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Yahoo CEO Open to More Microsoft Talks

washingtonpost.com — Asked if Yahoo would still leave a door open for Microsoft to return, Yang said: "If they have anything new to say, we would be open. ... I am more than willing to listen."

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  • allaboutdatiki, on 05/06/2008, -1/+30Got stock plunge? Yahooooooooo!
    • jabberwolf, on 05/06/2008, -0/+1Yang is pulling BS.
      He had every opportunity to deal with MS but not 1 phone call, not 1 email from him, nothing.
      MS on the other hand made repeated attempts, and many warnings that they were going to walk away if yahoo didn't do anything.

      Yahoo did nothing, so MS walked away.

      Kinda simple, I don't know who Yang is foolings here but he's about to get sued bad by investors unless he resigns.
  • victorturbot, on 05/06/2008, -1/+17Haha... yeah, this is a bit late now. Someone misunderstood their negotiating position.
    • Kamujin, on 05/06/2008, -1/+3He's not serious. He's already going to get sued by his shareholders. He's just saying this to make it seem as if he's really interested in shareholder value.
    • over900000, on 05/06/2008, -0/+3Reminds me of that Seinfeld episode where George tries to negotiate the contract for their "nothing" show.
  • olafcore, on 05/06/2008, -14/+2You killed our stocks and now we need you to buy us for cheaper. Plan worked great, Microsoft.

    Assholes.
    • EggSaladKing, on 05/06/2008, -1/+17I wouldn't place blame on MS for this one. They offered a very, very generous price and Yang told them to go fly a kite. Yang now has to prove (and soon) that rebuking MS was the right thing to do for Yahoo's shareholders - if not Yang could find himself out of a job and the company he founded.
    • darthabominis, on 05/06/2008, -5/+3Learn how the stock market works before you make the easy Bash (company here) rant trying to look cool
    • UtilityPole, on 05/06/2008, -0/+3You don't seem to know much about stock valuation.

      When news of an acquisition surfaces, the share price of the company being swallowed up increases (in this case, Yahoo!) and the share price of the company that's acquiring the other (Microsoft) goes down.

      By turning down the offer and saying, "No that's not enough!" Yang's the one who brought down the share price.
    • duke3k, on 05/06/2008, -1/+5The assholes are Yang and the Yahoo board for turning down an incredibly handsome offer on the basis of pride.
    • jabberwolf, on 05/06/2008, -0/+1Those ASSHOLES, were OFFERING A HIGHER AMOUNT FOR STOCKS!
      Those ASSHOLES are WHY YAHOO STOCK WAS PULLED UP FROM 20$ a share!

      You are such a dumbass!
  • darthabominis, on 05/06/2008, -0/+24I'm not a MS fan boy by any stretch but i do have to agree with MS on this one, Yahoo was asking way to much for the deal with all the legal issues this will raise if a deal is ever made MS is smart to not overpay for yahoo. Yang thinks he's sitting on gold when all it really is is bronze, MS and Yahoo need to wake up and focus or Google will continue to trash them and that is not good,
    • UtilityPole, on 05/06/2008, -0/+5Well said. Yang's arrogance is pretty impressive. That, and he's completely delusional about how profitable his company will be.
  • ctoesite, on 05/06/2008, -0/+11What was that number you said again? .. 40 billion .. oh.. i thought you said 10...
  • rmxz, on 05/06/2008, -12/+1I tend to agree with Yahoo management on this one. They're most aware of how the Yahoo business roadmap looks; and if they think a higher price is appropriate they probably have reasons. If the other shareholders are "angry" at someone, I think they should mostly be angry at themselves for investing in a company with a management team that's aiming high.
    • Kamujin, on 05/06/2008, -0/+5Aiming high is important. Achieving those goals is more important. Yahoo has failed in that charge. Its not a new company.
  • olenick, on 05/06/2008, -1/+5Jerry screwed up, but MS can and should still just close this deal at $33-34, or somewhere about that (the walk probably cost Yahoo $1-2). MS still wants Yahoo: they were just sick of the whining and calling Yang's hand. They're not the type to pass a deal because their their feelings hurt. I don't think Yang cares as much about the stock price drop yesterday but rather the phone calls and shareholder lawsuits that came flooding in. He was always a placeholder CEO, but forgot about that. Now he realizes his choices are either sell to MS or be fired and have somebody else do the same, albeit on terms Yang finds less appealing. Remaining King of the Hill was never an option.
    • TheBogie, on 05/06/2008, -0/+3Jerry needs to take his head out of his ass and get the deal done. He is costing his shareholders a hell of a lot of money. It's almost criminal how one (incompetent) man can lose value for so many. How many mutual funds hold Yahoo stock? How many people have these funds in their 401K's? You didn't think about that, did you Jerry??

      He needs to extricate his head and smell the coffee, because where his head is now smells like *****.
      • Myztry, on 05/06/2008, -2/+3If your 401K, superannuation or whatever is held in a dot com then you need another fund manager. It's not kind of money for high risk ventures...
        • TheBogie, on 05/06/2008, -0/+2Yahoo stock will be a large holding in just about any tech heavy fund. You and Jerry obviously don't know this.

          Jerry messed up. He needs to deal with it.
        • rodrigo74, on 05/06/2008, -2/+3"How many people have these funds in their 401K's? "

          Anyone who put their 401K in a dotcom company should know very well the risk their taking. I wouldn't put such important money even on Google's hand, not to mention Yahoo.
    • duke3k, on 05/06/2008, -0/+2Yahoo isn' t a growth company by any metric I'm aware of. They should take 5 per share and count it as a blessing 10 years from now. Better yet, they should shutter their operations and GTFO
  • AccuraCast, on 05/06/2008, -9/+4Yang is begging for MSFT to now buy them at a lower price. Well played, Bill Gates!
    • gcnaddict, on 05/06/2008, -1/+8Ballmer. Gates had nothing to do with the negotiations.

