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Rory Cellan-Jones

Yahoo says no?

  • Rory Cellan-Jones
  • 10 Feb 08, 07:53 GMT

Yahoo isn't commenting on reports that it has rejected the bid from Microsoft after a board meeting on Friday. We will probably know more when Wall Street starts trading on Monday.

But if Jerry Yang and his fellow directors are shutting the door to Microsoft they will need to explain to their shareholders exactly what their alternative strategy is.

Because it seems impossible that Yahoo can survive as an independent business - unless it manages to convince the regulators that an informal alliance with Google is no threat to competition, which seems unlikely.

Last night Yahoo responded to the 成人论坛's inquiries with this:

"Yahoo!'s Board is carefully and thoroughly evaluating the Microsoft
proposal in the context of all of the company's strategic alternatives,
and will pursue the best course of action to maximize long-term value
for shareholders. We are not providing details on the Board's review
process."

I'm off to the Mobile World Congress in Barcleona this morning where both Microsoft and Yahoo will have plenty of executives explaining how they are going to play a big part in the brave new world of the mobile internet. I'll be asking them how a MicroHoo future meshes in with those plans - but I'm not holding my breath for any answers....

Comments

  • 1.
  • At 10:01 AM on 10 Feb 2008,
  • James wrote:

Wow, the shareholders are going to go crazy if they don't have a good alterative strategy. This is going to become quite the saga.

To be honest I think that Yahoo saying no is just the media trying to bump the story up a bit seeing as it's gone dead for a few days.

I choose not to believe it, if there's not any valid evidence for the statement

  • 3.
  • At 02:11 PM on 10 Feb 2008,
  • Mark wrote:

Mr Yang and his board are about to find out what happens when you annoy your shareholders which I imagine will suit Ballmer and Co down to the ground.

Asking for $40 per share is silly since Yahoo haven't been valued at that level - and frankly never will be again - for quite some time.

This is just a ploy to force Microsoft to increase their offer for Yahoo. Shares in Yahoo will increase on Monday in anticipation of that, while Microsoft will decline further.

I hope Bill Gates fails to buy Yahoo Microsoft turns everything they touch into crappy and bad thing perfect example of that Xbox 360 and Windows Vista.

  • 6.
  • At 10:33 AM on 11 Feb 2008,
  • Jeff Moses wrote:

If Yahoo do say no I would not be supriised to see a "security" update to IE that for some reason reduces access to Yahoo !

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