Valleynag

A couple sources tell us that Jerry Yang is in talks with Neville Isdell of Coca Cola and Hormel president Jeffrey M. Ettinger about a possible alternative plan to the Microsoft acquisition.

In this plan, Coke and Hormel would trade ownership of the Minute Maid and Stagg Chili brands to Yahoo, in exchange for 30% stakes in a newly formed Yahoo, with the rest of the deal financed by repacking the remainder of Yahoo’s assets into an asset-backed security. This security would be divided into so-called “tranches” and sold to a variety of Hedge funds. Those funds will then repackage the tranches with various other financial instruments (including pork-belly future derivatives) into a “YAHOO Stock” gift card to be sold at Target stores nationwide.

Seems plausible to me, anyone have more details?