Search
Engine Optimisation Web Log (BLOG) Editor: Matt
Paines
| This News Blog is
dedicated to bringing news, information and innovations targeting the
Search Engine Optimisation industry.
18 May 2008
Investor fury at Yahoo! deal collapse
The collapse of negotiations between Yahoo! and Microsoft has been met with fireworks, as investors were angered by the online giant's rejection of Microsoft's eleventh hour takeover bid of $47.5 billion.
And now Yahoo! chief, Jerry Yang, faces a tough few weeks ahead of the company's annual shareholder meeting, amid rumours of a challenge to his leadership.
Yang desperately needs to get a concrete plan for the company's future within the next few weeks or else, according to one industry source, Wall Street will flay him alive.
Yahoo! shares plummeted as news broke through that the deal was off, with suggestions that a clash of personalities had been the biggest barrier to an agreement.
Company shares have since rallied slightly on hopes of a return to the negotiating table.
However, president of Microsoft International, Jean-Philippe Courtois, suggested that this could be unlikely, when he described the collapse of talks as the end of the story.
Comment:
JOIN
THE MAILING LIST
If
you'd like to receive occasional updates on what's happening in the world of Search
Engine Optimisation, then please give us your e-mail address
XSEOhas an open
policy to SEO, so before you part with any money (with us or anyone
else), it makes sense to make sure you're site is working within the confines
of SEO Best Practice.