Yahoo rejects joint Microsoft, Icahn proposal

Yahoo said on Saturday it has rejected a joint proposal from Microsoft and activist investor Carl Icahn that would have involved Yahoo selling its search business to Microsoft.

Yahoo said in a statement that it received the proposal on Friday evening and was given less than 24 hours to accept.

The Internet company said the terms proposed by Microsoft and Icahn were inferior to Yahoo's existing search advertising agreement with Google Inc, and would have precluded a potential sale of all of Yahoo for a full and fair price.

View: Full Article @ Reuters

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12 Comments

It's gotten to the point now, where this is doing too much damage to Yahoo Stocks. This needs to be resolved before everything plummets out of control.

I lost serious interest in this when Yahoo! rejected Microsoft's second offer of $33 a share.

Either Microsoft will buy Yahoo! (and deal with a lot of annoying antitrust work) or not.
Can we just ignore this until something actually happens?

(atari800 said @ #2.2)
I agree.

10 Microsoft makes offer
20 Yahoo rejects offer
30 Stockholders upset
40 Goto 10

It gets boring


It would be nice if the negations took place in Basic. The problem is that Microsoft insists on writing that program in .NET Framework and Sliverlight, while Yahoo wans to use their own propitiatory APIs.

(Sorry if that was that too obtuse of an analogy for you.)

(Airlink said @ #2.3)

It would be nice if the negations took place in Basic. The problem is that Microsoft insists on writing that program in .NET Framework and Sliverlight, while Yahoo wans to use their own propitiatory APIs.

(Sorry if that was that too obtuse of an analogy for you.)

No apology needed - I am amazed you picked up on the BASIC referenced used. Next time I'll do it in FORTRAN

These guys are freaking retarded. This is going to keep happening until the company is utterly worthless. How stupid can you get?

(Gotenks98 said @ #3)
These guys are freaking retarded. This is going to keep happening until the company is utterly worthless. How stupid can you get?

Without Yahoo, MS Live/MSN is doomed. Look at the marketshare numbers.

I wonder if this is what Microsoft meant when they said either we buy it the nice way or we will do a hostile takeover..
I also wonder how much MS paid Icahn to start this being as he is the main person behind all this mess. He's the one pushing to get this going.

And mark my words, Yahoo has something up their sleeves with Google.

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