Raise Sink the Yangtanic

November 7, 2008 at 9:15 am PT

To this day, I believe the best thing for Microsoft to do is to buy Yahoo.”

– Yahoo CEO Jerry Yang, yesterday

Shares of Yahoo are slipping deep into the mud today after Microsoft CEO Steve Ballmer very publicly dismissed suggestions that the company might “revisit a possible acquisition” of the much diminished Internet portal. Yahoo (YHOO) is trading at well below $12–$11.86–as I write this, having plummeted nearly 15 percent on Ballmer’s remarks.

What an ugly, ugly day for Yahoo and its leadership. At $11.86, the company is, once again, trading at well below replacement value. And to think, Yahoo CEO Jerry Yang once claimed Microsoft’s (MSFT) $31-per-share offer for his company “massively undervalued” it.

To this day, I believe the best thing for Microsoft to do is to buy Yahoo.

Sure, you say that now Jerry …

Tagged with: Jerry Yang, John Paczkowski, Microsoft, Steve Ballmer, Yahoo

comments so far. Add yours.

Mike Kane

He also claimed in Kara’s interview that he’s proud that “he accomplished most, if not all, of what he set out to do” I guess someone needs to ask him what exactly it was that he set out to do? If $31 “massively undervalued” the company, then please let Yang know that I have a whole bunch of shares that I’d love to sell him at the deep discounted price of $31 a share.
Sam Harrison

microsoft’s offer was the last hurrah for yahoo

now it’s just drifting without a rotor