What's that you say? You want to buy the crown jewel of our business? But not for cash? And the rest of our company gets turned over to a man with no experience running Internet businesses?
We'll get right on that.
At this point, the only choice Yahoo's board has is "merger" or hostile takeover. They might as well flip a coin. 'Cos none of them are walking away from this unscathed either way.
Since the last round, Microsoft has acquired Powerset, whilst Yahoo has lost top execs and done an ad deal with Google. Microsoft looks in a stronger position this time around.
yeah offering 1b when they can make 800mm with goog and not lose ownership is stupid. i think if msft offered the whole deal again at 32 it would have to be accepted though