[bambam12897]

Wouldn't this just provide an opening for a investment firm to swoop in, buy Yahoo, sell all their assets and cash out?

Because no one is doing that... I'd have to guess there is more going on

[prostoalex]

There's likely a bunch of liabilities and break-up fees involved in such liquidation.

Real estate, data center space is likely to be under long-term leases with penalties for early termination.

Personnel layoffs are not a trivial thing either - there are severance costs which in case of upper management can run into tens of millions - http://sacramento.cbslocal.com/2014/04/17/fired-yahoo-coo-ge... And that's just US - Yahoo! has a network of European offices which likely have more protective labor laws.

[dlubarov]

Rather than liquidating the entire company, Yahoo could sell its Yahoo Japan and Alibaba shares, pay a one-time dividend, and keep its core business intact. The now-isolated core business would have positive value.

But it might be difficult to acquire a controlling interest in Yahoo without driving up the price.

[dragonwriter]

IOW, the suggested "total values" in the article could not in fact be realized by any market participant, and, thus, they aren't real values.

[vecter]

Liquidity has a cost. Yahoo probably has many illiquid assets, not to mention transaction costs. Plus, who has $37B to throw around?

[ISL]

Google. Berkshire. Apple. Etc.

[firebones]

That's what I wondered. Wouldn't they be better Icahn-bait than eBay?

[spullara]

I think you should probably review Icahns previous run at Yahoo.