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Academic
: ConglomerateHow Much Does Yahoo Hate Microsoft?
By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring
Yahoo would rather merge with AOL than be acquired by Microsoft!
Correction: Yahoo's managers hate Microsoft.
What do Yahoo's shareholders want? Some of them are suing those managers. Others may get a chance to vote soon, as Microsoft looks toward a proxy contest. According to the NYT, Yahoo is thinking about postponing its annual meeting, but it can't put off the vote forever.
Here is the important thing to understand: lots of shares have changed hands since the Microsoft bid was announced, and those new buyers did not buy Yahoo because they have warm and fuzzy feelings about Jerry Yang. These new shareholders paid a premium for their shares, and they are counting on a big transaction. Yahoo's managers are facing tremendous pressure to deliver.
Full post as published by Conglomerate on March 05, 2008 (boomark / email).
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