From the beginning of the Microsoft-Yahoo tussle I thought that Steve Ballmer should just be patient, because Yahoo’s shareholders would eventually force Jerry Yang’s hand. It now looks like Jerry is being taken to the woodshed by some very big boys.
“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.”
This could be a done deal in two weeks and Yahoo has no where to run.