Yang: Crazy Like a Fox?
ADOTAS – It looks like the Microsoft / Yahoo search deal is moving forward. If it does, and Yahoo chief Jerry Yang plays his cards right, he could end up with the corporate victory of the aughts. The software titan has proposed to buy Yahoo’s search business and take a minority state in Yahoo, Reuters reports.
The deal would also have Yahoo forking over some Asian assets. Stakes in Yahoo Japan and China’s Alibaba would go on the block and Microsoft would snap up the remainders, sources told Reuters. While talks were widely reported on Sunday, this is the first news of specific terms of the deal.
So what about a potential search deal with Google? It could still happen – while Microsoft and Yahoo draw up their papers and get all of the necessary regulatory approvals.
And if both deals went through, Yang’s much-maligned reticence would pay off – for him and Yahoo shareholders.
In other Yahoo news, billionaire and shareholder activist Carl Icahn’s pal T. Boone Pickens picked up an additional 10 million Yahoo shares to support his good buddy’s recent raid of the company. (Icahn owns about 59 million shares and is cleared to buy another 59 million). According to the Silicon Alley’s previous calculations, Icahn, his cronies and his brothers in arms own between 30% and 35% of Yahoo’s stock, making them very influential in the fight to put Microhoo back together again.
Yahoo’s stock was down 0.79% to $27.45 as of 12:51 p.m. and Microsoft’s stock was down 2.24% to $28.80.
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