Yahoo Warns of Repercussions of Microsoft Bid, Also Gets Sued - InformationWeek
IoT
IoT
Business/E-Business
Commentary
2/28/2008
04:03 PM
Jake Widman
Jake Widman
Commentary
50%
50%
RELATED EVENTS
Building Security for the IoT
Nov 09, 2017
In this webcast, experts discuss the most effective approaches to securing Internet-enabled system ...Read More>>

Yahoo Warns of Repercussions of Microsoft Bid, Also Gets Sued

San Jose Business Journal, CNET News, InformationWeek

In its annual report filed with the Securities and Exchange Commission, Yahoo stated that Microsoft's attempted takeover may lead to the departure of key employees and a loss of business.The annual report claimed that the Microsoft situation has "created uncertainty for our employees and this uncertainty may adversely affect our ability to retain key employees and to hire new talent." Not only that, the report said, but the bid could "create uncertainty for current and potential publishers, advertisers and other business partners, which may cause them to terminate, or not renew or enter into, arrangements with us." These are just two of the ways the business maneuverings "have been, and may continue to be, a significant distraction for our management and employees," the report continued.

Another significant distraction is bound to be the seven shareholder lawsuits the annual report listed. Four of the suits have been filed in Santa Clara County (California) Superior Court, while the other three have been filed in Delaware, home to pension funds that own Yahoo stock. The lawsuits claim that Yahoo has mishandled the Microsoft offer.San Jose Business Journal, CNET News, InformationWeek

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll