Time Inc CEO Has Wall Street Scratching Its Head Over Yahoo Obsession
According to the NY Post One analyst confused about Mr. Ripp's Yahoo obsession even went as far as saying:
“Unless someone over there has some great, great insight, I don’t get it”
Time Inc's stock slid 4% since the start of this week indicating Investors may be feeling a bit queasy about this idea. Many of them probably can't get the AOL-TimeWarner horror out of their minds. They could also be concerned that Time Inc is punching way above its weight. Yahoo's media and search business is said to be valued at $4 billion. Time Inc's market cap is under $2 billion which is prompting Mr. Ripp to bring in a partner or partners. But, investors may not have to worry too long as Verizon which has money to burn, is seen as the top contender.
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Time Inc CEO Has Wall Street Scratching Its Head Over Yahoo Obsession
Reviewed by Editor
on
April 06, 2016
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