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The initial bids for Yahoo are due next week, and thanks (in part) to its real estate, the internet giant might be more expensive than people realize.
Yahoo’s core worth rests in its advertising business (valued at $1.5B, per SunTrust) and its patent holdings.
With over 6,000 patents—2,000 active—that alone could fetch a price over $3B from the 40-plus interested buyers, Variety reports.
However, Yahoo’s valuation wild card could come from its real estate, an "under-appreciated" asset for the company. It currently sits on 1M SF of real estate, estimated at $1B.
Back in February, Yahoo said it could take a page out of Sears' book by selling off its real estate assets—a move that could generate up to $3B in cash.
Collectively, the different assets could bring Yahoo’s price tag up to at least $8B—if not higher. [Variety]
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