Press
Yahoo Still Yanging Onto Microsoft Deal
Posted by Wilson Rothman at 11:35 PM on May 6, 2008
Yahoo founder and beleaguered CEO Jerry Yang decided yesterday that it was Microsoft's fault that the merger talks fell apart, even though Microsoft upped its bid from US$31 to US$33 in order to keep negotiations going. Yang wanted US$37 per share—a far cry from the US$24.37 it dropped to when Microsoft walked. Bottom line: Jerry finally figured out everyone hates him for screwing up a good thing, and now he's sitting there calling Microsoft's number over and over, bottle of Beam by his side, hoping beyond hope that Microsoft, and not Microsoft's angry mum, picks up. Actually, Jerry, from what we've read, we're not sure anyone's gonna pick up. [Reuters]

Comments (AU Comments · US Comments)
There are currently no AU comments for this post.
jdhuck
Posted 12:29 AM 7/5/08
@froggy: I tend to think that it is in MS's best interest to buy Yahoo. I just think they need to wait and not overpay.
jdhuck
N@tedog
Posted 12:21 AM 7/5/08
@Joseph: Not those of us who had it when it was at $40 2 years ago.
>.<
N@tedog
alex189a
Posted 12:12 AM 7/5/08
@OtterKing: For that kind of money I'd call the fat bastard whatever he wants me to.
alex189a
OtterKing
Posted 12:08 AM 7/5/08
Does that caption imply that Yang is calling Ballmer 'babe?' *shudders*
OtterKing
Seiven
Posted 12:05 AM 7/5/08
@froggy: I say he offers the smug bastard 30 and tells him that was for brushing him off before
Seiven
Seiven
Posted 12:04 AM 7/5/08
lol just checked and CC is at $5 while Yahoo is at $25
Seiven
froggy
Posted 12:03 AM 7/5/08
well, it might turn out that Ballmer will pick up yahoo for his initial $31 a share in stock. which would, in the end, make MS shares jump quite a bit I think, and give Yahoo shareholders a little sweeter deal. or he might just walk away (tho I think that would be a good idea in the long run).
froggy
Seiven
Posted 12:02 AM 7/5/08
@jdhuck: He should have known better...this is like when Circuit City was offered a buyout at $17 a share and they refused looking for $23 and 3 months later they were trading at $4
serves the greedy bastards right
Seiven
Joseph
Posted 12:02 AM 7/5/08
If yang hit $37, some people would make bank right now.
Joseph
jdhuck
Posted 11:57 PM 6/5/08
Sometimes when you play with the big boys, you get bitch slapped and sent home.
jdhuck
middy
Posted 11:55 PM 6/5/08
LOL @ Yang everyone...
LOL
@
YANG
middy
Curves
Posted 11:45 PM 6/5/08
He might have gotton $35 a share if he had a decent hair cut.
Curves
TOWken22
Posted 12:48 AM 7/5/08
Jerry Yang reminds of the Empress Club Kristen (a very, very ugly version). Receiving a large offer, better than anything else out there (GGW in Kristen's case), and then getting a bloated ego thinking you are hotter shit than you really are, only to lose out on an opportunity that was like having a winning lottery ticket dropped in your lap.
Good luck with the singing career Jerry, "She bang, She bang"
TOWken22
sisedi
Posted 12:40 AM 7/5/08
I love that pic, thanks Giz.
sisedi
froggy
Posted 1:26 AM 7/5/08
@jdhuck: sorry, I meant to say it would NOT be a good idea to just walk away from Yahoo. They need better coverage on the web, esp. bc of competition from Google Aps and the like. Office Life with Yahoo in tow would be a very powerful competitor in the field - think online collaboration between Messenger (Video) and Office.
oh, on a low note... think of the sheer security nightmare that type of collaboration would entail.
froggy
Joseph
Posted 1:20 AM 7/5/08
@N@tedog: :( Im sowwy. Get some FSLR, that should offset you, I mean they had 1000% growth since Jan 2007--J/K I'm not a financial anything, don't listen to me.
