ation {10% discount rate, mid-term FCF FY18-25E CAGR of 18%, 4% terminal growth} x 384mn shares at 20% discount rate), $6.1 for Yahoo Japan, $0.5 for Excalibur patents, and $6.9 in cash and cash equivalents on Yahoo's balance sheet. We 58 _Internet/e-Commerce | 06 April 2017 Bankof America <2 Merrill Lynch

acent high roller jet terminals HM Preferred south Strip location adjacent to four of the largest resorts in North America (MGM Grand, Mandalay Bay, Excalibur and Luxor). M@ Established and high traffic location on the Las Vegas Strip mM Numerous world-class resorts, convention centers, luxury shopping, d

Italian- Made Dress Robert E. Lee’s Descendant Leaves Church After Denouncing White Supremacy Girl Pulls Sword From Legendary Lake Of King Arthur’s Excalibur Subscribe to The Morning Email Wake up to the day's most important news. Top of Form Bottom of Form Top of Form Bottom of Form Private Donor Help

es-descendant-run-out-of-church-after-denouncing-white- supr=macy_us_59aea7d9e4b0b5e53100dad2> Girl Pulls Sword From Legendary Lake Of Ki=g Arthur's Excalibur <http://www.huffingtonpost.comientry/sword- found-in-excalibur-lake_=s_59ae946ee4b0bSeS3100b997> <http://www.huffingtonpost.com/e=try/sword-found-in