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Microsoft Offered $40 a Share For Yahoo

Posted by kdawson on from the maximizing-shareholder-value dept.

fistfullast33l writes "Bloomberg is reporting that a recently unsealed court case by shareholders against Yahoo reveals that Microsoft offered $40 a share for the Internet search company in January 2007 and Yahoo turned it down. We've extensively discussed Microsoft's bid for Yahoo earlier this year for $33 a share, which was rebuffed. Investor Carl Icahn has launched a proxy fight against Yahoo over the spurning of the Microsoft deal." CWmike notes Computerworld's coverage of the revelations: "The complaint places much of the blame on [Yahoo CEO Jerry] Yang, describing him as someone with a 'well-known' antipathy toward Microsoft who acted out of a personal interest to keep Yahoo independent. Something wrong with that? Oh, yeah... public company."

3 of 306 comments (clear)

  1. Jerry Yang did the right thing by elrous0 · · Score: 5, Funny
    Sure it cost his shareholders billions, sure he's going to lose his job and be sued into oblivion for gross mismanagement, sure he will be lucky to make it out of the shareholder's meeting without being tarred and feathered. But the important thing is that he stood up to Bill Gates, stuck out his tongue, and yelled "I DON'T LIKE YOU!"

    And isn't that what it's all about, folks?

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
  2. "These go to $31." by zooblethorpe · · Score: 5, Funny

    I think people are being way too slow to jump the sinking ship here - if I were a YHOO shareholder, I'd have dumped as soon as the offer hit the table and the stock hit $30. Why on earth would you hold out for $31?

    Well, since you asked why:

    Nigel Tufnel: Well, it's one higher, isn't it? It's not $30. You see, most blokes, you know, will be selling at $30. You're on $30 here, all the way up, all the way up, all the way up, you're on $30 in your portfolio. Where can you go from there? Where?
    Marty DiBergi: I don't know.
    Nigel Tufnel: Nowhere. Exactly. What we do is, if we need that extra push over the cliff, you know what we do?
    Marty DiBergi: Hold out for $31.
    Nigel Tufnel: 31. Exactly. One higher.

    Maybe not too far off the mark...

    Cheers,

    --
    "What in the name of Fats Waller is that?"
    "A four-foot prune."
  3. Re:He did something far worse than that... by Reverend528 · · Score: 5, Funny

    Clearly google is a biased source.

    --
    Badass Resumes