[svlug] Time to dump those yahoo accounts

[John Conover]

Andrew Fife writes:
> AFAIK Yahoo hasn't announced whether or not they'll accept MSFT's offer.
> But given the companies recent performance and the 60% premium over what
> their stock was trading at, acceptance seems likely. 
>

Probably so.

The employees and BOD probably don't like it, but they may not have a
choice since they, (by law,) are the custodians of the shareholder's
investment-and not doing what is in the best interest of the
shareholders might result in a shareholder's class action litigation.

Additionally, the merger or purchase, (however they decide to
structure it,) would be subject to SEC approval, (and MS recently got
their antitrust stipulations extended another two years-meaning that
issue is not settled,) and along with MSN, MS would have a rather
large market share of Internet portals; a situation the SEC may
disapprove of, (but maybe not with the current Republican
administration-meaning that MS would have to have things wrapped up by
next January, or risk getting it rejected by a, possibly, Democratic
SEC.)

	John

-- 

John Conover, conover at rahul.net, http://www.johncon.com/