more than 30%. Some analysts expect Yahoo's main competitors may take the opportunity to carry out the acquisition, the potential acquirer, including Google, Microsoft, Comcast, Time Warner and AT & ; T. The most recent period of continuous negative news about Yahoo, its third-quarter results led to the worries of many investors, but so far, Yahoo is still the most trafficked site in the world.
network traffic Microsoft's MSN, currently ranked second, Google ranked third in the past two years, Google has made considerable progress in network traffic still lags behind Yahoo, Google in the online advertising market has maintained a huge lead in MSN in online advertising with Google or Yahoo can not be compared. since the IPO, Google's quarterly revenue growth of more than 350 percent since 2004. Meanwhile, Yahoo's quarterly revenue fell 15%.
Yahoo's current market value of $ 32 billion, the price-earnings ratio of 17.25 times, compared to Google's market value up to $ 131 billion, a price-earnings ratio of 62.63 times. through the analysis of the net profit of Yahoo and Google over the past two years, you will understand the two The huge gap in the price-earnings ratio is not without reason. However, Google may have peaked, but also in terms of traffic than Yahoo's take a very long period of time. Microsoft's market capitalization of up to $ 278 billion, the price-earnings ratio of 23.58 times, but the company's main revenue does not come from the Internet. the
investors have lost their enthusiasm for Yahoo, Google is still full of confidence, which is the main reason for Yahoo's stock continued to decline over the past two years, analysts believe that now is the acquisition of large companies Yahoo's best opportunity on the one hand, Yahoo's stock price in the low of the past few years; the other hand, Yahoo has a nearly 30 percent of the Internet traffic for any company is no small temptation.
long ago. Google announced that it will be worth $ 1.65 billion in stock to acquire online video site YouTube, but the deal did not have a negative impact to the company's financial position. In fact, Google shares rose more than 7%, only one trading day of the The market capitalization of more than 100 billion dollars. So far, Google held cash and realizable bonds worth over 10 billion U.S. dollars. Google need to use cash or may be regulated by similar mutual funds. from a sense speaking, the use of the Google stock acquisition of YouTube may be saving money for the acquisition of Yahoo, Google already has nearly 30% (including the Internet traffic of YouTube, 8%), plus 30% is clearly tempting
Microsoft has $ 34 billion worth of cash and marketable debt securities, the company can be all-cash acquisition of Yahoo, if you wish to catch up with Google and Yahoo in the online advertising market, Microsoft had previously announced that 2007 will invest $ 1 billion in this area If the acquisition of Yahoo, Microsoft can get 30% of Internet traffic, this is undoubtedly a shortcut to enhance the online advertising market share.
to sources, already has the AOL Time Warner is also interested in the acquisition of Yahoo. in accordance with Yahoo and Time Warner satisfied that the stock price, now is a good opportunity. Time Warner currently has $ 1.4 billion in cash, but the market capitalization of $ 78 billion. AOL ranked only 34th in terms of network traffic, and only 2% market share, even as far far behind YouTube, 8% of Time Warner acquisition of Yahoo is facing funding problems, but market share increased by 15 times is a big temptation.
, no doubt, Comcast and AT & T also enter the Internet market very interested, because it has become the only way many traditional companies continue to maintain growth. While the two companies have a lack of funds, but they may be able to carry out leveraged buyouts, or find other ways in accordance with the existing shares, any company acquired Yahoo have described as gains will be much higher than the $ 30 billion.