Roundup: Yahoo flushes its “poison pill,” Crain’s goes out of print, WordPress goes 2.7 and more
Here’s the latest action:
Yahoo flushes its "poison pill" - One of the reasons Microsoft decided not to go hostile in its bid to buy Yahoo was that the company had a so-called "poison pill" plan in place in which hundreds of millions of dollars would have likely been due to employees who left due to their unhappiness with any Microsoft/Yahoo merger. A few Yahoo shareholders decided to sue the company to remove this plan, and today the company has settled that suit by drastically altering the plan so that compensation would only be granted to those who are basically demoted in any future merger or acquisition deal, The New York Times Bits blog reports.
This news comes on a day when Yahoo laid off more than 1,500 workers. The company is also still seeking a new chief executive following Jerry Yang’s decision to step down. If some company, let’s make up one called Icrosoft-May, were to want to do a deal, it might be an opportune time.
