Non, Je Ne Regrette Rien–Well, Except For That $50 Billion Offer from Microsoft

One of the more oft-repeated legends I am suddenly hearing lately from folks inside and close to Yahoo is of CEO Terry Semel getting and turning down what amounted to a $50 billion offer from Microsoft in early 2006. The tale has become a bit of an urban legend within the company for some, who point to it as part of the complex web of reasons the Internet portal cannot seem to accept a lesser price now. While I am not so sure that Yahoo is paralyzed by regret, such pricey possibilities from years past probably does have some weight today.