The complex world of business auctions

For owners of a lagging business in New York, selling off certain aspects of a commercial enterprise can be imperative to ensure that success remains in sight for any remaining facets. However, this sales process can be exceedingly complex, especially when numerous parties are involved in making a bid.

After a largely unsuccessful period, internet giant Yahoo is nearing the close of a protracted auction intended to release a few of the company’s fundamental components, real estate and intellectual property. However, in addition to these benefits, there are some components that bidders must consider. One of these components is connected to any layoffs that may be issued, since a number of existing workers are in line for hefty payouts.

A previously arranged deal with Mozilla is another element potential buyers must evaluate. If Mozilla makes claims that it has been negatively impacted by the change in leadership, the new owner may be forced to pay $1 billion to Mozilla. This is due to a contract stipulation that if Yahoo was sold, Mozilla had the right to collect the remaining balance owed by Yahoo. Bids for the Yahoo operations have come from private equity firms, AT&T, and Verizon.

Businesses often face many legal challenges when involved in mergers and acquisitions. To this end, securing the services of an experienced attorney is crucial for navigating the often complicated process. That way business owners will be privy to information related to their specific circumstances, which can be a vital component for devising a sound legal strategy going forward.

Source: The New York Times, “Yahoo Is Said to Collect Final Bids as Auction Nears Its End,” Vindu Goel and Michael J. de la Merced, July 14, 2016

No Comments

Leave a comment
Comment Information

Hear From Our Clients

Mr. Skolnik and Mr. Gaboury have represented me on multiple cases over the past two years. They are dependable, knowledgeable, and professional. They provided high quality legal guidance for my small business during a difficult time and brought me a peace of mind. I highly recommend Cox Padmore Skolnik & Shakarchy as your legal business representative. -Anonymous

Read More Reviews

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Tap To Request An Exploratory Consultation

New York Office
630 Third Avenue
19th Floor
New York, NY 10017

Phone: 646-355-1648
New York Office Map

Great Neck Office
98 Cutter Mill Road
Suite 310N
Great Neck, NY 11021

Phone: 646-355-1648
Great Neck Office Map

Hackensack Office
27 Warren Street
Suite 304
Hackensack, NJ 07601

Phone: 646-355-1648
Hackensack Office Map

Denver Office
1060 Humboldt Street
Denver, CO 80218

Phone: 646-355-1648
Denver Office Map