Mergers & Acquisition & Corporate Restructuring

Valuation Method & Strategic Alliance of Yahoo & Ebay’s

Prof: C.S. Balasubramanium

Group Member

Name Roll No

Aftab Dalvi 26

Sharukh Kinariwala 29

Mohammed Mujahid Sajan 32

Hussain Shaikh 35

Yahoo!

Early history (1994–1996).Dot-com bubble (2000–2001).Post dot-com bubble (2002–2005).Yahoo! (2006–2008).Carol Bartz era (2009–2011).Scott Thompson period (2012).Marissa Mayer era (2012-present).

Ebay

History.Corporate affairs.Use for data analysis.ebay.com.Controversy and criticism.

Valuation Method

• “True" value of a firm Dividend Discount

Model

• Two-Stage DCF modelDiscounted Cash Flow

Model

Comparable Method

Price-to-earnings (P/E)

Price-to-book (P/B)

Price-to-sales (P/S)

Price-to-cash flow (P/CF)

Strategic Alliance of Yahoo & Ebay

Benefits of Alliance

Search and Advertising

Integrated Commerce Payment System

Co-Branded eBay Toolbar

“Click-to-Call” Advertising Functionality