Menu
Yahoo still mulling its options, Jerry Yang says

Yahoo still mulling its options, Jerry Yang says

In the e-mail, which was addressed to "yahoos" and filed with the U.S. Securities and Exchange Commission, CEO Jerry Yang said the Yahoo board is still reviewing the deal and will "take the time it needs to do it right."

"Our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape," he wrote in the e-mail, typed in all lowercase letters.

Microsoft made its unsolicited bid for Yahoo last Friday, offering to pay US$44.6 billion for the company, or 62 percent over Yahoo's closing share price Thursday. The deal would greatly expand Microsoft'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's Wall Street Journal newspaper, which cited unnamed sources.

However, analysts have said it is unlikely another company could match Microsoft's sizeable offer, and a business deal between Yahoo and Google could raise antitrust concerns because of Google's already dominant market position.

In the email, Yang thanked the Yahoo staff for staying focused on their work amid the turmoil. The company has hired "top advisors" to assist it through the process and is focused on maximizing value for its shareholders, he said.

GO TO 10 great free downloads for your network


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags YahooJerry Yangoptions

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments