Surprise! Yahoo Now Has Edge In Microsoft Search Negotiations - Silicon Alley Insider
Tue, Feb 24th, 2009
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Remember Yahoo's boneheaded refusal of that excellent takeover offer from Microsoft? So do we. We also remember how our shares in the company immediately plummeted from $30 to $10 when Yahoo finally blew the deal and Microsoft walked away.
If Yahoo doesn't get its act together and get its shares back to the buyout price it sniffed at last summer, this will go down as one of the most colossal mistakes in corporate history (AOL - Time Warner being in a different league).
All that said...
In recent months, the sentiment around Yahoo has turned so negative that observers have suggested that Yahoo should give its search business to Microsoft at any price and then shrivel up into the fetal position until its stock goes to, say, $5.
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