you would think right...it was being chased up in the mid 20s or something. Why wouldnt msft be interested when they can get for 1/3 of what the 35$ offer they made in january?
It's more fun to overpay for something in a bull market than to pay bottom-dollar during a bear market.
Didn't MSFT offer $32, but the Yahoo board wanted $35? Bet they're now regretting not taking the $32..
Looks like Jerry Yang is unlocking shareholder value! "SAN FRANCISCO (MarketWatch) -- Yahoo Inc. on Tuesday posted a sharply-reduced third-quarter profit and said it will trim its workforce by at least 10% as the Internet company struggles to mount a turnaround despite the troubled economy. "
Yang doesnt know shit about how to run a company. He should step off and let experienced executives run the ship. Until that day, Yahoo will continue to lose value. Yahoo blew it in, failing to counter with a successful social community/acquire. They lost their visitors and their search engine sucks to the likes of the GenX via Myspace and Facebook. There's nothing there except for email and tabloid type of portal news. They need to get their heads screwed on straight.