As expected, Yahoo has been sued by some of its shareholders for the way it handled Microsoft's bid.
Microsoft rejected Yahoo's $42 billion takeover bid.
It's logical reaction after what happened with Enron and WorldCom. Small investors are too scared to loose everything because of the Big Boys games.
Now if amount of participants in this lawsuit will increase significantly Yahoo will be forced to accept takeover bid instead of spending own millions to settle with investors...
There current lawsuit is on behalf of seven shareholders, that may well increase, already, Yahoo claims the lawsuit and Microsoft bid is distracting it from concentrating on managing the business effectively.
Welcome to Our Community
Wanting to join the rest of our members? Feel free to sign up today.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Attention: "role based name" email prefixes such as support, webmaster, info, contact, forum, service, affiliate, admin, traffic, partners, marketing, etc., for our member accounts are not permitted. They are acceptable for a vendor listing, but not for the member email. This is due to bulk email processors scrubbing them for delivery due to extremely high bounce rates. Please apply for membership using a personalized email prefix. Something like bob@xxxxx.com.
If we discover you signed up with a role based name we will give you only one message to change it. After 3 days your account will be removed if the email is not changed.