Yahoo! expects to take a onetime charge of about $68 million inthe second fiscal quarter to account for buyout and relocationexpenses. When the deal was announced in February, it wasdescribed 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 June 1999, Crain Communications Inc.