Home > Plugged In > Archives > 2008 > February > 11 > Entry
Yahoo! board nixes Microsoft offer
Yahoo! gave Microsoft the old cold shoulder today.
In rejecting an offer that was 62 percent higher than Yahoo’s stock price before the bid, Yahoo head and cofounder Jerry Yang is saying he can do better.
Can he? Or is Yang just having separation anxiety?
Other reports have Yahoo looking at Time-Warner’s AOL unit or Google as possible partners. But wouldn’t those pose problems of their own? AOL has faltered for several years, trying to find a niche, and Google would most certainly face regulatory hurdles.
The fact is none of these are perfect, and Microsoft’s share price has suffered since making the bid more than a week ago.
A New York Times commentary criticized the strategy as targeting what was the last big thing, Internet search, rather than going after the next big thing, whatever that is. It’s a sad way to grow a company and doesn’t really take a Silicon-Valley chance on innovation.
Permalink | |
