Yahoo claims more than 500 million users worldwide but has been struggling to cash in on its popularity.
Yahoo’s sagging fortunes and Google’s ascension as Internet advertising king prompted Microsoft on Jan. 31 to offer to buy Yahoo for US$44.6 billion in a half-cash, half-stock deal.
Microsoft was eager to combine online resources with Yahoo in order to better battle with Google.
Microsoft walked away from negotiations on May 3 after Yahoo rejected an offer it raised from US$31 to US$33 per share, which amounted to US$47.5 billion.
Yahoo subsequently made a deal with Google to put its online advertising expertise to work on Yahoo Web sites. That deal is to take effect later this year if it passes muster with US anti-trust regulators.
“It’s been a remarkable year so far and it is going to continue to be a remarkable year,” Yeh said. “I like interesting times. I think when things are in flux good things happen.”
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