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Yahoo Sued for Spurning Microsoft

Posted by ScuttleMonkey on from the getting-hit-from-all-sides dept.

tuxgeek writes "In the continuing saga of Yahoo resisting a Microsoft buy out, Yahoo is now being sued by its shareholders. 'Two Detroit pension funds have sued Yahoo Inc. and its board of directors, saying they breached their duties to shareholders in trying to thwart a takeover by Microsoft Corp. The lawsuit was filed in Delaware Chancery Court on Thursday by lawyers representing Detroit's police and fire retirement system and general retirement system, as well as 'all other similarly situated public shareholders.'"

4 of 284 comments (clear)

  1. Re:Beholden to short term investors by The+Great+Pretender · · Score: 1, Offtopic

    Wheeeee, I won $50 on a bet that this would happen within 30 days of the offer, because Yahoo would turn the offer down.

    --
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort.
  2. Re:Im surprised by megaditto · · Score: 1, Offtopic

    The cynic in me says that the CEOs only get paid when the company gets fucked (see HP (re Carly Fiorina), Citigroup, Enron, WorldCom).

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    Obama likes poor people so much, he wants to make more of them.
  3. Know who else cared about grammar? The Nazis. by Deslock · · Score: 0, Offtopic

    it's = contraction of it is
    its = possessive of it

  4. tl;dr by Requiem18th · · Score: 0, Offtopic

    IM IN YR /.
    FELONNIN YR MSFT

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    But... the future refused to change.