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All Persons Who Purchased Yahoo!, Inc. securities between April 30, 2013 and December 14, 2016, inclusive

LOS ANGELES, CA Glancy Prongay & Murray LLP and Pomerantz LLP

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION

  IN RE YAHOO! INC. SECURITIES LITIGATION

  Case No. 5:17-CV-00373-LHK Hon. Lucy H. Koh

THIS DOCUMENT RELATES TO:

ALL ACTIONS

  SUMMARY NOTICE OF PROPOSED CLASS-ACTION SETTLEMENT

To: All Persons Who Purchased Yahoo!, Inc. securities between April 30, 2013 and December 14, 2016, inclusive.

A hearing will be held on September 6, 2018 at 1:30 p.m. before the Honorable Lucy H. Koh at the United States District Court for the Northern District of California, 280 South 1st Street, Courtroom 8, San Jose, CA 95113, to determine: (1) whether the proposed Settlement for $80,000,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds is fair and reasonable; (3) whether the application for an award of attorneys’ fees of up to $20,000,000 and reimbursement of expenses of not more than $750,000 and a payment of no more than $275,000 in total to the three Class Representatives for their reasonable costs and expenses should be approved; and (4) whether the Action should be dismissed with prejudice against the Defendants, as set forth in the Stipulation and Agreement of Settlement (the “Stipulation”) filed with the Court.

If you have not received the detailed Notice of Proposed Class-Action Settlement (the “Notice”) and Proof of Claim and Release Form, you may obtain them free of charge at www.yahoosecuritieslitigation.com or by contacting the Settlement Administrator at In re Yahoo! Inc. Securities Litigation, c/o JND Legal Administration, P.O. Box 91347, Seattle, WA 98111, or at [email protected].

If you purchased Yahoo! Inc. (“Yahoo”) securities between April 30, 2013 and December 14, 2016, inclusive, your rights may be affected by this Settlement.  As further described in the Notice, you will be bound by any Judgment entered in the Action, whether or not you make a claim, unless you request exclusion from the Settlement Class, in the manner set forth in the Notice, postmarked no later than August 16, 2018.

If you are a member of the Settlement Class and wish to share in the Settlement proceeds, you must submit a Proof of Claim no later than September 1, 2018 establishing that you are entitled to recovery.  Any objections to the Settlement, Plan of Allocation, or application for attorneys’ fees and expenses must be made in writing and must be provided to the Court and parties, in the manner set forth in the Notice, postmarked no later than August 16, 2018.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. Inquiries, other than requests for the Notice, may be made to Class Counsel at the addresses below.

Joshua L. Crowell

Joseph Cohen

GLANCY PRONGAY & MURRAY LLP

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

Telephone: (310) 201-9150

Jeremy A. Lieberman

POMERANTZ LLP

600 Third Avenue, Floor 20

New York, NY 10016

Telephone: (212) 661-1100

Dated: May 9, 2018

____________________________________ BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA

Yahoo! Inc. (NASDAQ:YHOO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Yahoo! Inc. (NASDAQ:YHOO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In connection with the previously announced pending sale…

The first thought that came to my mind after seeing news of Yahoo! Inc. (NASDAQ:YHOO) getting hacked was Oh Gosh…Not again..I am screwed… The next step was to answer what I do next? I quickly log into my email and after some brooding, seek surgical efficiency in exporting my data to another Gmail which is…

yahoo sold its core assets to verizon for $4.8B ... not bad, if you think that the stock has gone up ~ 150% in MM’s stay ... but keep in mind that the microsoft offer was in the vicinity of $50B ... although it’s not an apple-to-apple comparison, but in ball park ... & at the top of its youth, Yahoo! was a $120B company ... so, the question for every trader or trade is ...

should you take what you got or wait for time [to be on your side] ..?

Verizon Communications Inc. (NYSE:VZ) to buy Yahoo! Inc. (NASDAQ:YHOO) real estate and other selected assets for $4.8 billion.

Insiders and people close to the deal are leaking information that Verizon Communications Inc. (NYSE: VZ) has sealed a deal to purchase many assets from Yahoo! Inc. (NASDAQ:YHOO) which will be announced as soon as tomorrow Monday) morning.

The deal will include the Yahoo real estate assets but will not include the internet assets, the Alibaba investments or Yahoo Japan.

There has been much speculation recently that a deal in imminent but many were expecting the MAVENS assets to be included as well. MAVENS are Yahoos mobile, video and native advertising. These were Marrisa Mayer’s prized possessions and were key to her failed turn around attempt.

This deal, if it goes through could mean the end of the Marrisa Mayer era at Yahoo! Inc.

More to follow

Yahoo! Inc. (NASDAQ:YHOO) & Verizon Communications Inc. (NYSE:VZ) Deal

The rumors are out this morning that Verizon Communications Inc. (NYSE:VZ) is close to an agreement to buy Yahoo! Inc. (NASDAQ:YHOO). One intriguing way to play this possibility is with a long-dated Yahoo buy-write.

Long-dated buy-writes, typically involving buying shares and selling call options with a year or more to expiration, can be effective ways to speculate on takeovers. When deals are made for cash, virtually all the time value of the option disappears, since options are about volatility and cash, by definition, has none. Thus, depending on the terms of the deal, it’s actually possible to make money on both the long-stock and short-call components, or at least to make substantially more on the stock side than you lose on the option.

The added benefit is that the call premium effectively reduces the cost of buying the shares, so that if no deal happens, you at least have some cushion against the likely stock decline.

Buy Write Strategy

Consider Yahoo’s calls struck at $40, expiring in January of 2018, 18 months from now.   At yesterday’s close, you could have sold these calls at $4.30 while buying shares for $38.85, a net cost of $34.55. Assuming a cash deal of $40 or greater means a return of nearly 16% over 18 months or less, or slightly over 10% annualized. What’s more, if the deal should close, for cash, earlier than the options expire, the shortened lifespan of the options increases the annualized return.

If Verizon pays stock for part of all of Yahoo, the trade would turn into a buy-write on Verizon. But Verizon’s options trade at substantially lower implied volatilities than Yahoo’s even though Yahoo’s long-dated options already are trying to discount the effect of a deal. Plus, as a Verizon shareholder, you would receive a healthy 4% dividend.

The arrow in the chart below points to the effective cost of Yahoo shares as of Thursday’s close using this strategy.