Jerry Yang Now Wants Yahoo to be Acquired by Microsoft

November 6th, 2008 at 12:00 am
 


jerry yang web 2.0 conference

Well, it seems Yahoo has run out of options.  Back in February, Microsoft made an unsolicited offer to acquire all of Yahoo at $33 per share which totals to about $44 billion.  Yahoo as we’ve witnessed turned the deal down sparking an angry investor Carl Icahn to threat and sue and finally settle for a couple of Yahoo board seats. 

Then when Microsoft was no longer interested, Yahoo went with Google for a planned advertising deal that was supposed to get Yahoo back on its feet.  Yesterday, Google walked away from the deal due to legal woes leaving Yahoo bruised, battered and bleeding.

At the Web 2.0 Summit today, Yahoo CEO and co-founder Jerry Yang was interviewed on stage on the year his company has gone through.  Yang had no regrets but the past events surely have changed his mind on some things.  He says now, Yahoo wants to be acquired by Microsoft.

"To this day, I have to say that the best thing for Microsoft to do is to buy Yahoo. I don’t think that is a bad idea at all…at the right price, whatever the price is, we are willing to sell the company," he explained. "We were ready to negotiate, we wanted to negotiate a deal, and we felt that we weren’t that far apart. But at the end of the day, they withdrew and they since have been very clear about not wanting to buy the company."

Sure it’s quite the opposite of what we’ve been hearing all through out the Microhoo fiasco in the middle of the year, but things did happen and probably Yahoo’s is too tired to think of anything else.

Some might say that Yang is being weak turn tailing and suddenly warming up to Microsoft, but I guess he did do everything right and without the power of seeing into the future, he did make great decisions.  Yahoo’s just been a victim of the times. 

Image credit: CNET