Yet another hostile bid triggers yet another rejection by Yahoo’s battered board. This time, they were forced to reject an offer which would have seen Microsoft take their search division while investor Carl Icahn took the rest of the company. Ars notes that this may just be part of a larger strategy by the hostile bidders, but it will be interesting to see how Yahoo fares at its annual meeting on August 1. And going forward, Microsoft have made clear their intention to renegotiate if a new board is put in place - not an unlikely scenario given how much the current board have screwed up. Neither the current board, nor the company as a whole, are out of the woods yet.

Ars Technica post here.

Posted Monday, July 14th, 2008 @ 2:48 am
Filed in business and productivity, science and tech

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