On Wednesday, Yahoo CEO Jerry Yang suggested that “the best thing for Microsoft to do is to buy Yahoo.” That’s not going to happen, says Microsoft CEO Steve Ballmer, speaking at a conference in Sydney. But Ballmer does leave the door open for a search deal. FT:
We made an offer…We made another offer. It was clear that [Yahoo] doesn’t want to sell the business to us and we moved on. We tried at one point to do a partnership around search, not an acquisition. And that didn’t work either, and we moved on…and they moved on…We are not interested in going back and relooking at an acquisition. I don’t know why they would be either, frankly. They turned us down at $33 a share…I’m sure there are still opportunities for some kind of partnership around search.”
Jerry Yang needs to go ASAP. How much more can one person cost a company? He is the worst CEO around and can’t run a boy scout troop, let alone YHOO. He blew it big time and cost us billions and now he’s publicly humiliating himself again begging Ballmer to bail him. Of course Ballmer will, it will only be after he tortures him a while and lets the stock price crash a bit more.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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On Wednesday, Yahoo CEO Jerry Yang suggested that “the best thing for Microsoft to do is to buy Yahoo.” That’s not going to happen, says Microsoft CEO Steve Ballmer, speaking at a conference in Sydney. But Ballmer does leave the door open for a search deal. FT:
Comments
Jerry Yang needs to go ASAP. How much more can one person cost a company? He is the worst CEO around and can’t run a boy scout troop, let alone YHOO. He blew it big time and cost us billions and now he’s publicly humiliating himself again begging Ballmer to bail him. Of course Ballmer will, it will only be after he tortures him a while and lets the stock price crash a bit more.
Posted by Mike Kane at November 7th, 2008 at 7:51 am