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I figure Mayer was brought on to do one thing: sell the firm, at the best possible price. The Alibaba stake serves as a barrier against hostile takeovers (21B
by jldugger 11y ago
I figure Mayer was brought on to do one thing: sell the firm, at the best possible price.
The Alibaba stake serves as a barrier against hostile takeovers (21B is a lot of capital), but when the firm really does need a buyer, they don't have one. Presumably Mayer's goal is to attract a bid from either Google or Microsoft. She has contacts within Google, and should have a decent understanding of how the firm values acquisitions. Hence the layoffs, constructive dismissal of remote workers, the Firefox bid, and such.