Meta

6935.218 - 6961.869 Ben Gilbert

Billion dollars. It's going to be all in stock. Yahoo's going to buy the company. In the interim between when they shake hands on the deal and while the docs are being drafted, Yahoo announces their quarterly earnings, and they have a bad quarter, and the stock drops 20%. And Terry Semel, who was the CEO of Yahoo at the time, said, okay, the deal is, you know, for the same amount of stock.