from the Silicon Alley Insider.
Yahoo CEO Jerry Yang wisely emerged from his bunker today, updating Yahoo’s worldwide workforce about the Microsoft offer via an email message and patting them all on the head.
…as we’ve said, no decisions have been made about microsoft’s proposal. our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape. and we’ve hired top advisors to assist through the process.
Meanwhile, the value of Microsoft’s buyout offer is dropping, which will actually make it more easy to rebuff.
Follow this on the Silicon Alley Insider.