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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: santhosh mohan who wrote (3163)	11/23/1997 7:49:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

>>Are you aware of any stipulation that Yahoo be given first right to buy back shares held by Softbank. I doubt if any venture capitalist would agree to a ceiling on the price they can obtain for their investment. I'd have to look at the prospectus, but those terms are usual. There would be no ceiling involved, it would probably be a negotiated price. >>But a Form 144s with intention to sell is not out of the realm of possibility! If Softbank wanted to sell their Yahoo stake, it would take the form of a secondary offering, with road shows etc, or perhaps a private placement. A secondary of this size would inevitably affect the stock price adversely. We're talking about quadrupling the float. My personal opinion is that Softbank would sell other assets first, especially if they haven't appreciated much. The taxes on a Yahoo sale would discourage them.