Yang Loses $232.7 Million After Microsoft Walks Away

[akel]

Yahoo! Inc. Chief Executive Officer Jerry Yang ended the day $232.7 million poorer after Microsoft Corp.

reported on bloomberg

[novos]

DANG that has to hurt.

[Realist]

Yes they wanted more for there shares than what they are worth so Microsoft walked away.

Silly man.

[novos]

For real, microsoft was ready to pour the cash into that mans pocket.

[Realist]

http://www.bloomberg.com/apps/news?pid=20601109&sid=aFFqqeObxJDM&refer=home

Ballmer and Kevin Johnson, president of Microsoft's Internet unit, met two days ago in Seattle with Yahoo co-founders Jerry Yang and David Filo, two people familiar with the negotiations said. Redmond, Washington-based Microsoft, the largest software maker, offered to raise its $44.6 billion bid by about $5 billion, to $33 a share. Yang and Filo refused to accept less than $37 a share, the people said.

[w3bmaster]

That's business .... anyway don't cry for him i'm sure he has a lot of money ...

[Spaced]

Ouch - that's gotta hurt.

[Trusted Writer]

When I ready "Yang Loses $232.7 Million" I was really concerned because Yang is the name of my dog, given in adoption to my new little niece so I could not figure out how Yang made such amount of money in less than one month since he left and how he could lose it, LOL

[soniqhost.com]

He is already a Billionaire, I don't think he cares about the $230 million, he is more interested in not selling out to Microsoft, but will sell him self out to google.

[homebizseo]

Yang will be walking to the unemployment office in 6 months.

[baybossplaya]

Yang will be walking to the unemployment office in 6 months.

i doubt it

[AffiliateBot]

He's in trouble now. Stock holders are taking legal action. He'll probably crawl back to Microsoft, and then Microsoft will buy Yahoo at a much lower price, like $30.