Yahoo CEO facing possible rebellion after spurning Microsoft
May 5, 2008 By MICHAEL LIEDTKE, AP Business Writer
In this May 4, 2007 file photo of Times Square news ticker flashes a headline about Microsoft above a billboard for Yahoo in New York. Microsoft Corp. has withdrawn its $42.3 billion bid to buy Yahoo Inc., scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc. The decision to walk away from the deal came Saturday May 3, 2008 after last-ditch efforts to negotiate a mutually acceptable sale price proved unsuccessful. (AP Photo/Mark Lennihan)
(AP) -- Yahoo Inc. Chief Executive Jerry Yang is convinced that the company he started in a Silicon Valley trailer 14 years ago is worth more than the $47.5 billion that Microsoft Corp. had offered for the Internet pioneer.
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