{"id":2461,"date":"2008-06-02T21:25:35","date_gmt":"2008-06-03T01:25:35","guid":{"rendered":"http:\/\/www.mathewingram.com\/work\/?p=2461"},"modified":"2008-06-02T21:25:35","modified_gmt":"2008-06-03T01:25:35","slug":"yahoo-redefines-fail-again","status":"publish","type":"post","link":"https:\/\/mathewingram.com\/work\/2008\/06\/02\/yahoo-redefines-fail-again\/","title":{"rendered":"Yahoo redefines “fail” — again"},"content":{"rendered":"

Some details of the back-and-forth between Microsoft and Yahoo have come to light as a result of the unsealing of documents<\/a> in a shareholder lawsuit against the battered Internet giant, as Eric Savitz details at Tech Trader Daily. One of my favourite moments is where it emerges that Microsoft offered Yahoo a whopping $40 a share back in January of last year, but then CEO Terry Semel turned the deal down. Nice call, Terry — that’s right up there with taking a pass on buying Google in 2002. Of course, Terry still has most of<\/a> his $71-million in options or whatever, so he’s probably doing OK. Other shareholders, not so much.<\/p>\n

In a nutshell, the complaint argues that Yahoo co-founder and CEO Jerry Yang and the board of directors deliberately created blockades aimed at resisting Microsoft’s offer, rather than taking a deal<\/a> that was clearly the best one available — and arguably fully valued as well. One of the big sources of criticism is the fact that Yahoo planned to sweeten its severance package system so as to create a giant poison pill, one that would have added billions<\/a> in extra costs should Microsoft have been successful. Microsoft supremo Steve Ballmer cited similar fears as one of the main reasons he withdrew the takeover bid.<\/p>\n

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Some details of the back-and-forth between Microsoft and Yahoo have come to light as a result of the unsealing of documents in a shareholder lawsuit against the battered Internet giant, as Eric Savitz details at Tech Trader Daily. One of my favourite moments is where it emerges that Microsoft offered Yahoo a whopping $40 a … <\/p>\n

Continue reading “Yahoo redefines “fail” — again”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crsspst_to_mathewingramblogwordpresscom":false,"mf2_syndication":[],"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-2461","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/2461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/comments?post=2461"}],"version-history":[{"count":0,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/2461\/revisions"}],"wp:attachment":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/media?parent=2461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/categories?post=2461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/tags?post=2461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}