      Gates would've had input had Yang agreed to an offer, Up until then, he was mostly just watching it all play out.
    • alanflores, on 05/06/2008, -2/+1@accuracast >> boooooo
  • anshuman, on 05/06/2008, -9/+4lol.. he just wants to torture Ballmer more. Yang will never sell out to microsoft , a company he have lived all his life seeing as a rival in both technology and ethics . so I am still dumbfounded why everyone (in wallstreet and MS) expected this to be cakewalk and thought yahoo will simply flip over, drop pants and bend over for the cash they were giving.

    I really hope a company so radically different in terms of technology used in running them dont merge, its will open rape of Yahoo and the bsd/linux/opensource technology they have used and mastered to make the company that it is in current.
  • danjal, on 05/06/2008, -3/+2You should listen to the the last edition of "This week in Tech" it was a great talk about this whole microsoft thing, they made a great metefore about yahoo being a car that was trying to be sold and that it all came down to Ego's and Yang worried about being known as the guy who sold out ot microsoft. The link to the podcast is here http://twit.tv/twit
  • MrFurious2k, on 05/06/2008, -0/+9Translation: Please keep the stock price up!
  • vidalsasoon, on 05/06/2008, -4/+1so sad.
  • lorductape, on 05/06/2008, -2/+4Yahoo has to realize that if they don't make this deal then they're going to tank sooner or later. I'm not a microsoft fan by any stretch of the imagination, but at least they'll be able to save this company.
  • SpykerSpeed, on 05/06/2008, -2/+1Microsoft should have made their initial offer insultingly-low. That's usually the way negotiations work. Instead they offered a ridiculous premium to the share price.
  • jlee2081, on 05/06/2008, -2/+4that tail between your legs cannot be comfortable...
  • UtilityPole, on 05/06/2008, -2/+5I'll never understand why Yahoo! thinks they're worth "more" than what they were offered. You're ***** dying, Yahoo- nobody uses your search engine anymore, Google's been beating you out in every respect (it's rare to see anyone prefer Yahoo! mail over Gmail, these days), and the only thing you're good for is reporting Reuters news. Get over your self.

    Christ, talk about arrogant.
  • WomensUnderwear, on 05/06/2008, -2/+0There Will Be FUD
  • InvaderDem, on 05/06/2008, -3/+2You know what ... I really don't like Jerry Yang. The only time he's going to be "willing to listen" is when Microsoft offers what he thinks Yahoo! should be sold for. Otherwise, he'll immediately shoot it down because he's an arrogant elitist. He might have gotten away with it earlier this decade, but they're not #1 anymore and he has a clouded vision that they are. And after Microsoft goes strictly to the shareholders and buys Yahoo! at a much cheaper rate, the shareholders will ask Yang, "Why didn't you agree to sell when they were offering $40+ billion?"
  • passya7, on 05/06/2008, -2/+0"they have anything new to say, we would be open"
    What else is Jerry suppose to say? If folks are thinking there is a higher bid they are really in for a surprise.
  • Myztry, on 05/06/2008, -2/+2Yahoo is still the only option for Microsoft (and others) to become a competitor to Google. Their is of course third ranked Baidu but Asian isn't going to blend with Corporate America.
    Advertising is the driving force behind all major markets. If Microsoft hopes to rise from fourth place, and into a market where $50 Billion will soon becoming pocket change, then they don't have any realistic choice. Already the market leaders are solidifying like all market do.
    If 2nd place could give Microsoft the ability to get to first place, then $100 Billion would be a cheap price. The trouble is Microsoft, for the first time, has to borrow just to go for second place.
    Despite having the absolute "only as idiot could fail' luxury of being the default provider for the majority of the worlds computers, they can't even 'organically' beat Yahoo, let alone Google...
  • Trax91, on 05/06/2008, -3/+2One word: Desperate
  • Rwned, on 05/06/2008, -2/+2Yahoo is dying. Their search marketing division is a joke now, with about 80% of their traffic coming from link farms. What do they have left? Email and Flickr? Hahahaha. Microsoft made them a good offer. I bet Yahoo comes crawling back to Gates soon enough.
  • doshindude, on 05/06/2008, -2/+1Yahoo is a leftover from Web 1.0. they should team up with MS if they want to keep from dying.
  • Egoist, on 05/06/2008, -0/+4A little lesson in company valuation: If a company's stock is trading at 65% less than what they claim it to be worth, yet not even the company itself sees the value in buying back their own stock, they're full of *****.

    MSFT isn't stupid, but Yang apparently is, and he just cost his shareholders $20 billion. If I was a shareholder, I'd already have my pitchfork and torch in hand.
  • illpoint, on 05/06/2008, -0/+0Yahoo does not want to be bought. What is wrong with that?

    Yang is just being diplomatic.
    • iHateApple2, on 05/06/2008, -0/+0actually everyone at Yahoo is praying that MS buys them. They are pissed off at Yang for not taking the offer, they know that sooner or later Yahoo will tank.
  • TROY7, on 05/06/2008, -0/+1Is any else getting tired of hearing about Google and Yahoo!?
  • break99, on 05/06/2008, -0/+1With this move, Steve Ballmer deserves CEO of the year award. Nice poker.
  • deadnewton, on 05/07/2008, -0/+1now..the bargaining is gonna go the other way round...
  • YodaJones, on 05/07/2008, -0/+2Frigging Yang and other Yahoo management. You dumb asses flip flop more than a typical politician.
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