Yahoo CEO Jerry Yang cited the growing online advertising market and his company's position to take advantage of that growth as reasons for shareholders to reject Microsoft's acquisition bid, he said in a letter to shareholders Wednesday. The letter, the contents of which Yahoo made public Wednesday, stated that Microsoft's February 1, $44.5 billion unsolicited takeover offer was too low. Yang said that Yahoo is the most visited site in the United States, held the top position in online display advertising, and counted almost one out of two of the world's Internet users as its members. He also said Yahoo is the top mobile destination in the U.S.
Yang did not cite sources for most of his claims. However, comScore Networks research from November 2007 confirmed Yahoo's online display advertising leadership, with almost 19 percent of the market. The online ad market is expected to grow from $45 billion last year to $75 billion in 2010, Yang said, and that Yahoo wanted "to take advantage of what we see as a unique window of time in the growth -- and evolution -- of this market to build market share and to create value for stockholders."
Yang did not cite sources for most of his claims. However, comScore Networks research from November 2007 confirmed Yahoo's online display advertising leadership, with almost 19 percent of the market. The online ad market is expected to grow from $45 billion last year to $75 billion in 2010, Yang said, and that Yahoo wanted "to take advantage of what we see as a unique window of time in the growth -- and evolution -- of this market to build market share and to create value for stockholders."
Doesn't google hold both titles?
http://www.alexa.com/site/ds/top_sites?ts_...lobal&lang=none
Last edited by Nistic on 15 Feb 2008 - 04:25
For a company that's sinking fast, and rejected Microsoft's offer, and tried going to google so Microsoft wouldn't take over the company, they seem to be demanding a lot from Microsoft now.
Although, 80% of the live traffic is to mail. Whereas google/yahoo are a bit more diversified.
Is Yahoo stupid or are they just stupid literally.
At the same time, Yahoo is worth less than Microsoft's offering and they should be very grateful. Because of the news, Yahoo's stock went from under $20 a share to over $30 a share today.
the bit that made me laugh was
"almost one out of two of the world's Internet users as its members." i dont know anyone that uses yahoo. i used to have yahoo mail years ago, adn just checked and noticed it is still active even though i have not used it for quite a few years, so i am guessing they are counting everyone that has ever been a memebr even if they dont use it any more..
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