There is a rumor going around according to Techcrunch and Valleywag, causing Yahoo stock to plunge by 5%. Techcrunch got their information for an article on Reuters which stated:
Microsoft has been repeatedly trying to engage Yahoo’s board in discussions, the person said. But the market has deteriorated and changes in Yahoo’s business may have dragged down its value below what it was when Microsoft made its bid, the person said.
This is just another step in the process towards Microsoft’s very likely buyout of Yahoo. My prediction is that the buyout is and has been inevitable for sometime now and all of these tactics by both Microsoft and Yahoo is simply posturing to improve the final terms of the deal. I am not a M&A expert, so I can’t speculate too much about what exactly these tactics mean, but I do know that this rollercoaster has done some insurmountable damage to Yahoo’s employee base and the overall forward-movement of the company.
I was having a conversation the other day with a very talented professional at Yahoo, who is interested in making a move to a smaller more forward-thinking company. The straw that broke the camel’s back for this person - She just wants to get back to work and stop having to wonder what each development that is reported in the news means to her job, team and her company. She said, how can I possibly be expected to be creative and drive progress and focus on beating my competition by building a better product when all day long I am forced to watch my back instead.
Although I haven’t spoken with every employee at Yahoo, I have to believe this to be a very consistent viewpont throughout the organization. How can you be expected to do your best and drive innovation when you’re spending so much time and energy worrying about what’s going to happen to your job, team and company. And even if you’re not worrying about it, you’re talking about it and thinking about it which still takes energy from you being your best.
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