D-Day for Yahoo
Board will meet to make a decision on Microsoft's offer.
Industry:
Technology
Summary:
The Company provides targeted advertising and global internet search solutions as well as intranet solutions via an enterprise search appliance.
Primary executive:
Dr. Eric E. Schmidt, Ph.D.,
Industry:
Technology
Summary:
The Company develops, manufactures, licenses, and supports a range of software products for many computing devices.
Primary executive:
Steven A. Ballmer,
Industry:
Technology
Summary:
The Company is a global Intenet brand and trafficked destinations worldwide. It is focused on powering its communities of
Primary executive:
Jerry Yang,
Jerry Yang
Industry:
Technology
Biography:
The Board of Directors of the Company appointed Jerry Yang, age 38, to serve as Chief Executive Officer of the Company. Mr.
Is today the day that
Yahoo will capitulate to
Microsoft—or declare its resistance?
Michael Arrington on the TechCrunch blog says that a special meeting of Yahoo's board will take place today "to determine, effectively, the fate of the company."
Yahoo has only two options left, TechCrunch says: accept the offer in principle and try to negotiate a better price or reach a deal to outsource search advertising, and possibly even search itself, to
Google.
When Microsoft made public its "bear hug" offer of $44.6 billion in cash and stock on January 31, Yahoo responded by saying that its board "will valuate this proposal carefully and promptly in the context of Yahoo's strategic plans."
Other than a company email from Yahoo's chief executive,
Jerry Yang, seeking to rally employee morale (although not using capital letters probably didn't help), Yahoo has so far been silent on what it plans to do.
Henry Blodget on Silicon Alley Insider says that there is a 60 percent chance that Yahoo will announce that it is willing to engage with Microsoft, in an effort to get better terms for a deal.
"We think it's unlikely that Microsoft will raise its bid—why should it, when Yahoo has no alternative?" Blodget says.
Still, he says, "engaging with Microsoft would buy time, and it would also be theoretically possible that the negotiating sessions could lead to a better Microsoft deal, one that wouldn't be a disaster."
Michael Arrington on the TechCrunch blog says that a special meeting of Yahoo's board will take place today "to determine, effectively, the fate of the company."
Yahoo has only two options left, TechCrunch says: accept the offer in principle and try to negotiate a better price or reach a deal to outsource search advertising, and possibly even search itself, to
When Microsoft made public its "bear hug" offer of $44.6 billion in cash and stock on January 31, Yahoo responded by saying that its board "will valuate this proposal carefully and promptly in the context of Yahoo's strategic plans."
Other than a company email from Yahoo's chief executive,
Henry Blodget on Silicon Alley Insider says that there is a 60 percent chance that Yahoo will announce that it is willing to engage with Microsoft, in an effort to get better terms for a deal.
"We think it's unlikely that Microsoft will raise its bid—why should it, when Yahoo has no alternative?" Blodget says.
Still, he says, "engaging with Microsoft would buy time, and it would also be theoretically possible that the negotiating sessions could lead to a better Microsoft deal, one that wouldn't be a disaster."


