Yahoo Sued for Spurning Microsoft

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.'"

Reminds me of a trilogy

[Anonymous Coward]

"I have an offer you can't refuse"

Re:Reminds me of a trilogy

[gowen]

That's not a trilogy. Godfather, Godfather Pt II. That's all they made. There is no terrible, ill-conceived third Godfather film. Didn't happen. And there's certainly no implausibly-plotted, badly written, third film with Frances Coppola's immediate family stinking up the acting joint. Not listening. Na-na-na-na-na-can't-hear-you.

Re: IAALS

[Anonymous Coward]

"I am a lousy speller"

Yew herd I.T. hear forth.

Re:Beholden to short term investors

[iphayd]

you just did.

michiganese

[Eil]

Here in Michigan, we have a term for things like this.

Yahoo just got "Detroited."

Re:Beholden to short term investors

[jez9999]

It's the whole package the search, the messenger and

... looks like it's not the whole package after all.

We need a name for the combined company.

[Futurepower(R)]

See, the Micro-Hoo merger is already making money for some people.

Re:We need a name for the combined company.

[weierstrass]

s/people/lawyers/

I agree!

[Vexorian]

1. Yahoo stockholders sue yahoo.
2. Microsoft buys yahoo stocks.
3. Yahoo stock goes up.
4. Desperate stockholders sell
5. Yahoo stock plummets.
6. Microsoft loses millions in stocks.
7. ????
8. Profit!