Full FeedJerry Yang possibly regretting turning down Microsoft
Things aren’t looking good for Yahoo right now. Google has pulled out of the advertising deal that looked so promising for both companies citing potential antitrust issues. Now, CEO Jerry Yang is saying that the Microsoft buyout was probably the best thing that could have happened. This coming even after a rumor saying that Microsoft and Yahoo “were in advanced talks to sell the company for between $17 and $19 a share,” that Yahoo discredited.
Aside from turning down the Microsoft deal, Yahoo’s problems aren’t necessarily its own fault. It is slowly rolling out the new Yahoo homepage to compete more against iGoogle. It still owns Flickr, one of, if not the most popular photo hosting site. Yahoo Answers seems to have grown quite a lot as well.
Yahoo just can’t seem to make money all that well. It also does a fairly poor job of listening to stock holders in recent times. If it could just draw some attention away from other websites maybe Yahoo will fare a bit better in the long run. Jerry Yang admitted that taking over as Yahoo CEO has “not been the most fun thing,” though. I’d have to agree— when I think “fun” I don’t think “Yahoo.” Then again, when I think of fun I usually don’t think of adding extra acronyms onto my job title, either, so I can sympathize with Yang.
Read [Reuters]
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If Yahoo! is still as impressive as Yang says it is, the company should just put itself up for sale on its own auction site.
on November 6, 2008 at 10:25 PM - LINK