Yahoo! expects to take a onetime charge of about $68 million in the second fiscal quarter to account for buyout and relocation expenses. When the deal was announced in February, it was described as a $4.6 billion stock swap. Many GeoCities employees have gotten rich from the Yahoo! buyout through valuable stock options. One GeoCities executive, who turned down offers to work at Yahoo!, bragged about the prospects of early retirement.
Copyright May 1999, Crain Communications Inc.