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diff --git a/test/test-pages/nytimes-2/expected.html b/test/test-pages/nytimes-2/expected.html index fbff74c..e0e48ff 100644 --- a/test/test-pages/nytimes-2/expected.html +++ b/test/test-pages/nytimes-2/expected.html @@ -1,5 +1,20 @@ -<div> - <div> +<div id="page" xmlns:xlink="http://www.w3.org/1999/xlink"> + + + <main id="main" role="main"> + <article id="story"> + + + + + + + + + + + + <div> <figure id="media-100000004560166" data-media-action="modal" itemprop="associatedMedia" itemscope itemid="https://static01.nyt.com/images/2016/07/30/business/db-dealprof/db-dealprof-master315.jpg" itemtype="http://schema.org/ImageObject" aria-label="media" role="group"> <span>Photo</span> <div> @@ -17,11 +32,9 @@ <p data-para-count="529" data-total-count="854">The sale is being done in two steps. The <a href="https://www.sec.gov/Archives/edgar/data/1011006/000119312516656036/d178500dex22.htm">first step</a> will be the transfer of any assets related to Yahoo business to a singular subsidiary. This includes the stock in the business subsidiaries that make up Yahoo that are not already in the single subsidiary, as well as the odd assets like benefit plan rights. This is what is being sold to Verizon. A license of Yahoo’s oldest patents is being held back in the so-called Excalibur portfolio. This will stay with Yahoo, as will Yahoo’s stakes in Alibaba Group and Yahoo Japan.</p> <p data-para-count="479" data-total-count="1333">It is hard to overestimate how complex an asset sale like this is. Some of the assets are self-contained, but they must be gathered up and transferred. Employees need to be shuffled around and compensation arrangements redone. Many contracts, like the now-infamous one struck with the search engine Mozilla, which <a href="http://www.recode.net/2016/7/7/12116296/marissa-mayer-deal-mozilla-yahoo-payment">may result in a payment of up to a $1 billion</a>, will contain change-of-control provisions that will be set off and have to be addressed. Tax issues always loom large.</p> <p><a href="#story-continues-1">Continue reading the main story</a> </p></div> - - - - </div><div> - <div> + + + <div> <p data-para-count="602" data-total-count="1935" id="story-continues-2">In the second step, at the closing, <a href="https://www.sec.gov/Archives/edgar/data/1011006/000119312516656036/d178500dex22.htm">Yahoo will sell the stock</a> in the single subsidiary to Verizon. At that point, Yahoo will change its name to something without “Yahoo” in it. My favorite is simply Remain Co., the name Yahoo executives are using. Remain Co. will become a holding company for the Alibaba and Yahoo Japan stock. Included will also be $10 billion in cash, plus the Excalibur patent portfolio and a number of minority investments including Snapchat. Ahh, if only Yahoo had bought Snapchat instead of Tumblr (indeed, if only Yahoo had bought Google or Facebook when it had the chance).</p> <p data-para-count="262" data-total-count="2197" id="story-continues-3">Because it is a sale of a subsidiary, the $4.8 billion will be paid to Yahoo. Its shareholders will not receive any money unless Yahoo pays it out in a dividend (after paying taxes). Instead, Yahoo shareholders will be left holding shares in the renamed company.</p> @@ -41,7 +54,36 @@ <p data-para-count="450" data-total-count="6404">Finally, if another bidder still wants to acquire Yahoo, it has time. The agreement with Verizon allows Yahoo to terminate the deal and accept a superior offer by paying a $144 million breakup fee to Verizon. And if Yahoo shareholders change their minds and want to stick with Yahoo’s chief executive, <a href="http://topics.nytimes.com/top/reference/timestopics/people/m/marissa_mayer/index.html?inline=nyt-per" title="More articles about Marissa Mayer.">Marissa Mayer</a>, and vote down the deal, there is a so-called naked no-vote termination fee of $15 million payable to Verizon to reimburse expenses.</p> <p data-para-count="426" data-total-count="6830">All in all, this was as hairy a deal as they come. There was the procedural and logistical complications of selling a company when the chief executive wanted to stay. Then there was the fact that this was an asset sale, including all of the challenges that go with it. Throw in all of the tax issues and the fact that this is a public company, and it is likely that the lawyers involved will have nightmares for years to come.</p> <p><a href="#whats-next">Continue reading the main story</a> </p></div> - - - - </div>
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