p2pnet - rss feed: Microsoft, Yahoo: on or off?
p2pnet news | Products:- You’d have to laugh at these guys if it wasn’t so sad.
Yesterday, with the ‘will they or won’t they’ proposed Microsoft buyout of Yahoo in mind, “Is this little more than another stage in the elaborate, if not bizarre, corporate courtship dance?” - we wondered.
Bill Gates replacement Steve Ballmer said he wasn’t going to play any more: he was taking his marbles home.
But today, Yahoo CEO Jerry Yang, “criticized by some investors for rejecting Microsoft Corp.’s $47.5 billion takeover bid,” said he’ll still think about selling to Bill and the Boyz, “or another bidder for the right price,” says Bloomberg News.
Meanwhile, he’ll, “continue a strategy to boost Internet advertising sales and is speaking with other companies about ways to increase Yahoo’s value” even though it isn’t for sale.
But on the off chance that “somebody else” may “come back someday and want to buy the company,” he’ll listen.
Yang told Reuters he had “mixed feelings” about events at the weekend when talks broke down.
“Investors showed their disappointment over the breakup of negotiations by sending Yahoo shares down 15 percent on Monday.”
Meanwhile, according to the Mercury News, ” One hedge fund manager said he was encouraging investors to vote against Yahoo’s board members at the next annual meeting, which the company scheduled late Monday for July 3.
“I haven’t spoken to one Yahoo shareholder who is happy,” the story has Eric Jackson of Ironfire Capital, a small, activist hedge fund saying, adding:
“Jackson said the dozen investors he’d spoken to were ‘upset, frustrated and wanting to know what they can do’.”
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.Stumble It!
corporate courtship dance - Microsoft, Yahoo wedding not to be, May 5, 2008
Bloomberg News - Yahoo’s Yang Says He’ll Listen as Investors Urge Sale, May 6, 2008
Reuters - Yahoo CEO says still open to Microsoft talks, May 6, 2008
Mercury News - Yahoo investors up in arms, May 6, 2008
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