Microsoft Takeover of Yahoo-April 13, 2008
It's always considered noble to watch a man go down with his ship. But in the case with Jerry Yang, co-founder of Yahoo, I'm not sure I'd want to consider this noble.
As everyone is well aware, Microsoft made an unsolicited bid to Yahoo. Yahoo, who's arch rival is Microsoft, tried to sweep it under the rug hoping the bid would go away. When it didn't, 7 shareholder lawsuits erupted and Yahoo went behind the scenes to try and corner Google, Rupert Murdoch & AOL into providing a bid. They came up empty.
The Yahoo decides it will meet 1 time, where ultimately Yahoo kicked and screamed and Microsoft sat there and listened.
Time goes by, and Yahoo meets again, only because they know they're going to a proxy fight if they don't. Yahoo agrees to be sold if Microsoft raises the price. Microsoft stands their ground, and in the meantime secured a company who specifically handles proxy takeovers.
If you hear about talks with AOL, it's only to try and get Microsoft to up their offer. And the discussions floating around about the deal going south because of a new Ant-trust law in China taking effect in August? Won't make a difference for Microsoft. China's President loves Microsoft and Bill Gates, and does a lot to foster their economy. There's no way China's President would interfere.
Yang is pigeon-holed to Microsoft. It's only a matter of time before he goes down with the ship.
As everyone is well aware, Microsoft made an unsolicited bid to Yahoo. Yahoo, who's arch rival is Microsoft, tried to sweep it under the rug hoping the bid would go away. When it didn't, 7 shareholder lawsuits erupted and Yahoo went behind the scenes to try and corner Google, Rupert Murdoch & AOL into providing a bid. They came up empty.
The Yahoo decides it will meet 1 time, where ultimately Yahoo kicked and screamed and Microsoft sat there and listened.
Time goes by, and Yahoo meets again, only because they know they're going to a proxy fight if they don't. Yahoo agrees to be sold if Microsoft raises the price. Microsoft stands their ground, and in the meantime secured a company who specifically handles proxy takeovers.
If you hear about talks with AOL, it's only to try and get Microsoft to up their offer. And the discussions floating around about the deal going south because of a new Ant-trust law in China taking effect in August? Won't make a difference for Microsoft. China's President loves Microsoft and Bill Gates, and does a lot to foster their economy. There's no way China's President would interfere.
Yang is pigeon-holed to Microsoft. It's only a matter of time before he goes down with the ship.
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