Monday, May 5th 2008
Yahoo! Responds to Microsoft Withdrawal
Yahoo! has issued a statement in response to Microsoft's decision to pull out of its acquisition offer. Yahoo!'s Chairman Roy Bostock said,
Source:
HEXUS.channel
We remain focused on maximizing shareholder value and pursuing strategic opportunities that position Yahoo! for success and leadership in its markets,
From the beginning of this process, our independent board and our management have been steadfast in our belief that Microsoft's offer undervalued the company and we are pleased that so many of our shareholders joined us in expressing that view. Yahoo! is profitable, growing, and executing well on its strategic plan to capture the large opportunities in the relatively young online advertising market.Yahoo!'s CEO Jerry Yang also added:
With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users.
24 Comments on Yahoo! Responds to Microsoft Withdrawal
- Robert (pMr)dIj
Im not really where the "value" is that they trying to inflate ;)
Yahoo is still one of the top recognizable web presences with Google and AOL. Personally hate the IM, but I do have 2 yahoo email accounts for dumping to when I need to create a persona online.
Personally I dont quite understand why with so many companies offering the same and more
Yahoo is going to strike a deal with Google on a search engine partnership, or the investors and shareholders are going to get militant and MS will aquire Yahoo for 33$-37$ a share in the next several months.
If we could tune in to their secret conversations, you'd hear Bill Gates saying "Ready the layser!"
This was BAD for yahoo shareholders. AHAHA!