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Yahoo! (YHOO) Turns To Microsoft (MSFT) For Help

Now that Google (GOOG) has walked away from a deal to sell search advertising for Yahoo! (YHOO), the portal company has to come up with a way to replace all that money. Yahoo! could go through another round of lay-offs,…

By Douglas A. McIntyre
Published November 6, 2008, 6:34am ET · 1 min read

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MsftNow that Google (GOOG) has walked away from a deal to sell search advertising for Yahoo! (YHOO), the portal company has to come up with a way to replace all that money. Yahoo! could go through another round of lay-offs, but at some point, who is left?

No one would argue that the best deal for Yahoo! was always the deal to sell to Microsoft (MSFT). Yahoo! is sending signals that it is open to talk.

According to Reuters, "After nearly a year spent seeking alternatives to Microsoft Corp’s buyout offer, Yahoo Inc’s Chief Executive Jerry Yang said he believes a deal between the two is still the best option for the beleaguered Internet company."

Too bad for Yang and his shareholders that Steve Ballmer has watched Yahoo!’s share price drop from the $33 he offered to $14. It is hard to imagine a new offer will be even close to $20.

Douglas A. McIntyre

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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