A timely maneuver by Yahoo's lawyers apparently played a key role in scaring off Microsoft for the moment. In a letter to Yahoo CEO Jerry Yang, Microsoft CEO Steve Ballmer said concerns over Yahoo's plans to pursue a deal to outsource some online advertising to Google would bring "a host of regulatory and legal problems" and weaken Yahoo's paid search advertising position. Observers say it was a clever delay tactic by Yahoo's lawyers at Skadden that gave the company time to come up with the Google deal.
May 06, 2008 at 01:01 AM
1 minute read
The original version of this story was published on Law.Com
Pundits may credit Yahoo CEO Jerry Yang’s bullheadedness with scaring off Microsoft for the moment, but it appears that a tiny, yet timely, legal maneuver by Yahoo’s lawyers also played a key role.
On Saturday, Microsoft walked away from its three-month pursuit of Yahoo after leaders of the Sunnyvale, Calif., Internet company wouldn’t bite at a two-dollars-sweeter, $33-a-share offer. They apparently wanted $37 a share.
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