The head of Yahoo was ready to resume talks with Microsoft
Executive Director of Yahoo Jerry Yang, as reported by Reuters, is ready to resume negotiations on a merger with the corporation Microsoft.
Microsoft, remember, tried to buy Yahoo in the past three months. First, the corporation offered for each share Yahoo 31 dollar, and then raised the price to 33 dollars. The total transaction, thus, could reach 47.5 billion dollars. However, the Board of Directors of Yahoo, considered it insufficient and this figure responded refusal Microsoft, which aroused anger from many shareholders and investors. Corporation Microsoft, in turn, withdrew the proposal for the purchase, saying that intends to develop business with other partners.
Rejected Microsoft, the company Yahoo, according to many analysts, has placed itself in a very difficult position. Besides, now that Yahoo will have to prove that it really worth more for its proposed 47.5 billion dollars, so the company could still against legal action to begin to fall from disgruntled shareholders. Moreover, some experts suggested that holders of securities Yahoo may try to achieve a change of the company board of directors in connection with its rejection of a merger with Microsoft.
However, Jerry Yang in an interview with Reuters said that Yahoo has tried to find a common language with Microsoft, while last Saturday corporation suddenly ceased negotiations. "They [Microsoft] had started negotiations and they also decided to renounce them," - Reuters quoted the words of Yang. In doing so, executive director of Yahoo stressed that if Microsoft will make a new proposal, he would be happy to hear it.
Yang notes that the real value of Yahoo over the past three months has risen substantially, and position the company on the market - strengthened. In the near future, Yang intends to hold a series of meetings with shareholders and partners and to discuss further ways of development of the company. In this chapter Yahoo is ready to consider offers from potential buyers willing to pay for Yahoo adequate amount, the size of which, incidentally, Yang does not name, reported Bloomberg.
Meanwhile, according to information from anonymous sources, Yahoo is negotiating with Google regarding the possible expansion of partnership. In mid-April, Yahoo has already joined the program online advertising Google AdSense. He added that in the opinion of lawyer Brad Smith, Microsoft Corporation, any cooperation between Yahoo and Google will allow the latter to gain control over 90% of search advertising market that worsen the competitive environment.
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