By Steven Musil, 6 November 2008 15:36
NEWS
Since Google's decision to pull the plug on a search-ad partnership with Yahoo! that would have given Yahoo! major new revenue but that raised antitrust concerns, CEO Jerry Yang has expressed interest in renewing its conversation with Microsoft.
During a moderated "conversation" at the Web 2.0 conference in San Francisco, Yang said late Wednesday that, "To this day, I have to say that the best thing for Microsoft to do is to buy Yahoo!. I don't think that is a bad idea at all".
He said: "At the right price, whatever the price is, we are willing to sell the company. We were ready to negotiate, we wanted to negotiate a deal, and we felt that we weren't that far apart. But at the end of the day, they [Microsoft] withdrew and they since have been very clear about not wanting to buy the company."
The "right price" caused the original deal at $33 per share to fall through, causing anger to many stockholders and employees.
If Microsoft was to do the deal today, it would doubtlessly be less than the original offer.
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1. Nick Cole
Yahoo were just trying to be clever and not thinking ahead. $$$$ signs in the eyes!
How many other big corporations fail in the strategic management and holistic thinking area?
Yahoo had a chance and blew it! I wonder what they are worth now?