Yahoo! counts! the! reasons! it's better! off! without! Microsoft!
Defends right to sell itself
Steps to Take Before Choosing a Business Continuity Partner
Tired of taking it on the chin from bully activist investors, Yahoo! executives are counting the reasons why they're better off forging a advertising partnership Google rather than selling the company's search business to Microsoft.
In a letter to shareholders CEO Jerry Yang and chairman Roy Bostock said the Microsoft plan "would also have given Microsoft veto rights" on such things as a future sale of Yahoo. As a result, the pact it signed with Google earlier this month is much more attractive than anything it could have gotten from Redmond.
"While Microsoft's search-only hybrid proposal may have been helpful to Microsoft, our board and management concluded it would have had a significant adverse impact on Yahoo! strategically, leaving the company without the operational control of search assets and technology we view as critical to our objective of becoming a leader in the converging search and display advertising business," the letter stated.
The executives also said Yahoo's board of directors tried to get Microsoft to sweeten the terms of its offer, but that the efforts ultimately failed.
If Yang and Bostock sound just a tad defensive, investor Carl Icahn may have something to do with it. Arguing that a deal with Microsoft is more beneficial to shareholders, he is calling for Yahoo's current board members to be replaced with a slate of nominees who would approve the deal.
The Yahoo executives urged shareholders to reject Icahn's plan, calling it an "ill-advised agenda." ®
Requirements Checklist for Choosing a Cloud Backup and Recovery Service Provider
COMMENTS
Messenger numbers...
and just how many of those numbers of members using the different messengers, or even the hotmail/yahoo accounts mentioned, are active or inactive?
The active numbers are the only ones that really matter...
-- Smoovious
@Mark
Nope, Icahn is a very small cog in this. He has no special right any more than I do as a voter in the UK.
- thats my point, but he does have the same rights.
"self-serving" - all investors are self serving, why did you buy Yahoo shares?
"he's a self-serving retard" - who has done pretty well for himself inspite of this alleged handicap/
Can you suggest a scenario under which Icahn benefits and all other shareholders suffer? I fail to see this possibility, anyone with shares in Yahoo should love Icahn, and those with any sense do. Give me one scenario where he "fucks everyone over".
But as you are citing Abu Hamza and nothing you wrote made any sense, I suggest you probably dont reply.
Pegnuins....you know the drill.
IT infrastructure monitoring strategies
Requirements Checklist for Choosing a Cloud Backup and Recovery Service Provider
Cloud based data management
Enabling efficient data center monitoring
Agentless Backup is Not a Myth
