Yahoo Sued For Saying No - HotHardware
Yahoo Sued For Saying No

Yahoo Sued For Saying No

Two Detroit pension funds are upset with Yahoo's recent rejection to Microsoft's buyout offer.  They have filed a law suit over their grievance:

"According to the lawsuit, Yahoo's board is pursuing "value-destructive" third-party deals in an effort to fight off Redmond, Wash.-based Microsoft, which on Feb. 1 announced a takeover bid of $31 per share in cash and stock, a 62 percent premium over Yahoo's previous day's closing price."

Given that Yahoo and Microsoft are both major players in the industry, we can't help but wonder what an acquisition would due to portfolios that included both stocks.
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 This is seriously a scary situation. Last thing I want to see is get yahoo purchased. I use quite a few of yahoo's services, and microsoft always tends to ruin a good thing at times. If they tend to actually take the route yahoo has in their software/service/advertising department to generate profits, then it would be a good deal for microsoft. But last thing I want to see is microsoft to pick up yahoo, and run it the way they "think" it would be better. 

Even though I've never had a stock portfolio, will indeed in the future some time (once I can afford it). But I'd be completely torn on what to do in this situation, if Microsoft genuinely wants to change the way they do business, then it's a good purchase. But there is a huge potential they could literally ruin Yahoo's placement as a company.

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I said this in the last post. Them denying microsoft was because of pressure from google and Made no sense because Yahoo will continue to loose ground to google while microsoft could use their finances to push it further. I think this is why their Now EX ceo steped down. If someone came to me and said Hey I will buy your house for 62% more than the going price.. Id be like where do I sign.

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Very valid point, they are losing ground definitely. My personal opinion is indeed just personal regarding the services I like from yahoo. But from a business standpoint you are definitely correct. But I doubt Yahoo would up and vanish..Yes their search engine results might be slouching, but they still have many services people adore. But we'll have to wait and see what happens, but I expect mostly shareholders to favor the acquisition, but we'll have to wait and see.

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A lot of it IMO is a matter of principle more than anything else -- as I said before its a lot like MS is bullying the "littler" guys around saying that they "sign here and make money or we'll take you over in our own way and you make nothing"....

This is B.S. to me and I applaud yahoo for denying MS -- Last time I checked, Yahoo was still a multi-million dollar company...they must be doing okay for themselves

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Ok, let me explain this. If Yahoo stays in the game they will keep losing ground to Google and then Google will buy them for a fraction of what Microsoft was offering. If anything Microsoft's offer would of saved Yahoo but now they will just be lunch for Google in a few years. Given props to yahoo for denying "the man" is just plain silly. I find the hatred toward Microsoft pretty annoying when they have done more for PC's than anyone else. Imagine the proprietary world we would be stuck with if Apple ruled the world for instance. It's almost become a cultural phenomenon that if your big and succesful you must be Evil. I grow tired of this mentality.

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Google is definately on the rise yes -- but Google doesn't try to charge me for each and every google-branded software, application, etc...MS charging $150 for Office, even charging for customer support AFTER you went out and paid money for the product in the first place! That kind of stuff is what makes me dislike MS -- not that they are PC giants; I commend them for making computers what they are today....but that is about it right now (Vista, high prices, monopolizing software)

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I could not agree with Ice more...We really need to take a turn for more open source software IMO. It truly pushes development of technologies quicker. I'd love a microsoft based unix OS....But I know that won't be happening for a very long time.

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Open source has its problems just like other software. Guess who you call for support ? thats right, no one. Id rather pay 150 for office and it be good and work and know who to call when problems arise.  As for 150 dollar office thats not really that bad of a price for something your going to get years of use out of. Plus for every person who buys it there is 25 who pirate it.

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In todays "sue happy world" this doesn't surprise me.

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