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@ 2016/07/10The big cheeses at the Mozzarella Foundation might see a pay out if Yahoo is sold off.
Recode has seen paperwork which indicates that Yahoo might have to pay Mozilla annual payments of $375 million through to 2019 if it does not think the buyer is one it wants to work with and walks away.
This was part of 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 in Firefox.
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.
Recode has seen paperwork which indicates that Yahoo might have to pay Mozilla annual payments of $375 million through to 2019 if it does not think the buyer is one it wants to work with and walks away.
This was part of 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 in Firefox.
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.
