Yahoo’s Lost Opportunity
So much for the “boatload of money” Carol Bartz wanted from Microsoft in return for a search deal with Yahoo. Instead, Yahoo’s chief executive settled for a deal that wouldn’t fill a bathtub. The transaction involves no cash upfront and gives Microsoft what it has always wanted: effective control over Yahoo’s search business.
Source: WSJ
Reuters: “Yahoo investors disappointed, but hold out hope” [..] “Bartz said on the earnings call the company is now hiring more engineers and sales and marketing staff as it invests in new products and branding.”
