July 22, 2009 by Matt Thomas
Yahoo CEO, Carol Bartz has angrily asked the media to stop talking about the £47.5 billion dollar Microsoft buyout rejected by her predecessor late last year. The head of the number two search engine is apparently tired of hearing about the deal, stating…
“Yahoo! actually has a bright, bright future, probably cleaner and simpler future without thinking there’s any Microsoft connection. We’d be better off if we’d never heard the word Microsoft.”
Tough talk indeed. Unfortunately, no amount of sabre rattling is going to change the prevailing opinion that turning down the Microsoft deal was a phenomenally daft thing to do. £47.5 billion was a generous evaluation at the time and the decision to reject the offer ushered in a period of free-fall that, within months, saw the company cut around a thousand jobs, wipe two thirds off the share price and generally slip to a level where they couldn’t hope to get a valuation of anywhere near that figure.
It’s unsurprising that she doesn’t want to hear about it anymore, though it’ll be interesting to see exactly what kind of ‘bright future,’ Carol Bartz has in mind.
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