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Technology Stocks : Broadcast.com (Acquired by Yahoo)
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: B. A. Marlow who wrote (1022)3/30/1999 7:45:00 AM
From: sam   of 1260
 
It will be an all-stock deal, so the relevant question is what's the conversion rate. The rumor had been for .85 shares of YHOO for each share of BCST. Don't know if there's any validity to it. But I'd be very, very surprised (make that shocked) if it were any less than .75. Probably closer to .85 range. Remember, YHOO is using their own currency -- as they did with GeoCities (nice 50% premium). Can't see them being any less "enthusiastic" about a property as synergistic as BCST. FWIW
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