They are greedy, not idiot. They don't want the deal to go through. Yahoo executives ranks near the top of highest paying executives. So there is the conflict of interest. If they let this deal to go through, they lost their jobs and pay. I believe, beside Yang still own a little of Yhoo, none of the others executives and boards members own any interest in the company.
Im glad MSFT walked away, Thank you for walking away. Now we can finally stop hearing about this possible merger. YAHOO SHOULD HAD TAKEN THE DEAL. WHAT THE HELL WERE THEY THINKING. Stock will be back in the mid teens, how greedy do they have to be. $40 billion+......
Yahoo has never found its niche ever since Google came on the scene. Any economist knows that the offer Yahoo recieved was the absolute best they could get for a long while, especially if they don't pull a miracle (something new and innovative).
briefing trader had the news right as it was beginning to tank. i'm not going to bother to format it....you can look thru it and figure it out. 12-Jun-08 15:00 ET In Play Yahoo! confirms Microsoft talks have concluded (23.64 -2.54) -Update : Co confirms that discussions with Microsoft (MSFT) regarding a potential transaction--whether for an acquisition of all of Yahoo! or a partial acquisition--have concluded. The conclusion of discussions follows numerous meetings and conversations with Microsoft regarding a number of transaction alternatives, including a meeting between Yahoo! and Microsoft on June 8 in which Chairman Roy Bostock and other independent Board members from Yahoo! participated. At that meeting, Microsoft representatives stated unequivocally that Microsoft is not interested in pursuing an acquisition of all of Yahoo!, even at the price range it had previously suggested. With respect to an acquisition of Yahoo!'s search business alone that Microsoft had proposed, Yahoo!'s Board of Directors has determined that such a transaction would not be consistent with the co's view of the converging search and display marketplaces, would leave the co without an independent search business that it views as critical to its strategic future and would not be in the best interests of Yahoo! stockholders. 12-Jun-08 14:46 ET Trader In Play FundTrader WatchList: LM (51.75 +1.00) -Update : Would watch LM for weakness as asset manager is one of the largest holders of YHOO. 12-Jun-08 14:41 ET Trader In Play Yahoo! dropping on headline MSFT no longer willing to pay $33/share -Update : 12-Jun-08 14:41 ET In Play Yahoo!: Microsoft no longer willing to pay $33/share for Yahoo - WSJ (24.80 -1.34) -Update : (MSFT) 12-Jun-08 14:40 ET In Play Yahoo-Microsoft talks have concluded without a deal, according to source - DJ (25.22 -0.92) -Update : (MSFT) 12-Jun-08 14:30 ET In Play Yahoo, Google close to search advertising deal, according to sources - WSJ (25.30 -0.84) -Update : (GOOG) 12-Jun-08 14:24 ET In Play Yahoo!: Will also announce the departure of another executive at 1:30 this afternoon - Tech Crunch (25.07 -1.08) -Update : Tech Crunch reports "a source is saying that Yahoo will also announce the departure of another executive at 1:30 this afternoon. We don't know who it is, but we're hearing that it is NOT an announcement around Jeff Weiner's departure." 12-Jun-08 14:14 ET In Play Yahoo! sees a sharp reversal lower following the Tech Crunch article (14:02)... likely on concerns that a GOOG partnership will move YHOO further away from a merger agreement (25.51 -0.64) -Update : 12-Jun-08 14:06 ET Trader In Play Yahoo! drops 30 cents as that Tech Crunch article gets around... Thinking could be that if they're signing a partnership with GOOG, an outright sale of YHOO may not be in the cards anymore (25.70 -0.47) -Update :