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'Yahoo bid flop Microsoft's fault'
Bill Condie, Evening Standard29.05.08
Yahoo founder Jerry Yang, under fire for letting a $47.5 billion (£24 billion) takeover bid from Microsoft slip through his fingers, says it was the software giant that pulled the plug.
Yang compared conflicting versions of the deal's failure to a romance gone sour. "It's like you break up with your girlfriend in high school...it pretty quickly becomes 'he said, she said'.
"We did not walk away from that proposal. Microsoft did," Yang said at a digital technology conference near San Diego.
In his first public comments since the bid for his internet firm collapsed, Yang said the money on the table from Microsoft was not enough.
But he tried to talk up prospects of some alliance with Bill Gates' company that would fall short of a takeover. "Microsoft is no longer interested in buying the company, and we are talking about other things. We definitely have to understand what they're proposing," he said.
