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Yahoo CEO Jerry Yang does 180, basically slaps Microsoft in the face

It’s decided – Yahoo CEO Jerry Yang is schizophrenic.

To this day, I have to say that the best thing for Microsoft to do is to buy Yahoo. I don’t think that is a bad idea at all – at the right price, whatever the price is, we are willing to sell the company. We were ready to negotiate, we wanted to negotiate a deal, and we felt that we weren’t that far apart. But at the end of the day, they withdrew and they since have been very clear about not wanting to buy the company.

Dude, Jerry, Buddy. What’s going on over there? Microsoft had expressed more than a fleeting interest earlier this year when it offered struggling internet giant Yahoo a cool $44.6 billion, a 65% premium over the stock price at that time, in a proposed acquisition. At that time, Yahoo did everything it could to squash the deal short of literally driving to Washington and setting fire to Bill Gates’ cat. Now that hindsight is 20/20 and that $44.6 billion is looking pretty damn good, Yang starts pulling these shenanigans in telling the world that he is, and was, all for an acquisition. If Carl Icahn can survive reading this news without having a stroke or hiring a hitman, it’ll be a small miracle.

[Via Mashable]

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Zach Epstein

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.