Joseph
jdhuck
Posted 1:50 AM 7/5/08
@Curves: Dear Steve,
Do you like me?
Please check Yes or No.
Love,
Jerry
jdhuck
SigmundTheSeaMonster
Posted 1:46 AM 7/5/08
@designguybrown: I hear ya. Yahoo has been solid with my hosting, the filtering of spam on my email accounts pretty dead on, and their phone support is outstanding.
If anything, MS needs to learn a thing or two about how to provide a service, rather than buy it up and spit out cheap (Xbox hardware, MSN, Hotmail, Vista, ...)
SigmundTheSeaMonster
andrelix
Posted 1:41 AM 7/5/08
Wow Yahoo!, you decided to wake up and smell the coffee, just a little too late. I have to agree with many that this is a pure greed move by Yahoo! and if they don't offer something quick, google will take them and Microsoft out. I have to disagree with people that think this is not good for Yahoo!, both Yahoo! and Microsoft need a shot in the arm and this could be what does it. I have, unfortunately, lost respect for Yahoo!, a company that I had lots of respect for years ago but they are aging as quick as web 2.0 :(
andrelix
Curves
Posted 1:34 AM 7/5/08
Jerry says the invitation to the prom, (er, um the $33 offer that is), from Steve wasnt in writing. I bet Steve sends Jerry an engraved invitation to the $28 a share prom now....they will kiss soon and have make up sex, seemingly, while all the shareholders on both sides get screwed. (I cant wait for that photoshop.)
Curves
designguybrown
Posted 1:31 AM 7/5/08
best thing that Yahoo could have been done - MS is a has-been and its marketshare will continue to dwindle in all sectors. Also, it has been outclassed and will likely be outclassed in all the new sectors that are booming: smart phones, downloadable movies, healthcare records, highend modeling software/support, remote free software, etc.
MS is like the pimp that is over 50 and is now in irreversible decline - however, Yahoo is some dumb, but hot chick, with low standards that could easily be pickedup and used in a way that makes everyone happy. Have some standards Yahoo, your ship will come in.
designguybrown
Azteck
Posted 2:25 AM 7/5/08
Yang and Balmer were meant to be together Ugly bastards both of them. In the other hand does it work like in algebra were ugly + ugly = Bonita Blonde or does it = spawn of hell?
Azteck
diabolusunknown
Posted 2:20 AM 7/5/08
@NightElfMohawk: Microsoft will pay 37 a share before letting that happen. If Ballmer hears that Google wants in, Yahoo is in Microsofts hands.
diabolusunknown
ripfire4
Posted 2:19 AM 7/5/08
Jerry: To be hurt
To feel lost
To be left out in the dark
To be kicked when you're down
To feel like you've been pushed around
To be on the edge of breaking down
And no one's there to save you
No you don't know what it's like
Welcome to my life...
ripfire4
NightElfMohawk
Posted 2:09 AM 7/5/08
*swoop
NightElfMohawk
NightElfMohawk
Posted 2:09 AM 7/5/08
Maybe it's time for Google to play rebound-lay and scoop in to wine and dine and convince Yahoo to come up to their apartment, just for a little drink...
NightElfMohawk
MikeInSeattle
Posted 3:26 AM 7/5/08
Jerry negotiated in good faith and was open to a deal? Please the man did everything he could to *prevent* the deal from happening, including a poison pill in the form of a severance package for employees who felt they wouldn't "do well" as a Microsoft employee. Details here: [www.alleyinsider.com]
Add to that all the attempts to "partner" with everyone (including Google) *except* Microsoft, if that's Jerry's idea of "negotiating in good faith" I'd hate to see what outright refusal would look like.
MikeInSeattle
FloridaNole
Posted 4:04 AM 7/5/08
He was trying to maximize shareholder profits, that's his job. Why not try to get the absolute most for it?
FloridaNole
Rizzuh
Posted 4:22 AM 7/5/08
yahoo is fucking screwed now
Rizzuh
oldmanstan
Posted 4:08 AM 7/5/08
what is with everyone saying how yahoo's stock is low and MS will be able to pick the company up cheaper now?!
YAHOO IS TRADING HIGHER TODAY THAN IT WAS JUST BEFORE THE MERGER OFFER and is currently at (roughly) its average price over the past year.
seriously, the stock fell because it had been artificially inflated by the merger offer. that's what happens to markets, when they see an indication of value (a merger offer for x dollars per share), the market moves to approximately that price, minus an uncertainty discount. enough with the "yahoo is screwed now" talk.
oldmanstan
Buford T. Justice
Posted 4:54 AM 7/5/08
@designguybrown:
I'm almost certain that was some sort of attempt at sarcasam/humor. On the off chance it ain't; do a Find-and-Replace and insert Yahoo where you have Microsoft and you're muuuuch closer to the truth.
Yahoo will be a forgotten brand LOOONG before MS is gone. Yahoo has... an online portal that's increasingly irrelevant. Microsoft has... ~90% of the desktop OS market worldwide with no real competition (read: above 10% marketshare). MacOS may get there soon, and may not. But it's telling that as much of a POS as Vista is, it STILL has a higher marketshare than OS X and is lightyears beyond Linux.
@diabolusunknown:
Doubtful. Yahoo/Google would be a tough one to get by the DoJ, mais non?
_________________________
Were I Steve Ballmer, I'd be waiting until Yahoo's shares tank (they will, as Yang and co look progressively more desperate) and swoop back in later on when it's at $20. At that point, $25 will look more than generous, and Yang will look like even more of a complete idiot than he already does.
Buford T. Justice
MikeInSeattle
Posted 4:44 AM 7/5/08
FloridaNole: If he as truly trying to maximize shareholder profits, then he would have sat down at the bargainng table and truly bargained with Microsoft instead of all his foolish posturing and desparate attempts to find *any* alternative solution.
MikeInSeattle
apeguero
Posted 5:27 AM 7/5/08
And then either Google or Apple step in and pick it up at $30/share.
apeguero
Bokusatsu_Tenshi
Posted 7:42 AM 7/5/08
Oh LOL, serves him right.
It was all fine and dandy 'till Jerry gone "bawww come back Microsofts!"
They didn't only loose that huge amount of money, they also ended up loosing their dignity in the process...
I only pity the share holders...
Bokusatsu_Tenshi
oldmanstan
Posted 8:03 AM 7/5/08
@Buford T. Justice: wait til it's at 20 and pick it up at 25?! IT WAS AT 19 WHEN MS MADE THE OFFER
@Bokusatsu_Tenshi: what money did they lose? yahoo's stock went from 19 to around 30 based on the MS offer and now it's trading around 24... who lost money? nobody lost money, the stock is basically in the same place it would have been if MS had never offered to buy the company (maybe a little higher in fact)
oldmanstan
jamar0303
Posted 8:32 AM 7/5/08
I'd like to think that Yahoo still has some hope, but none of it will amount to anything unless a fundamental shake-up occurs (and not to make a takeover-friendly board). This comes mainly from looking at Japan, where Yahoo's beat eBay out of the auctions market, they actually have broadband service worth using, and their stock is worth more than $30 a share. Yeah, Yang should go, but replace him with someone from Yahoo Japan and watch that stock come back up.
jamar0303
Roflgoat
Posted 9:29 AM 7/5/08
Someone else saw Hot Rod! Nice reference. Goddamn.
Roflgoat
svenma0o0
Posted 12:56 AM 7/5/08
Jerry Yang and David Filos went to Seattle on Saturday because they wanted 38 for each of their shares while the price by all the shareholders were 37. They felt that their shares were worth more because they're greedy little grubby hands touched it.
svenma0o0
billcanada
Posted 10:16 AM 7/5/08
Maybe he should go with Apple instead. MS is going to regret this one.
billcanada
billcanada
Posted 12:11 AM 7/5/08
This was another way of getting through to us and Microsoft is bluffing to get a better deal. Cheap! Yang, you should hold on and let them call you back.
billcanada