Citigroup: Microsoft likely to raise bid for Yahoo
,----[ Quote ]
| Microsoft will most likely increase its initial $44.6 billion bid for Yahoo,
| according to a Citigroup Investment Research analyst.
`----
http://www.infoworld.com/article/08/03/25/Citigroup-says-Microsoft-likely-to-raise-bid-for-Yahoo_1.html
Good luck to Microsoft buying Linux/BSD boxes and going into debt.
^^^^^^^^^^^^^^^
Yahoo offers free supercomputing to Hadoop developers
,----[ Quote ]
| The deal is similar to one that the company completed last year with Carnegie
| Mellon University, providing Hadoop researchers at the university with a
| 4,000-processor supercomputer.
`----
http://www.linuxworld.com/news/2008/032508-yahoo-offers-free-supercomputing-to.html?fsrc=rss-linux-news
Recent:
Hip-hip-Hadoop!
,----[ Quote ]
| Just one more reason why the Microsoft-Yahoo merger, if it happens, will be
| hell:
|
| [...]
|
| Go[t] that? 10,000 core processors running GNU/Linux at the heart of Yahoo.
| Microsoft is damned if they do (rip and replace) and damned if they don't. Go
| on, make our day, Steve....
`----
http://opendotdotdot.blogspot.com/2008/02/hip-hip-hadoop.html
Microsoft says to borrow money for Yahoo deal
,----[ Quote ]
| Microsoft Corp said on Monday it may borrow money for the first time in its
| history to fund a portion of its $44.6 billion unsolicited offer for Yahoo
| Inc.
`----
http://www.reuters.com/article/companyNews/idUSN0455692920080205
Related:
Debt in Disguise
,----[ Quote ]
| The purpose of securitization is to make the credit rating of the company
| practically irrelevant in a financing, so that even in a bankruptcy the
| receivables cash flow will be protected....
|
| The rating agencies also rely greatly on legal constructs that say the
| payment stream to investors will not be hindered. For instance, the transfer
| of receivables to the SPE must be a "true sale." That is, the seller must not
| retain too much of the reward or the risk coming from the asset, says Robert
| Hahn, a partner with Hunton & Williams LLP. In addition, the SPE has to
| be "nonrecourse" — in other words, the company's creditors must not have
| claim to the assets of the SPE if the originating company goes bankrupt.
|
| "Securitization divorces the creditworthiness of the [company] from the
| credit of the pool," says Mark Spradling, a partner with Vinson & Elkings
| LLP. "True sale and nonconsolidation are part of that separation."
|
| But the opinion that legal control of receivables has passed to a third party
| has not been litigated in the bankruptcy courts....
|
| Tapping the capital markets without a lending bank in between means that even
| non-investment-grade companies can finance at near what triple-A companies
| pay.
`----
http://www.cfo.com/article.cfm/10013957/c_10203909?f=home_todayinfinance&x=1
|
|
