Purchase this case httearch PDF ENG HARVARD BUSINESS SCHOOL CASE Valuing Yahoo in In late July Danielle Engle Managing Director of Clairemont Capital was contemplating what to do about a large investment her fund had in the stock of Yahoo Inc. In mid Clairemont had invested nearly M in Yahoo after the tech company settled a highly visible proxy fight with prolific activist investor Daniel Loeb of hedge fund Third Point.
Since that time Loeb and his colleagues had joined the board the company had hired a new CEO and the stock price was up nearly increasing the value of a year. But Yahoo had just announced an agreement to buy back two thirds of Third Point s stake in the company. It had also announced that Loeb and two other company directors appointed at his request would step down from the board. At the same Chinese Overseas America Number Data time Alibaba the giant Chinese e commerce company of which Yahoo owned a sizable stake was widely expected to go public in the near future. What should Clairemont Capital do with its investment in Yahoo in response to this news This case provides students with opportunities to discuss shareholder activism the interaction between a company growth strategy and business model and its valuation discounted cash flow valuation analysis multiples valuation transaction based valuation and company valuation by parts.
Purchase this case aluing Yahoo in an PDF ENG HARVARD BUSINESS SCHOOL CASE Saudi Arabia Finding Stability after the Arab Spring In King Abdullah of Saudi Arabia was juggling several balls. At home there were pressures for liberalization from women and youth and pressures for more conservative religious observance and policy from the Muslim ulema. His domestic economic policy which entailed diversification infrastructure construction education and a move towards a knowledge economy remained difficult to implement because of oil s immense role in the GDP trade and the budget.