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November 6, 2008
Yang Says Microsoft Deal is Best Bet for Yahoo
Jerry Yang told attendees at the Web 2.0 Summit yesterday that a deal with Microsoft is still the best option for Yahoo.
To which I say: Then why didn't you accept the $31 per share acquisition offer made earlier this year?
And then I read this: "People who know me know I don't have an ego about remaining independent versus not remaining independent."
Wow. I have to admit that asking for $35-37 per share earlier this year seemed a bit egotistical on the "Let's stay independent front."
To be fair, with both sides having slung a fair amount of mud, it is difficult to know what really went down. And really, any CEO who isn't at least somewhat egotistical about his own company isn't worth his weight in gold.
Matters of ego aside, it seems that a white flag might be flying over the Sunnyvale campus. Now, we'll wait to see just how low that Yahoo stock goes before the white knight of Microsoft comes by to do the rescuing.
Posted by Nathania Johnson on November 6, 2008 11:07 AM
Comments
Commodity Trading Account November 6, 2008 1:56 PM
I really don't want to see our choices fall to just two. However, I would rather see Yahoo join up with Adcenter than with Google.
Yahoo will bring a lot of Web centric employees with web entrepreneur attitudes. MS is sadly a lot like how the Mac commercials portray them. With the addition of Yahoo and a well run integration they may come out as a strong alternative to Google.
Google with Yahoo I feel would result in a watered down Yahoo with lack luster results.
It is very unfortunate that Yang could not make a decisive decision earlier this year and saved his employees 401ks and stock incentive plans 70% of their value. Although Microsoft may have been hardballing for the best deal, which is expected in business, it is also obvious now that the Google deal was far from certain. Hindsight is 20/20 but Yang et all made a very poor decision.
For the sake of the employees I'm cheering for Yahoo to turn it around.
Jerry Nordstrom
Lead Discovery
Jerry Nordstrom November 7, 2008 10:38 AM
I think it's a little bit late Mr. Yang