Yahoo Shareholder!

Yahoo Inc. shareholders are pushing the Yahoo Board to at lease sell part of the company. One of Yahoo’s biggest investor wants them to sell its search operations for around $15 billion. If Yahoo sold the search operations at that price shareholders would net about $22 a share, which is much higher than Yahoo is going for today. The big pusher of this deal is Ivory Investment Management, which also stated that the Board of Directors where “acting unreasonably” in the deal with Microsoft. The real problem is out going CEO Jerry Yang who is holding out for about $37 a share. If you don’t know already Jerry Yang is a co-creator of Yahoo and still has a lot of pull within Yahoo. He’s only stepping to the side because of some of the problems he’s created with shareholders. He’s still going to remain working with Yahoo; he’s not going away, just working in the background. I think Jerry Yang is a very smart man and the shareholders are just driven by what’s going on around them today. If they would listen to him and hold on to Yahoo stock they would make a lot more down the road. Yahoo is worth way more than the $33 a share Microsoft offered a few months ago. But shareholders are just looking to sell now instead of waiting a year till things improve. Oh well, their loss!

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This entry was posted on Thursday, December 11th, 2008 at 11:07 am and is filed under Business, Economy, General Info, Investing, Tech. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.