Tech


Microsoft to Yahoo: Not Interested

Microsoft CEO Steve Ballmer's TongueThings are starting to look really, really sad for Yahoo CEO Jerry Yang. First, Google leaves him at the altar of their search advertising deal, rendering him without a mighty groom to fend off a Microsoft takeover.

Next, he suddenly changes his mind in favor of a Microsoft takeover, denying everything he fought for through most of the year.

Now, Microsoft CEO Steve Ballmer puts another nail in the coffin of Yang’s Christmas.

Speaking at a Committee for Economic Development of Australia lunch in Sydney on Friday, Ballmer said: “Look, we made an offer, we made another offer. It was clear that Yahoo didn’t want to sell the business to us, and we moved on.”

Ballmer said other deals with Yahoo had also been unsuccessful. “We tried at one point to do a partnership around search, not advertising. That didn’t work either, so we moved on, and they moved on.”

“We are not interested in going back and re-looking at an acquisition,” he said. “I don’t know why they would be either, frankly.”

When discussing the failed takeover, which if successful would have been one of the biggest takeovers in IT history, Ballmer said “they turned us down at $33 a share, move on.”

What’s worse than throwing away your dignity as founder of the world’s second largest Internet giant? Having it thrown back at you by the twenty-fourth employee of the third largest Internet giant.

An Open Letter to Yahoo CEO Jerry Yang

Yahoo CEO Jerry YangJerry Yang
Chief Executive Officer
Yahoo

Dear Jerry,

I’m all for an independent Yahoo. Google rules search and advertising, but Yahoo still has an awesome portal and great APIs. I cheered when you retook the company you created, unseating Hollywood dinosaur Terry Semel as CEO. I cheered when you fought off Microsoft’s hostile takeover bid earlier this year by forging an alliance with Google.

That’s why I’m shocked to hear you claim you wanted to sell Yahoo to Microsoft all along. Excuse me? You fought tooth and nail for Yahoo’s independence, despite widespread derision from the tech media. Now that your stock price is down, your team is bleeding talent, and Papa Google won’t back you up, here you are backpedaling on everything you fought for, everything you made people believe in. Click here to continue reading “An Open Letter to Yahoo CEO Jerry Yang”…