Yahoo Issues FAQ on the Microsoft Offer

Yahoo issued a four question 'FAQ' on the Microsoft offer - here it is in its entirety:

FAQ: Unsolicited Proposal From Microsoft

Q1. How is Yahoo! responding to Microsoft’s proposal?
The Yahoo! Board is undertaking a deliberate review process. They’re going to take time to thoroughly evaluate the proposal in the context of Yahoo!'s strategic plans. This will include evaluating all of the Company’s strategic alternatives – including maintaining Yahoo! as an independent company. That process will take some time, but the Board will ultimately pursue the option that it believes can best maximize value for our shareholders.

Q2. How long will the Board’s review process take?
A review process like this is fluid, and it can take quite a bit of time.

Q3. Will the Board seek proposals from any other companies?
The Board is going to evaluate all of Yahoo!’s strategic alternatives and pursue the option that it believes can best maximize value for our shareholders.

Q4. What would a deal like this mean for Yahoo!’s users, advertisers, publishers, partners and people?
Yahoo!’s Board is going to evaluate all aspects of this proposal carefully and promptly in the context of the company's strategic plans and alternatives. So it wouldn't be appropriate to speculate about the potential benefits or challenges of a deal. But the review process that's underway won't have any impact on our efforts to deliver value to all of our users, advertisers, publishers and partners – as well as new and exciting opportunities to our employees.

Comments

[Jon T:]

"Yahoo!'s Board is seeking to find a white knight as the very idea of being taken over by the devil itself is highly unpalatable."

This takeover would be like IBM taking over Microsoft or Apple in 1985...

Yuk.

2008 Feb 03 09:26 AM

[thenoseknows:]

or it could end up the same way that Daimler/Chrysler did, with Daimler taking a financial beating, just to get rid of Chrylser!

2008 Feb 05 09:11 AM