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Yahoo! Execs in Alternate Universe |
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| May 05, 2008 04:06 PM UTC |
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Tracked Blogger
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5/5 - "Even Legg Mason’s Bill Miller, Yahoo’s second largest shareholder and biggest supporter, who stumped publicly for a higher bid, seems dismayed by the result. In an NYT interview, he half-heartedly tries to blame the broken deal on Microsoft—why didn’t they counter Yahoo's $37?—but then makes clear that he’d have been on board at $34 (and, we suspect, at $33). If Yahoo wants to quell the growing shareholder rebellion, the company could start by trotting out at least one independent shareholder who supports the board's contention that Yahoo is worth even $37, let alone $40. In the absence of this, one can only conclude that the Yahoo board really is living in an alternate universe." 
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5 Related Views
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 N/A risk: moderate |
...But Has Microsoft Really Walked Away?
5/5 - "Did Microsoft (MSFT) really walk away from the Yahoo (YHOO) deal? Or was the weekend's behavior just yet another negotiating tactic? Or, more importantly, if it wasn't intended to be a negotiating tactic, will it become one, as Yahoo's shareholder rebellion grows?"
"It doesn't seem inconceivable that, over the next few days, Yahoo shareholders will effectively insist that negotiations...
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N/A risk: moderate |
Is Microsoft Getting Too Cautious?
5/5 - "I was convinced that Microsoft (NASDAQ: MSFT) would go hostile on Yahoo! (NASDAQ: YHOO). Microsoft is known as a tough player, right? And Yahoo seems to be a good strategic fit."
"...if you look at Oracle (NASDAQ: ORCL), you will see that hostile takeovers do work – even though they can be complicated and protracted (especially in the case of PeopleSoft transaction). With a hostile de...
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N/A risk: moderate |
Microsoft Now Needs to Exit Online Services
5/4 - "What got Microsoft Corp. (NASDAQ: MSFT) started on its Yahoo! (NASDAQ: YHOO) takeover proposal was a fairly boneheaded idea that it could turn its money-losing online advertising unit -- known as the Online Services Business (OSB) which in the last nine months lost $775 million -- into a profitable contender to Google Inc. (NASDAQ: GOOG).
"At this point, the only thing that keeps Micr...
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47% risk: moderate |
Analysts Critical of Yahoo!, But Story Might Not be Over
5/5 - "Piper Jaffray notes that while Microsoft officially pulled the bid to acquire Yahoo!, there are still many pieces and players that need to sort out before the dust truly settles. First, there is the obvious possibility that Yahoo! and Microsoft do hold further talks to potentially reach an agreement. As detailed in their 5/2 industry note on the proposed deal, Piper continues to believe ...
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Yahoo!'s Rejection Raises Corporate Governance Questions
5/4 - "Yahoo (YHOO) CEO Jerry Yang will be slammed in the media over the next coming weeks. In my opinion, the criticism will be well founded. It is very tough to make an argument that Mr. Yang is acting in the best interest of his shareholders in rejecting Microsoft's (MSFT) buyout offer."
"The MSFT/YHOO situation triggers deeper questions as to corporate governance in America. More specifi...
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Comments (1)
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Is Mr. Yang the goat for all these? Or can we really trust him for these turnaround promise? Afterall, Yahoo does seem to have a few interesting new products added to their lineup. |
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