|
Tuesday, May 08, 2007
Industry Note: Who Should Buy Yahoo?
Analysts aren't strategists. And it's a good thing, too.
Here's a JPMorgan analyst floating a Google/Yahoo combo.
Synergies!! Scale!! etc...
In a spreadsheet, this looks like Keira Knightley in bikini.
From a strategic pov, it's more like Dick Cheney in a bikini.
The point is that Google and Yahoo have vastly different DNA. It would be (to mix metaphors) like Carl Lewis genetically absorbing the post Super Size Me Morgan Spurlock - a disaster (for both parties).
With ideas like this, it's no surprise the vast majority of mergers destroy value in the long-run.
Strategy isn't spreadsheets.
Back to the larger question for a sec.
Yahoo isn't a company in dire straits (yet). But it's more and more transparent what we've been predicting for a long time - the leadership is utterly bereft of vision and strategic imagination.
So who should buy Yahoo? What do you think? For my money, it's no one...yet :)
Comments:
Post a Comment
|
|
Recent Tweets
input
due diligence
ventureblog
a vc
techblurbs
tj's weblog
venture chronicles
terranova
the big picture
gigaom
venchar
bill burnham
babak nivi
n-c thoughts
paidcontent
techdirt
slashdot
london gsb
mefi
boingboing
blort
hardwax
betalounge
ing
morgan
chicago fed
dallas fed
ny fed
imf
world bank
nouriel roubini
portfolio
contact
mail.
uhaque (dot) mba2003 (at) london (dot) edu
skype.
umair.haque
atom feed
technorati profile
blog archives
|
|
