Are Microsoft, Yahoo talking again?
p2pnet news | Products:- Are Microsoft and Yahoo back at the table?
And is Jerry Yang on the outs?
TechCrunch’s Erick Schonfeld says he’s chasing a rumour to the effect the Yahoo board of directors met earlier today, “and authorized chairman Roy Bostock, not CEO Jerry Yang, to call Ballmer about re-starting negotiations”.
Yang has been getting a lot of grief from angry shareholders for not taking Microsoft’s $33 a share offer, and instead holding out for $37 or $38, says the story.
Yesterday, Yang will, “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, p2pnet posted, going on:
“But on the off chance that ’somebody else’ may ‘come back someday and want to buy the company,’ he’ll listen”.
However, could this all be for naught?
“Now the Yahoo board may be rethinking that stance, and putting Bostock in charge of negotiations,” says Schonfeld, adding:
“The timetable for any new negotiations is about ten days, since Yahoo announced yesterday that its annual shareholder meeting will take place on July 3. That gives Microsoft (and anyone else) until May 15 to nominate an alternate slate of directors, should it choose to revisit that option.
“Whether or not Yahoo’s board actually met today and authorized Bostock to restart negotiations is entirely speculation at this point, say our sources. But here’s one more interesting tidbit. Today, Yahoo board member Eric Hippeau was supposed to speak on a panel with me and others at the In-Call Media Summit in New York (where we both live). He didn’t show up. Another venture capitalist from Softbank took his place. When I asked around what happened to Hippeau, I was told by someone else at the conference who would have known that he is in Sunnyvale. So maybe the board did meet today after all.”
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.Stumble It!
TechCrunch – Is Yang Still In Control At Yahoo?, May 6, 2008
p2pnet – Microsoft, Yahoo: on or off?, May 6, 2008
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May 7th, 2008 at 2:03 pm
I really don’t care anymore. This story is beating a dead horse.
Until they make some sort of deal, I’d be happier forgetting about these guys altogether. I understand there are some investors very interested in each revealing detail “as it happens”, but I am not an investor.
Don’t care, next…