10-Q Watch: Yahoo Runs Up $36 Million In Legal, Other Costs Over Microsoft, Ichan In 1H08

This story was written by Staci D. Kramer.
In its 10-Q filed with the SEC today, Yahoo (NSDQ: YHOO) said its numbers for Q2 and 1H08 include "incremental costs of $22 million and $36 million, respectively, for outside advisors related to Microsoft (NSDQ: MSFT) Corporation's ("Microsoft") proposals to acquire all or a part of the Company, other strategic alternatives, the recently resolved proxy contest, and related litigation defense costs." The second quarter ended June 30, so that doesn't include July, which also should have been costly given the amount of time devoted to proxy issues. Microsoft and more.  That's not all the costs, of courseand doesn't begin to cover the amount Yahoo lost in sunk time, diverted internal resources and pure distraction. 


By Staci D. Kramer

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App