Yahoo and other bubbles...when will they burst? Message Board

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Strategies & Market Trends : Yahoo and other bubbles...when will they burst?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: marion (Hijacked) who wrote (1)	1/31/1999 11:08:00 AM
From: Dave Mansfield	Read Replies (2) of 139

marion, I'm no expert when it comes to things like this, but I take some question to this statement: >>GeoCities has tangible assets of around 111 million. Yahoo is buying it for 3.56 billion. That means they have to write off the difference.<< Because this is a stock deal and does not involve any outlay of cash by Yahoo, is this true? Yahoo is not really buying Geocities, but is merging with them through a non-taxable stock swap. I think they may not have to write off anything here. This deal goes to make the bubble bigger, but I don't think it leads to the above consequence. Dave

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