After getting out of a deal with its rival Google for sharing ad space, Yahoo's CEO Jerry Yang wanted to go back to the bargaining table with Microsoft and renegotiate a deal that was turned down by Yahoo a few months back.This time, the tables have turned and Microsoft's CEO Steve Ballmer has stated that it would not be interested in going back to the table causing Yahoo's share price to drop over 15% in today's trading. Microsoft has stated that it is not going to look back to the past and will continue forward with its own strategy.
News source: BusinessWeek
If both companies don't want Yahoo, maybe a third party might step in to buy Yahoo, or else it will go bankrupt.
If both companies don't want Yahoo, maybe a third party might step in to buy Yahoo, or else it will go bankrupt.
Lol, something crap like News corp and rupert murdoch move in on them then it will be yahoo myspace. which would be very ugly... lol
Maybe they're both hoping that will happen. What's better than spending money on a failing giant? Waiting for it to fail and not having to clean up. This way MS and Google don't spend a cent and get what they want in the long run anyway!
Yahoo had their chance to save the company. Now it is just a matter of time before someone gets them at pennies on the dollar. Jerry Young has ruined any possibility that shareholders will ever get equitable value for their stock.
Geesh! Are you brain washed! Google surely hasn't done anything impressive, except maybe, buy everything in site and mainly make a mess of that themselves. Their gmail sure sucks way worse than Yahoo's anyday.
The problem here was that Yang and Ichann were fighting and Ichann wanted the deal to go through but with all that infighting those idiot shareholders who voted to keep Yang as CEO caused this mess and now they are only the ones to blame. They had the opportunity to get rid of Yang he's a garbage leader and lives in the past when Yahoo was king and trust me, Yahoo is a joke and maybe has a lead over Google in some asian markets and that's it. But in order to get Yang out the shareholders had the choice of punting him and they didn't.
BTW, I know that spelling doesn't count on the intarweb (according to the ignorant majority's behavior) but for god's sake - how do you (2 posters) get "Jerry Young" from "Jerry Yang?" It's not like it's a difficult name, in fact it is spelled out for you right there in EVERY SINGLE FREAKING ARTICLE discussing Yahoo.
What's embarrassing is unabashed ignorance.
Jerry Yang needs to be a man and step down.
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