Unable to strike a deal on its own, Microsoft Relevant Products/Services Corp. reportedly is hoping to snap up Yahoo's online search operations with the help of News Corp. and Time Warner Inc.
The latest twist in Microsoft's convoluted courtship caused Yahoo's shares to rise more than 3 percent in Wednesday's sinking stock market, even though the chances of a deal getting done still seemed remote.
If nothing else, the enthusiastic reaction to the 
unconfirmed report in The Wall Street Journal served as another reminder that investors want Yahoo to pursue a different path than the one mapped out by Chief Executive Jerry Yang.
And that could be bad news for Yang, who started Yahoo as an Internet directory 14 years ago. Unless he can sway shareholder sentiment before Yahoo's annual meeting Aug. 1, Yang could lose his job in a boardroom coup being attempted by investor Carl Icahn.
Recognizing Yahoo's vulnerability, Microsoft is trying to recruit News Corp., Time Warner's AOL or other media partners to put together a joint bid that would slice Yahoo into pieces, according to the Journal. The story cited undisclosed people familiar with the discussions.
For more info click here...
Monday, July 7, 2008
Microsoft Seeks Help for Another Yahoo Bid
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment