Ballmer Still Yahoo for Yahoo
Microsoft isn't a company known for giving up easily -- and in the case of
Yahoo, it's still stubbornly gunning for a deal.
You probably recall that after Ballmer’s $40 billion-plus bid was rejected,
Microsoft gave up the chase, only to see Carl Icahn start to buy
up shares, manipulate
the board, try
to get the deal done with Microsoft, and then cash in on the premium Microsoft
would have to pay.
Seems like Ballmer is now fine
with that approach, and is himself pushing for the Yahoo board to be largely
overthrown so he can buy all or a part of the company.
I still think it’s a bad deal...but then again, Ballmer is worth $15
billion and I’m just an underpaid journalist.
Now imagine this scenario: Ballmer and Icahn end up replacing the Yahoo board,
but then Microsoft doesn’t even buy the company. Imagine the fallout.
Should Ballmer buy Yahoo? Your erudite answers welcome at firstname.lastname@example.org.
Posted by Doug Barney on 07/08/2008 at 1:15 PM