Yahoo's Yang holds firm on resisting Microsoft
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Experimenting with capitalization (in more ways than one), Yahoo CEO Jerry Yang wrote his company's shareholders to explain why he believes Microsoft isn't assessing Yahoo's value fairly.
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U.S. and European antitrust regulators aren't likely to prevent Microsoft from buying Yahoo, analysts said Friday, though scrutiny of the deal could drag on for months.
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Yahoo has not reached a decision about&#160;Microsoft&#39;s acquisition offer&#160;and is considering &quot;a wide range of potential strategic alternatives,&quot; Yahoo CEO Jerry Yang said in an e-mail to employees on Wednesday.In the e-mail, which was addressed to &quot;yahoos&quot; and filed with the U.S. Securities and Exchange Commission, Yang said the Yahoo board is still reviewing the deal and will &quot;take the time it needs to do it right.&quot;&quot;Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape,&quot; he wrote in the e-mail, typed in all lowercase letters.Microsoft made its unsolicited bid for Yahoo last Friday, offering to pay $44.6 billion for the company, or 62 percent over Yahoo&#39;s closing share price Thursday. The deal would greatly expand Microsoft&#39;s search and advertising business and could help it to compete better with Google online.Yahoo is understood to be lukewarm on the offer. The company hopes a rival suitor will emerge with a counteroffer or that it can forge a deal with Google that will allow it to remain independent, according to Wednesday&#39;s Wall Street Journal newspaper, which cited unnamed sources.However, analysts have said it is unlikely another company could match Microsoft&#39;s sizeable offer, and a business deal between Yahoo and Google could raise antitrust concerns because of Google&#39;s already dominant market position.In the e-mail, Yang thanked the Yahoo staff for staying focused on their work amid the turmoil. The company has hired &quot;top advisors&quot; to assist it through the process and is focused on maximizing value for its shareholders, he said.
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Yahoo CEO Jerry Yang cited the growing online advertising market and his company&#39;s position to take advantage of that growth as reasons for shareholders to&#160;reject Microsoft&#39;s acquisition bid, he said in a letter to shareholders Wednesday.
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Struggling Internet giant Yahoo brought back co-founder Jerry Yang as chief executive Monday to replace Terry Semel as the company girds up to fight back the Google juggernaut.
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Microsoft Corp  plans to invest  heavily in Web search to compete against Google Inc ,  even if it fails to acquire Yahoo Inc , the company's  chairman Bill Gates said on Monday.
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Yahooâs rebuff of the $44.6 billion takeover bid raises the stakes in a battle involving two of the worldâs most prominent technology companies.
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Duel over Yahoo sets off a policy and public-relations battle between corporate rivals.
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Yahoo Inc. chief Jerry Yang was found wanting on Wednesday by investors who said the company needed to devise a plan to combat weaker advertising growth more quickly than in the 100 days promised by management.
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Jerry Yang faces pressure as he decides whether to try to rescue the company from Microsoft, or accept its bid to purchase Yahoo.
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Yahoo Inc   rejected Microsoft Corp's  unsolicited $41.6 billion  takeover offer as too low on Monday, forcing the software maker  either to sweeten the bid or adopt a hostile approach to clinch  a deal.
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SEATTLE/SAN FRANCISCO  - Yahoo Inc   rejected Microsoft Corp's  unsolicited $41.6 billion  takeover offer as too low on Monday, forcing the software maker  either to sweeten the bid or adopt a hostile approach to clinch  a deal.
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The Wall Street Journal reports that no serious bids have emerged to rival Microsoft's $44.6 billion offer for Yahoo. That doesn't mean the company isn't still trying to piece something together.
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Acquiring Yahoo wouldn't be anticompetitive when Microsoft's the underdog, CEO retorts.
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Microsoft Corp plans to invest heavily in Web search to competes against Google Inc, even if it fails to acquire Yahoo Inc, the company's chairman Bill Gates said on Monday.
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Microsoft CEO Steve Ballmer rebuffed&#160;Google&#39;s accusations&#160;that an acquisition of Yahoo would be anticompetitive.
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Yahoo Inc on Monday rejected Microsoft Corp's unsolicited takeover bid, currently valued at $42 billion, as too low, saying its board had unanimously concluded it was not in the best interests of shareholders.