MicroHoo, One Year Later: The More Things Change…
It was exactly one year ago today that Microsoft CEO Steve Ballmer called Yahoo co-founder and then-CEO Jerry Yang and told him he was going to make an unwelcome public bid to buy Yahoo for $44.6 billion, or $31 a share in order to turbocharge Microsoft’s Internet business.
Today, Yahoo (YHOO) shares are hovering at about $12 a share, with the company’s valuation at about $16.3 billion–and Microsoft (MSFT) is still in need of a jump.
I think that just about sums it up!
But if not, here are 10 BoomTown posts over the last year about the pair’s epic failure, oops, fight, you can peruse to take a trip down memory lane:
1.) 2/4/08: Where in the World Is Jerry Yang?
3.) 4/17/08: MicroHoo: Yahoo and Google Play House
4.) 5/5/08: MicroHoo: The Odd Couple Meetings Led Nowhere
5.) 5/23/08 MicroHoo: The Gates Factor
10.) 1/7/2009: New Prospect for Yahoo CEO: Carol Bartz