The air is thick with the smell of desperation: We find it hilarious that Yahoo's Jerry Yang now yearns for Microsoft after spurning their generous bid -- which was deemed inadequate by the short sighted board of directors -- so many months ago. We didn't think that it was possible for Yahoo to look any dumber. But we were wrong. Now that their partnership with Google has collapsed Yang better be wearing knee pads if he expects to get Microsoft back at the table. And he better dramatically lower his price expectations.
Yahoo's Yang: Best Option Is For Microsoft To Buy Yahoo - Dow Jones via CNNMoney
It is sad to say about lowered expectations of the price of the deal but given the current economic climate, I understand.
This has to go down in history as one of the stupidest moves by a CEO in a VERRRY long time. And just like you, I really do not buy Yang's excuses why the negotiations broke down. Considering that Mr. Softy went with hand in hat 2 times, I think we can conclude that he was serious about his intentions and gave a good offer {like over 60% of its going price at the time}.
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Posted by: Ronald Rutherford | November 06, 2008 at 06:02 PM