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

To: pogi2 who wrote (21867)	5/25/1999 6:11:00 PM
From: Tae Spam Kim	Read Replies (1) \| Respond to of 27307

Much like normal brick and mortar mergers & acquisitions, Yahoo! (YHOO) purchase of Geocities will result in significant layoffs. Don't cry for Geocities employees though, as most of the them will be well-compensated through their fully vested stock options. More than half of GeoCities' roughly 300 employees have been notified they will be laid off once shareholders approve Yahoo's bid to acquire the company, sources said. In addition, sources close to Yahoo said GeoCities founder and chairman David Bohnett will not take a position with the leading portal company. However, chief executive Tom Evans intends to oversee GeoCities' transition period. Analysts do not expect Yahoo's proposed merger with Broadcast.com to yield as many layoffs. Analysts said Yahoo will need Broadcast.com personnel to run a media streaming business, which is foreign to Yahoo's content aggregation focus. - News.com