Wow, talk about saying nothing. Yahoo’s official public response to MS is a blunt “we’ll consider it”. Given that the offer was so high above Yahoo’s share price, especially after the earnings call meltdown on Tuesday, I’d hate to face shareholders after rejecting this offer which would likely send the stock down. I just can’t see Yahoo refusing this in light of lackluster performance over the past few years and a questionable future.
The word in tech land seems to be that Jerry Yang really does not want to sell to Microsoft. Understandably Yang probably wants more time at the helm to try to turn Yahoo around the good old fashioned way: Hard work. But I don’t think he’ll win this one. C’mon Jerry – your net worth just went up what, a billion dollars on the Microsoft offer? That’s got to be good for something.
Dis Closure: I got the Yahoo Stox. I wants them to go up.
Well, there is a pretty well defined procedure the board of directors has to go through now. It’s not like there’s a lot they can say until that’s happened…
Jeremy as long as you are not going to jump ship, I’m staying long on Yahoo….
The biggest problem with this one is the anti-trust implications; I just have difficulty seeing the Feds green-lighting this given MSFTs position in the marketplace.
…not to rain on your parade, Joe.
Paul I think Google could not aquire Yahoo for that reason, but even Microsoft+Yahoo won’t be close to Google in terms of online revenues, so I think MS will argue the merger will create online competition where there is little right now. MS is big in IT but losing tons of money online.
Geez, i bet you also don’t want to this logo to be posted soon. Microsoft+Yahoo. They just don’t fit together.
http://closingablaze.com/?p=26