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Yahoo board reported split over Microsoft bid
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Written by Daniel   
Friday, 15 February 2008 13:17

 CEO Yang is strongly opposed to selling Yahoo; some board members fear rejecting the takeover bid could expose the board to lawsuits by shareholders

By Linda Rosencrance, Computerworld
February 15, 2008
InfoWorld

Yahoo's Chairman Roy Bostock is leading a group of the company's board members in favor of accepting Microsoft's unsolicited $44.6 billion takeover bid, according to a new report. The informal group headed by Bostock also includes other board members and billionaire investor Ron Burkle, according to the report in the New York Post, which quoted unnamed sources close to the situation. Board members Eric Hippeau, a managing partner at Softbank Capital, and Robert Kotick, CEO of Activision Publishing, are standing behind Yahoo CEO Jerry Yang, who does not want to accept Microsoft's offer.

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