Online Petition Aims to Stop Forced Sale of Yahoo to Microsoft 5/16/2008 - 1,091 views, 2 Comments
|
Previous Article « Woman Whose Posing as Teen Boy on MySpace Lead to Megan Meier’s Suicide Indicted in Federal Court
Read Next Article » Paypal Instant Payment Notification System Goes Down
A group calling itself “Friends of Yahoo” has initiated an online petition to stop a small group of hostile stockholders from forcing Yahoo to sell itself to Microsoft, and to “Let Yahoo Be Yahoo”. (Sign the ‘Let Yahoo Be Yahoo” Petition here.) Following Yahoo’s rejection of Microsoft’s takeover bid, and the withdrawal of Microsoft’s offer, billionaire Yahoo investor Carl Icahn has snatched up millions of shares of Yahoo in an effort to oust the current board of directors at Yahoo and, along with Mark Cuban and a few others, essentially staged a stock-grab coupe to try to bring Microsoft back to the table and to force Yahoo to accept suitor Microsoft’s offer of unholy matrimony. The reason, of course, was money - Microsoft’s offer looked attractive to Icahn and friends (all the more so now that Icahn has so many more shares of Yahoo). Yahoo CEO Jerry Yang, and the current board, however, felt that Microsoft’s offer grossly undervalued Yahoo and, beyond that, Yang has lots of interesting plans for Yahoo, some of which are already coming to fruition. In short, Yang is saying “don’t count Yahoo dead, because we’re not”, and many, including us, agree. That’s why the Internet Patrol supports the right of Yahoo to not sell itself to Microsoft (or anyone), and to remain, well, Yahoo. And that is the reason behind the “Let Yahoo Be Yahoo” petition, which points out that the public and Yahoo’s own users want an independent, autonomous Yahoo. And without its user base, or public support, an Internet provider such as Yahoo really isn’t worth a whole lot.
Previous Article « Woman Whose Posing as Teen Boy on MySpace Lead to Megan Meier’s Suicide Indicted in Federal Court
Read Next Article » Paypal Instant Payment Notification System Goes Down
|
|
Email the link for this page to a friend! |
Read more:
» Microsoft Says Partnering with Yahoo Search Illegal - IF Google Does it Instead of Microsoft
» Carl Icahn Tries to Serve Yahoo to Microsoft on a Platter - with a Side of Vitriol
» Yahoo IM and MSN Instant Messenger Chat Programs to Talk to Each Other
» Microsoft and Yahoo Announce Internet Chat Agreement
For additional similar stories check out our archives on Microsoft, Yahoo
Microsoft withdrew its offer, as reported and documented in the NY Times. Is this a renewed effort?
Comment by Lou Bugarin — 5/16/2008 @ 9:31 am
Like so many takeovers I don’t think this is a good thing. And if it succeeds, I for one will withdraw from both Microsoft MSN and Yahoo. There are others out there that provide similar services, tho it won’t be the same.
Comment by Flaky — 5/16/2008 @ 10:51 am