Tag Archives: Yahoo

Microsoft-Yahoo: Setting the Record Straight Once More

It seems Mondays are slowly becoming the traditional days for Microsoft/Yahoo updates. Today, Microsoft saw the need to ‘set the record straight’ after Yahoo had released a statement on Saturday that, according to Microsoft, contained too many inaccuracies to be left uncorrected. Microsoft and Carl Icahn had offered Yahoo a guaranteed search revenue of $2.3 billion annually for five years, but Yahoo rejected this bid on Saturday. In the announcement, Yahoo argues that its deal with Google has “superior financial value and less complexity.” Yahoo also believes that replacing the current board and top management at Yahoo would destabilize the company too much during the long period before the deal would get regulatory approval.

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