More than 3 years after shooting down Microsoft's (MSFT) $33/share bid, Jerry Yang still appears...

More than 3 years after shooting down Microsoft's (MSFT) $33/share bid, Jerry Yang still appears bent on maintaining control of Yahoo (YHOO). In a story resembling an earlier report, a source claims Yang wants a deal in which Yahoo would issue new stock to PE firms friendly to him, and use the proceeds to buy back shares from the public. Yahoo is up 2.9% today on the latest round of investment/buyout buzz (I, II, III).

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Comments (3)
  • Mike Maher
    , contributor
    Comments (2867) | Send Message
    Yang is looking out for himself, not for the majority of shareholders.
    29 Nov 2011, 01:45 PM Reply Like
  • davidbdc
    , contributor
    Comments (3194) | Send Message
    The man is an idiot. Shareholders would be better off if I were in charge and I know nothing about the business.
    29 Nov 2011, 01:54 PM Reply Like
  • mikeurl
    , contributor
    Comments (860) | Send Message
    Yahoo was never anything special. They started as a hand-entered listing of popular websites. They were in exactly right place at the right time. They never did anything innovative and most of their users only stay due to inertia.
    29 Nov 2011, 02:32 PM Reply Like
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