Stay on Top of Recent M&A's with Breaking News Stories

Mergers & Acquisitions on Ulitzer

Subscribe to Mergers & Acquisitions on Ulitzer: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Mergers & Acquisitions on Ulitzer: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Mergers & Acquisitions Authors: Pat Romanski, Bob Gourley, Jim Kaskade, David Skok, Liz McMillan

Related Topics: Online Shopping, Advertising on New Media, Mergers & Acquisitions on Ulitzer

Online Shopping: Article

Yahoo! Remains Undecided Over the Weekend

The board is supposed to meet again face-to-face all day Wednesday, ironically, the day before Valentine's Day

Yahoo! has yet to move off the dime after a board meeting reportedly by telephone today in which it reviewed its options in the face of Microsoft’s hostile week-old $44.6 billion bid for the company.

Officially Yahoo! won’t even confirm the phone call but according to what has leaked to the press, the board is supposed to meet again face-to-face all day Wednesday, ironically – and perhaps prophetically – the day before Valentine’s Day.

Meanwhile, indulging perhaps in a bit of “rabbi shopping,” Yahoo! is supposed to have whistled up some more financial advice

The Financial Times says it has hired Moelis & Company, which advised billionaire Yahoo! director Ron Burkle last year in his failed attempt to acquire the Tribune newspaper group.

Earlier reports today claimed Yahoo’s other advisors, Goldman Sachs and Lehman Brothers, are telling it to accept the Microsoft deal.

And the Wall Street Journal, quoting unnamed sources, claims that Yahoo! CEO Jerry Yang didn’t present the option of ditching Yahoo’s own search-advertising system and using ads from Google in return for most of revenue as a “preferred choice."

That widely touted idea is regarded as catnip to regulators who are likely to quash such an arrangement because of Google’s dominant position in online advertising.

That only leaves pressing Microsoft for more money and Capital Research and Management, which owns 11% of Yahoo and 6% of Microsoft, is supposed to have sounded out Microsoft CEO Steve Ballmer about the possibility of a sweetened offer, according to the New York Post.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (1)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.