Investment fund Mithras Capital has floated a new proposal designed to help get Yahoo out of financial doldrums: take the company back to Microsoft’s doorstep. Under the proposal, Yahoo would sell off its Asian assets and non-search related business, and offer up the remainder to Microsoft for $22 per share. The per-share price would represent a 74 percent premium over Yahoo’s current stock price…but the way the market has been behaving lately, that premium might shrink quickly.
“It is imperative for the Yahoo board to embrace this proposal as the best outcome for long-suffering Yahoo shareholders,” said Mithras partner Mark Nelson in a press release.
