Jerry Yang changes his mind

Sometimes the technology business moves too fast for even online media to keep up

Tags: InvestmentYahoo! Incorporated
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By  Mark Sutton Published  November 6, 2008

Sometimes the technology business moves too fast for even online media to keep up. Just hours after Google said it was dropping its online ad deal with Yahoo! - an $800 million deal that was vital to keep Yahoo's disgruntled shareholders happy after the board failed to thrash out a sale to Microsoft that would have given investors $33 per share against today's market price of $14 - CEO Jerry Yang stands on stage at an industry event and says that Microsoft should buy Yahoo! after all. Most definitely, and its what Yahoo! wanted all along.

This is the same Jerry Yang who described a previous offer by Microsoft as "ludicrous”, and said that Microsoft's behaviour was “erratic and unpredictable”; who, according to Microsoft, made changes to Yahoo's company plan to make any takeover more costly for Microsoft and the same Yang, who claims the Google deal was scuppered by the government as it doesn't understand their business (I think they understand monopolies well enough Jerry...)

And its the same Jerry Yang that Carl Icahn, the investor who lead a shareholder revolt against Yang and the Yahoo! board, said "will not be able to ‘botch up' a negotiation with Microsoft again, simply because they will not have the opportunity".

Looks like Jerry wants the last word on this one Carl.

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