Microsoft Offered $40 a Share For Yahoo 306
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."
Jerry Yang did the right thing (Score:5, Funny)
And isn't that what it's all about, folks?
"These go to $31." (Score:5, Funny)
Well, since you asked why:
Maybe not too far off the mark...
Cheers,
Re:He did something far worse than that... (Score:5, Funny)
Re:or do it because its the right thing? (Score:3, Funny)
It's like a fifty year old woman that dresses like a teenager. It's funny, yeah, but... a part of you feels so damn sad for her.
Re:He did something far worse than that... (Score:4, Funny)
Wonder of the litigious YAHOO shareholders ever see past their own noses too...
Re:It's like watching ugly people kiss (Score:5, Funny)
Re:It's like watching ugly people kiss (Score:4, Funny)
Re:It's like watching ugly people kiss (Score:2, Funny)
Read that again please