I would really love to know what the Blood Alcohol Content of the Yahoo representatives that signed that contract was. Those terms seem absolutely braindead stupid.
I don’t know, but I bet Mozilla’s representatives’s were higher.
Idk, $375 million per annum through 2019 despite a declining user base, with the ability to leave the agreement at any time if Yahoo was acquired without incurring any penalty and where the new owner still has to pay out the contract without receiving anything in return, is a pretty goddamn good deal for Mozilla.
> According to documents filed with the U.S. Securities & Exchange Commission (SEC), Yahoo paid Mozilla $375 million in 2015, and is obligated for the same amount each year through 2019 under a five-year contract.
> 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.