Is Yahoo Trying to Get Microsoft to Bid Again?
Is Yahoo quietly trying to get bought out by Microsoft?
“But the story didn’t quite end there. Since then, Microsoft and Yahoo have gone back to the table twice. First, Microsoft entertained the possibility of acquiring Yahoo’s search for $1 billion and a buyback of Yahoo stock for $8 billion. After that deal fell through, we once again thought it was over. But now, they’re back to talking about a full buyout and Jerry Yang, not Ballmer, is starting to look like the CEO who really wants to get the deal done.”
“Sources close to the deal told TechCrunch that Yahoo “offered to sell to Microsoft for the low $30s per share, and below Microsoft’s original offer immediately before they signed the Google search deal.” And although that smacks of desperation, there’s even more trouble afoot for Yang and company. “
Jerry Yang is in quite a predicament. Shareholders want him to sell, yet due to their pressure he has little negotiation leverage thus forcing him to sell much cheaper than he would have wanted. But if he sells at a low price, stockholders would be even more discontent that he let the original deal get away. If he doesn’t sell, the next August 1 shareholder meeting is going to be a battle he won’t want to deal with. Lose-Lose situation. What is it going to be Jerry?
Paul
Sr. Manager of Web Marketing
LeadQual
Tags: Acquisition, Microsoft, News, yahoo
