Filed under: Deals, Bad news, Microsoft (MSFT), Yahoo! (YHOO)
As if the getting-older-by-the-minute Yahoo Inc. (NASDAQ: YHOO) didn’t need another mark against it, the web pioneer and stubborn company recently provided information on the costs it incurred in fending off a successful Microsoft Corporation (NASDAQ: MSFT) bid this summer. The final tab: $36 million.
Much of this tab was with advisory and law firms that helped the company deal with Microsoft along with a proxy battle by Carl Icahn that was settled just a few weeks ago with the installment of some Icahn puppets as board directors.
As a Yahoo! investor, are you pleased with the way Yahoo! has defended itself? Would the company be better suited for long-term success as a Microsoft division, or going at it alone as it has been?
How about the company taking $36 million from its cash pile to pay for all those consultants and attorneys? Was all the effort and expense in the ideal interest of the Yahoo! shareholder? Oil billionaire T. Boone Pickens doesn’t think so — but what about you?
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