Saturday, December 6, 2008

Yahoo going private?

In recent days the news surfaced that group of investors led by Jonathan Miller (of AOL fame) is interested in buying Yahoo and taking it off the stock exchange source: nytimes. At the same time Microsoft has made another attempt to buy Yahoo (this time hidden as 'we are only interested in the search business') for $20 billion. Of course the offer by Microsoft should not come as a surprise, as they were always interested (and determined) to take over Yahoo. It's also up to the board of directors of Yahoo to decide what they want to do with the company. Carl Icahn has now three seats on the board, and for sure will look for the most value. (At this point he should show his true colors: if he goes with the private investors, he was always looking for the best value; if, on the other hand, he goes with the Microsoft offer.... it will raise again the question: was he always working in favor of Microsoft?)
Microsoft might hit a snag with an offer made by Jonathan Miller. But, eventually I believe Microsoft will get Yahoo, one way or another. It is just a matter of time. The group of investors might cause a better price for the current share holders of Yahoo. Time will tell, but I'd put my money on Microsoft (even though I am a Linux enthusiast!)

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