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330°

Battered Yahoo Admits It Overplayed Hand; Open To New Microsoft Talks

"How's this for a quick cave? Less than 48 hours after Microsoft (MSFT) pulled the plug on its Yahoo (YHOO) offer, Yahoo has already admitted publicly that it would have been willing to do a deal below $37. It has also already said that it would be happy to reopen talks with Microsoft.

Why the backtrack?

Because Yahoo employees and shareholders are dismayed by the collapse of the deal.

I'm extremely disappointed in Jerry Yang," said Gordon Crawford, a portfolio manager at Capital Research Global Investors, which owns over 6% of Yahoo's shares. "I think he overplayed a weak hand. And I'm even more disappointed in the independent directors who were not responsive to the needs of independent shareholders." writes alleyinsider.com

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Lame
Non-professional, openly biased, should be an open zone submission if there was such a thing... maybe there should be...
RealityCheck6265d ago WhoDisagree(0)Agree(0)
condorstrike6266d ago

And Microsoft now will move in for the kill, too bad Google would have too many antitrust law problems due to advertisement monopoly because that would be a sweet merger, and a big kick in the but to Microsoft.

RealityCheck6265d ago (Edited 6265d ago )

Agreed. Showing such weak resolve in less than 2 days will leave Yahoo very vulnerable. They are pretty much done for now. On the plus side there might be interesting spin-offs opening around from the departing talent after the takedown occurs.

6266d ago Replies(1)
6266d ago
Lets-Game6266d ago (Edited 6266d ago )

industry - technology :)

DJ6266d ago

They've got 5x the market share of MSN, and are far more profitable. To give in now would be a huge mistake. They need to think long term instead of getting phased by a temporary stock dip.

Captain Tuttle6265d ago

It's the only chance they have to compete with Google.

gnothe16265d ago

DJ would you just shut up!! everything dealing with MS is BAD according to you!! evidently they NEED MS because now they WANNA talk an ADMITTED they did the wrong thing. so that means THEY know more about their business an what they NEED then you so just get over yourself an the hatred you have for MS.

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50°

TerraTech Legion blasts new tracks through the Bullet Heaven genre | TheSixthAxis

TSA writes: TerraTech Legion rolls into the enemy-infested wastelands, guns blazing, electricity arcing and explosives… exploding all around.

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80°

Final Fantasy IX Music Special Live Stream Announced For 25th Anniversary

Do not miss the Final Fantasy IX Music Special Live Stream on July 7th! Celebrate FFIX's 25th anniversary with unforgettable music.

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Goodguy011d 10h ago

And the remake announcement there probably.... hopefully

jznrpg1h ago

It should be there. All signs are pointing to it

60°

Eight must-play racing games still to come in 2025

These are the racing games we’re looking forward to playing in the second half of 2025.

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