Get Tech Articles via RSSJerry Yang’s Stupidity Growing Stronger
Jerry Yang, the fallen CEO of Yahoo, just keeps on looking stupid. He thought he was in the same league as Steve Ballmer but apparently he is a rookie who needs to go back to school and take business courses. It was funny how he announced to the world that the offer of Microsoft at over $44 USD billion dollars was low and the value of Yahoo was way bigger. Today, Yahoo is trading at $12 dollars and they would be lucky to get an offer above $20 billion dollars. Techcrunch has reported that investment bankers at Silicon Valley are secretly making a deal to Yahoo and are asking for Microsoft’s support that they would eventually sell the search business to the software giant.
In an excerpt:
Under the terms of the proposed deal, the investment group would make a takeover bid for Yahoo at a relatively low premium of around 20% to its current price of around $13
per share, valuing the company at just over $20 billion.
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