News over the weekend of two Detroit pension funds suing Yahoo for rejecting Microsoft's $41.2 billion offer, is the first bit of sanity that has come out of this whole story.
The proposed class action, filed by veteran shareholder litigation firm Bernstein Litowitz Berger & Grossman, takes Yahoo directors to task for spurning the Feb. 1 offer and "pursuing all manner of value-destructive third-party deals."
These pension funds are the only party who have the investor interests at heart. Regarding both Yahoo and Microsoft, it's hard to understand what they are thinking. Why would Microsoft pay a 60% premium for the much troubled search engine company? I understand that Microsoft basically wants to replace its own troubled MSN with Yahoo, but why overpay? I am sure that if it invested a fraction of this amount of money to generate more MSN traffic, things would improve.
View: Full Article @ Blogging Stocks
The proposed class action, filed by veteran shareholder litigation firm Bernstein Litowitz Berger & Grossman, takes Yahoo directors to task for spurning the Feb. 1 offer and "pursuing all manner of value-destructive third-party deals."
These pension funds are the only party who have the investor interests at heart. Regarding both Yahoo and Microsoft, it's hard to understand what they are thinking. Why would Microsoft pay a 60% premium for the much troubled search engine company? I understand that Microsoft basically wants to replace its own troubled MSN with Yahoo, but why overpay? I am sure that if it invested a fraction of this amount of money to generate more MSN traffic, things would improve.
View: Full Article @ Blogging Stocks
You don't think MS has thrown money in MSN yet ?? That's what MS is good at - throwing money. On the other end, having result, not so much. For example, hotmail is a 8+ years old interface completely outdated - and i am still waiting for the Live hype to materialize because as of today my account still "cannot be upgraded".
****ing lawyers and greedy morons.
Show me anyplace where that's the case in this topic.
That is the investors take on all this, because they don't feel that Yahoo is going to gain much more value than it has to this point, till sometime in the distant future and they are losing money until then.
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