Yahoo! In The Balance – Board weighs options

The Yahoo! board is reportedly meeting Feb. 13 to decide how it will respond to Microsoft’s unsolicited $44.6 billion buyout offer.In advance of the scheduled, all-day meeting at Yahoo!’s headquarters in Sunnyvale, Calif., Chief Executive Jerry Yang went over the company’s options Friday in a phone meeting with board members, according to The Wall Street Journal’s blog All Things D.Those options include accepting Microsoft’s offer, negotiating with the Redmond, Wash., software giant for more money or forging an advertising outsourcing deal with Google.’s Directors Discuss How to Face Microsoft Bid
A week after Yahoo learned that it would be the target of a $44.6 billion hostile bid by Microsoft, the company’s board met on Friday to consider its options, a person briefed on the meeting said.The directors listened to a series of presentations from Yahoo’s management and its bankers, who argued that the company was worth more than what Microsoft has offered. The board was also presented with various options for maintaining Yahoo’s independence, this person said.One possibility that has been discussed is a search-related joint venture with Google. Lawyers at the meeting discussed the antitrust implications of such a tie-up, which would extend Google’s dominance of the search advertising market, the person said. They also discussed how to press Microsoft to increase its bid. Yahoo Board Strategizes on Microsoft Bid [Reuters]
Yahoo Inc’s board met by telephone on Friday and discussed strategy for getting Microsoft Corp to raise its $42 billion offer for the company and the possibility of hiring Google Inc to run Yahoo’s search, the Wall Street Journal said.Chief Executive Jerry Yang did not present such a Google alliance as “a preferred choice,” the newspaper said.The board has scheduled an in-person meeting for next week, the All Things Digital blog reported on Friday.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.