Yahoo 1Q Results Beat Expectations; Sale to Be Completed by End of 2Q; Shares Remain Fairly Valued
Yahoo reported better-than-expected first-quarter 2017 top- and bottom-line results, yet these results won't raise the sales price of its core business to Verizon. Verizon's acquisition of Yahoo is likely to close in June. We have not made any significant adjustments to our Yahoo valuation, which remains at $45 per share based on our sum-of-the-parts analysis of the core business (price to be paid by Verizon), and discounted fair value estimates for Yahoo’s holdings in Alibaba and Yahoo Japan. W...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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