Items tagged with Microhoo

One of the near-cardinal rules of Wall Street is that companies who dismiss their CEOs typically fall all over themselves to reassure investors that they're hunting for new candidates and/or have tapped great interim leaders to fill the gap. Yahoo has opted to take a different approach and is reportedly focused on whether or not the company should be sold, rather than soliciting resumes. The move is an understandable one given Yahoo's long-term difficulties, but it could undermine the confidence of investors who feel the company's best course is to remain together. It's been a little over two years... Read more...
Despite reports on Friday that Yahoo! had been brought to the bargaining table by a higher Microsoft offer, Microsoft issued a press release on Saturday indicating it was walking away from the deal.“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” said Ballmer.Additionally, Microsoft decided a proxy fight was... Read more...