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Scandalous Details Revealed, But YHOO-MSFT-GOOG Dynamic Remains Intact
 
Submitted By: jeffrey.hyatt on 2008-06-03
About the video: Documents unsealed Monday evening reveal some sexy details on the process inside Yahoo, but probably don't change the dynamic with Microsoft, Carl Icahn -- or Google, for that matter.

Among the highlights:

* Microsoft made a $40 per share bid for Yahoo in January 2007, but was rebuffed by then CEO Terry Semel.
 • Microsoft went public with its 2008 bid after attempting another private transaction and coming to the conclusion that Yahoo CEO Jerry Yang was adamantly opposed to selling.
 • Yahoo's own compensation advisor thought the employee retention package adopted in the wake of Microsoft's 2008 bid was "nuts," and even Yahoo CTO Ari Balogh thought it went too far.
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