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 Battered Yahoo Admits It Overplayed Hand

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Aryan
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PostSubject: Battered Yahoo Admits It Overplayed Hand   Thu May 08, 2008 11:41 pm

Battered Yahoo Admits It Overplayed Hand

Not really video game news, but it should please some xbox fanbois. From here.

Quote:

"I'm extremely disappointed in Jerry Yang," said Gordon Crawford, a portfolio manager at Capital Research Global Investors, which owns over 6% of Yahoo's shares. "I think he overplayed a weak hand. And I'm even more disappointed in the independent directors who were not responsive to the needs of independent shareholders."

It's evident that most shareholders would have been perfectly happy with a transaction in the $34 range," said Mr. Crawford. The concern owned over 16% of Yahoo's shares according to the latest available regulatory filings, making it Yahoo's largest shareholder.
Ouch.

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