Yang advised Yahoo's employees to brace for even more turbulence during the next few weeks, predicting that Microsoft may make more buyout proposals as Icahn ridicules the board.
I know Yang is alot smarter than me but really it seems like he missed some serious economic class somewhere. How low does the share of stock have to go before the current board gets the point. MS plays hardball there is no doubt about this. But really let's say that MS no longer has any interest in Yahoo. What is the plan then Yang? What does the stock shares have to drop to and then what is the real plan?
MS has already said that the last offer of $33.00 with the current share price of $21.19 even the $30.00 per share offer is more than fair. Yet this was called Microsoft's "ludicrous" offer in its own shareholder letter, which underscored the Silicon Valley company's determination to fend off Icahn's attempted coup.
If the shareholds are really what Yang has said was his interest anyone who can add or subtract should question this claim. Personally anyone who has had to deal with Yahoo mail can tell that the company is on the ropes. You cannot lay off this many people and think the company can continue to grow. I have personally had people ask; How could Yahoo go broke? I can only assume they have never watched a take over happen.
I won't even go into the clear Anti Trust issues associated to Yahoo and Google working together as a solution to the problem.
This is the most current Yahoo article though the positions are weak. Icahn likely will get the board replaced and we will all wait until the August 1 shareholders vote.