Softbank Corp, Yahoo! Inc. Merger Rumor Circulating On Social Media
This comes after Bloomberg reported yesterday that Yahoo investor Alternative Investment Management & Research SA sent a letter to the tech giant’s CEO, Marissa Mayer, and SoftBank Chairman Masayoshi Son.
Since then, speculation about the suspected merger has been circulating on social media.
The majority of Twitter users just mused over the idea:
seems like Softbank would be getting very good deal/tax/$BABA/YHOO Japn control... et al with $YHOO buy
— Stock007 (@UdallTechStrat) October 1, 2014
The latest amusing rumor: SoftBank bidding for YHOO.
— zerohedge (@zerohedge) October 1, 2014
— The Fly (@theflynews) October 1, 2014
YHOO Softbank submitted bid for Yahoo - Media Report Softbank CEO Masayoshi Son is in contact with Meyer regarding merger of Yahoo and
— ZOZO (@zozotrader) October 1, 2014
Talk of Softbank making a bid for $YHOO
— ForexLive (@ForexLive) October 1, 2014
While Stocktwits users were mostly bullish:
— IronLion (@IronLion) Oct. 1 at 10:22 AM
— Zee Sadiq (@ZeeS) Oct. 1 at 10:57 AM
— cybercash28 (@cybercash28) Oct. 1 at 11:03 AM
Disclosure: At the time of this writing, the author had no position in the equities mentioned in this report.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.