yahoo shareholder

Yang Exit Would Show Yahoo Is Serious About a Deal

In a perfect world yahoo wouldn't have done everything it has to screw up a good offer from Microsoft, and also Microsoft should have just offered 33 a share a lot earlier. Now if there is a deal the google transaction is going to cost 250 million to get out of it, provided lobbying doesn't shut it down because of antitrust issues. There are consequences and Yang should go, but more than that. In a perfect world the following should happen to make this deal:

1) It was a good step of the current board to say they are open to discussions - bad that Yang hasn't made statements that he is open to a deal - very bad. Yang needs to make a press release that he will support an offer of $33 a share.
2) The current board offers 4 board seats to Icahn to withdraw his proxy bid. Icahn gets one, and he gets to handpick the other three. Cuban is business savy to say the least.
3) Yang announces that he will step down as CEO if Icahn accepts the 4 board seats. Yang keeps his board seat - he did help found the company after all.
4) Microsoft announces that if yahoo gives Icahn 4 board seats, they will offer 33 a share to the new board (which is more than the previous offer given the google deal tie ups).

Perhaps it is wishful thinking, but aside from a merger it is going to take a long, long time for yahoo to trade at $33 a share.