Softbank Told to Cast an Eye Over Yahoo

Japanese phones and online giant Softbank has been in the news this week over reports — yet to be confirmed by the company itself — about deals to buy DreamWorks Animation or Legendary Pictures. 

Now add another possible acquisition to the list: Yahoo!

Geneva-based investment advisory firm, Alternative Investment Management and Research has send a letter to Softbank chairman Masayoshi Son and Yahoo CEO Marissa Mayer urging the former to buy the latter’s company. 

In the letter, first sourced by Bloomberg, managing director Albert Saporta said: “We think that Yahoo! would be far better off under the stewardship and vision of Mr. Son than under Yahoo’s current top management…We would rather have Mr. Son investing Yahoo’s cash hoard.” 

The hoard in question is the reported $8.27 billion in pre-tax earnings Yahoo! gained from selling a 6% stake in Chinese e-commerce giant Alibaba, following its public offering earlier this month. Yahoo! still owns a 15% share ofAlibaba.

Meanwhile, Softbank owns a 32% stake in the Chinese company, as well as a 48% chunk of Yahoo Japan.  

Neither Yahoo! nor Softbank have commented on the letter.  

More Biz

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    Japanese phones and online giant Softbank has been in the news this week over reports — yet to be confirmed by the company itself — about deals to buy DreamWorks Animation or Legendary Pictures.  Now add another possible acquisition to the list: Yahoo! Geneva-based investment advisory firm, Alternative Investment Management and Research has send a […]

  • Kevin Durant Rich Kleiman

    Kevin Durant Shares His Media Biz Playbook at Variety Sports & Entertainment Breakfast

    Japanese phones and online giant Softbank has been in the news this week over reports — yet to be confirmed by the company itself — about deals to buy DreamWorks Animation or Legendary Pictures.  Now add another possible acquisition to the list: Yahoo! Geneva-based investment advisory firm, Alternative Investment Management and Research has send a […]

  • David-Zaslav-Discovery Sun Valley Conference

    A Look at Key Trends Facing Media and Tech Companies Ahead of Q2 Earnings

    Japanese phones and online giant Softbank has been in the news this week over reports — yet to be confirmed by the company itself — about deals to buy DreamWorks Animation or Legendary Pictures.  Now add another possible acquisition to the list: Yahoo! Geneva-based investment advisory firm, Alternative Investment Management and Research has send a […]

  • Spotify logo is presented on a

    Spotify Launches Feature to Help Artists, Labels Submit Music to Playlists

    Japanese phones and online giant Softbank has been in the news this week over reports — yet to be confirmed by the company itself — about deals to buy DreamWorks Animation or Legendary Pictures.  Now add another possible acquisition to the list: Yahoo! Geneva-based investment advisory firm, Alternative Investment Management and Research has send a […]

  • Comcast

    Comcast Drops Out of Bidding War With Disney for 21st Century Fox Assets to Focus on Sky

    Japanese phones and online giant Softbank has been in the news this week over reports — yet to be confirmed by the company itself — about deals to buy DreamWorks Animation or Legendary Pictures.  Now add another possible acquisition to the list: Yahoo! Geneva-based investment advisory firm, Alternative Investment Management and Research has send a […]

More From Our Brands

Access exclusive content