Michael Arrington at TechCrunch is reporting that Yahoo! is holding a special board of directors meeting "to determine, effectively, the fate of the company". No one has stepped up to save Yahoo! from Microsoft, according to Arrington, with SoftBank bowing out earlier today. According to Arrington: There are only two options left. Accept the offer in principal, and try to increase the price with no negotiating leverage at all, or do a deal with Google to outsource search advertising and, likely, search itself. The board, we’ve heard, is basically being told by outside advisors to take the Microsoft deal. But we’ve also heard that a contingent of senior executives at Yahoo, who are willing to do literally anything to thwart a Microsoft takeover, are pushing for the Google deal and will present their case at the meeting. We'll have more coverage of the deal as it progresses, including more comparisons of Yahoo! services, an expanded list of the factual information on the deal, and of course more of our opinions, and yours. Stay tuned!
Time for the shareholders to vote to accept the Microsoft offer, and dump the current board along with it.
Indeed, I'm a small share holder myself actually. We'll see how it does. I doubt they'll be calling on someone who only owns 1500 shares to vote, but we'll see.
By accepting Google's deal of having their advertsing outsourced, wouldn't that eb a damning acceptance of dfailure on the part of Yahoo. Lets face it, they were in competition with Google for along time (at one point I can reme ber those stupid Wall Street analysts were saying Yahoo had the upper hand) and now they want their help.