Mozilla Could Walk Away and Still Get More Than $1 Billion If It Doesn’t Like Yahoo’s Buyer

Kara Swisher, reporting for Recode: Under terms of a contract that has been seen by Recode, whoever acquires Yahoo might have to pay Mozilla annual payments of $375 million through 2019 if it does not think the buyer is one it wants to work with and walks away. That’s according to a clause in the Silicon Valley giant’s official agreement with the browser maker that CEO Marissa Mayer struck in late 2014 to become the default search engine on the well-known Firefox browser in the U.S. Mozilla switched to Yahoo from Google after Mayer offered a much more lucrative deal that included what potential buyers of Yahoo say is an unprecedented term to protect Mozilla in a change-of-control scenario. It was a scenario that Mayer never thought would happen, which is why she apparently pushed through the possibly problematic deal point. According to the change-of-control term, 9.1 in the agreement,


Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/XANSvrX-WJI/mozilla-could-walk-away-and-still-get-more-than-1-billion-if-it-doesnt-like-yahoos-buyer

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