Yang courts Microsoft: Show me the money

By Dan Farber, CNET News.com
Tuesday, May 06, 2008 10:59 AM

Yahoo CEO Jerry Yang talked to a few press outlets Monday, opening the door to further negotiations if Microsoft is willing to show him the money, or what he considers the appropriate price.

Microsoft's final bid was US$33 and Yahoo held out for US$37, or something close to that number, but Ballmer decided on Saturday not to continue the courtship. With Yahoo flaunting its possible ad serving deal with Google and holding out for an 80 percent premium over the Jan. 31 closing stock price, Yang appeared to overplay his hand.

According to Reuters, Yang said it was Microsoft who decided to cease negotiations. With shareholder lawsuits piling up in the wake of the failed deal, the stock suffering, and no other suitor in sight, Yang may now be looking for rapprochement with Ballmer.

"If they have anything new to say, we would be open...I am more than willing to listen," Yang told Reuters.

This article was originally a blog post on CNET News.com.


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