E-Commerce Blog

Yahoo is starting its first full week with an updated board of directors and a fresh outlook for the future. Former Viacom CEO Frank Biondi Jr. and former Nextel CEO John Chapple — both recommended by outspoken shareholder-turned-board-member Carl Icahn — were officially appointed to leadership roles Thursday. Now, the company will try to find the path away from public battles and into success. Icahn, for his part, has yet to reveal a formal plan to turn the company around. He initially promised a “quick sale” to Microsoft, but that notion is looking less and less likely.

More here:
Chapter 2 in Yahoo’s Summer of Drama

Things are looking rocky for Yahoo after the latest round in its back-and-forth battle with Microsoft. The war of words took an ugly turn when Yahoo announced over the weekend that it had received and rejected a new Microsoft offer for a search-only purchase. Now, Microsoft is telling its side of the story, and one thing’s for sure: The two tales definitely don’t match up. Yahoo painted a picture of an unreasonable offer with a 24-hour deadline and no room for negotiation. Its statement described a scenario in which Yahoo’s leadership would be replaced.

Read the original here:
Microsoft Begs to Differ