Shareholder Backs Yahoo!, Supports Independence

mikkl666 writes "In a follow-up to yesterday's story about the struggle between Microsoft and Yahoo!, major Yahoo! shareholder Legg Mason has announced that they are ready to back the company in their effort to keep out of Microsoft's grip. According to portfolio manager Bill Miller, 'the problem is Microsoft blundered with the letter this weekend. Telling the shareholders you're going to take something away from them is not a way to get their support'. Nevertheless, he believes Microsoft will end up paying what it takes to own Yahoo."

Comments

Re:What is MS hoping to gain exactly?

[Jugalator]

Microsoft is currently pushing a lot for web services, and Yahoo has a number of high profile web services, the most well-known perhaps being Flickr, Kelkoo, and del.icio.us. Yahoo! Mail also actually has a lot of users as well. They also either run or own other web services, and the combined list of MS + Yahoo web services would be quite formidable. ;) So I think this is just a rather natural step for Microsoft to simply increase their online market share. It does seem a bit "unfocused" to me, but that hold true even before this, with Microsoft's own Live services alone. I guess it's just Microsoft's business idea. :-p