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 has withdrawn its $42.3 billion bid to buy Yahoo Inc., scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader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.
Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .
Similar stories from PHYSorg:
Hollywood adds money, talent to made-for-Web shows
5 hours ago |
not rated yet |
0
RIM 3Q profit up 59 pct on record BlackBerry sales
Dec 17, 2009 |
not rated yet |
0
Oracle expects EU to approve Sun deal next month
Dec 17, 2009 |
not rated yet |
0
Microsoft to let Europeans pick browser in EU deal
Dec 16, 2009 |
4 / 5 (5) |
1
Our devices will spin denser webs of data in 2010s
Dec 15, 2009 |
5 / 5 (5) |
0


