I would think the deal was dead in the water but for one thing: Jack Ma wants his company back. He's been trying to claw back that 40% from Yahoo for quite some time now. One way or another...
The sad news is that Alibaba probably wouldn't bother to mess with Yahoo; they'd shut it down. There was speculation I believe that the entire purchase by Alibaba was an indirect attempt to weaken Yahoo and thereby reduce competition. That sounds kinds of wild, but you never know.
Mary somehow Yahoo needs to get Alibaba to aquire it and try and get it delisted from NASDAQ. Let the Chinese fumble around with this mess of a company on their own terms. At this point it would be a fitting end to such a sad company story.
Very disheartening to see this company move from bad to worse to absolutely perilous. This deal requires consummate skill and knowledge of the Chinese markets. Do we have a hope that anyone at Yahoo can get things going again?
Latest today, Yahoo was apparently rethinking the price in the light of the success of Taobao, Alibaba's ecommerce start-up.
"It was an extremely complicated deal to get done given the multi-jurisdictions and the size of the assets in play," said a third source familiar with the matter.
"Yahoo was just completely ineffective, unable to execute a deal. It comes down to them being in turmoil with a new president, a board change, etc," that person said.
Nobody is taking charge. The Chairman is on his way out, the CEO is surely undermined by this board battle. I am sure Loeb and co would like to take charge, but can they? And where do they look for money if the Alibaba deal is off and they've already turned away domestic investors?
No wonder Yahoo's share price fell 4.7% when news of the deal's collapse came out.
I fear that there's no way out of the mess that Yahoo's in because it seems no one can agree on an actual direction forward. It's a little late in the game to still be deciding what kind of company you are. To be as clueless as Yahoo's board and management appear to be is a disaster.
Yahoo's new CEO can't go back to what Yahoo was; that's how it got to what it is! Instead she has to look at something that Yahoo has always rejected, which is a relationship with the telcos and cablecos. They'd love a partner in creating service applications.
Carol Bartz was the CEO of an international public company. But that didn't stop her from cursing a blue streak when she was fired last week. Here's why she should have kept her mouth shut.
The 'Do Not Track' concept of the FTC sounds like 'Do Not Call,' but there's a big difference between the two that could disrupt the whole notion and, worse, create costs and new risks for the very people it's supposed to protect.
The whole Amazon.reader debate is a double-stupid. It's stupid to think that there's any e-book buyer who doesn't know Amazon's URL, and it was stupider to let ICANN launch the whole free-form TLD initiative to start with.
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