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  "documentTitle": "SpringOwl | Activist Presentation Deck | 99 slides",
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  "authorName": "SpringOwl",
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  "presentationDate": "2015-12-01 00:00:00",
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  "notes": "Uses a historical precedent to argue against the 'hopeless' narrative of Yahoo as a public company.",
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      "kind": "callout",
      "text": "It's nonsense to think Yahoo can't be turned around as a public company",
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      "text": "In 2011, before Dan Loeb announced Third Point's stake, it was reported that Silver Lake and Marc Andreessen wanted to buy Yahoo for $16.50/share or $18 billion. Many commentators on CNBC at the time said this price sounded like a 'good deal' for Yahoo shareholders because Yahoo was too hard to turn around. If Silver Lake/Andreessen had been successful, they would have received not only Yahoo's Core Business, its $9 billion stake in Yahoo Japan, but also its then 44% stake in Alibaba which today would be worth $89 billion. When you hear people say that 'Yahoo should be chopped up' by private equity because Yahoo is 'hopeless', what they're really saying is that Yahoo's public market shareholders should do a wealth transfer to some private equity LPs or public holders of companies like Verizon",
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      "kind": "source-note",
      "text": "Source: 1. http://allthingsd.com/20111130/yahoo-bidders-come-in-at-16-50-to-17-50-with-plan-to-keep-jerry-yang-staying-on-board/",
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      "kind": "title",
      "text": "Private Equity Has Tried To Buy Yahoo For Cheap Before",
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