Some of Yahoo's shareholders are making their desire for a union with Microsoft known, although they think getting a better deal would be nice too.Bill Miller, an investment officer at asset management firm Legg Mason--Yahoo's second-biggest investor--wrote in a quarterly letter to investors that "It will be hard for (Yahoo) to come up with alternatives that deliver more value than [Microsoft] will ultimately be willing to pay," Miller wrote. He went on to say that Yahoo is in a "tough spot."
Nevertheless, Miller also urged Microsoft to increase its bid. He estimated Yahoo's value at near $40 per share, while Microsoft's original offer was $31 per share.
Further pressure to complete a deal has come in the form of the first shareholder suit against Yahoo. The Wayne County [Michigan] Employee's Retirement System of Michigan, which owns about 13,600 shares of Yahoo, has sued to force Yahoo to consider takeover offers--particularly Microsoft's. "We want the board to be responsible and to take this offer seriously, review it appropriately, and respond appropriately," said David H. Fink, a lawyer representing the retirement system. "Just saying no is not an appropriate response."Yahoo News, InformationWeek
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.
InformationWeek Must Reads Oct. 21, 2014InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.