Seems like Yahoo’s Jerry Yang has changed his mind. Yang now wants Microsoft to buy Yahoo and was quoted saying “To this day the best thing for Microsoft to do is buy Yahoo.”
Yahoo played hard-to-get during Microsoft’s courtship. Fail!
Yahoo tells Microsoft: ‘Buy us’
The internet portal’s co-founder and CEO Jerry Yang made the comment despite the fact Yahoo rejected a $33 (£21) a share offer from Microsoft back in May.
Mr Yang’s suggestion also came hours after Google pulled out of an internet advertising partnership with Yahoo.
“To this day the best thing for Microsoft to do is buy Yahoo,” said Mr Yang.
During the on stage conversation in front of a standing-room only crowd, Mr Yang was asked why the company did not take the $33 a share offered back in the summer. The company’s share price closed Wednesday below $14 (£8.80) a share.
“They walked away from a public offering and we were ready to negotiate. We wanted to negotiate a deal. We felt we weren’t that far apart.
“At the end of the day, they withdrew and they have since been clear about not wanting to buy the company,” explained Mr Yang in a rare public appearance.
Microsoft did however come back and offer to buy the search part of Yahoo, but a deal was never struck.
Again Mr Yang said the offer then was not good enough but he still remained open to persuasion.
Mr Yang told the summit “I am passionate about Yahoo”
Mr Yang said he was “disappointed that they [Google] didn’t want to defend this deal.” (Source: BBC)