by oneafrikan on May 23, 2008
If you’re interested in the inner workings of internet capitalism, then this should give you some good insight into how the system works…
Every day it looks more likely that Yahoo! (YHOO) co-founders Jerry Yang and David Filo will lose control of the company they built into the Net’s first iconic brand. Days after they appeared to have dodged an unsolicited $47.5 billion acquisition bid from Microsoft, raider Carl Icahn began buying millions of Yahoo shares, building up a 4.3% stake.
On May 15 he announced plans to replace Yahoo’s board in hopes of getting the company back to the negotiating table with Microsoft. Apparently with some success: On May 18, Microsoft signaled renewed interest in Yahoo by jumping back in with a fresh proposal that involves, as one option, taking over Yahoo’s search-advertising business
My take, it’s gonna happen – there’s too much to be gained from it, for it not to happen. Guess the question is in what form and when.