Yahoo boss Jerry Yang has told the BBC that he doesn’t feel “under pressure.” That’s in spite of having to delay the annual general meeting and a threat by investors to replace the board following Yahoo’s rejection of Microsoft’s $47.5 billion takeover bid.
Actually, he says it was Microsoft who broke off those talks over price. But Yang claims the two companies are still talking, with Yahoo listening to Microsoft’s proposals and ideas. There’s been plenty of speculation that the two will work together in some way to try and counter Google’s dominance in the Internet search market.
"Microsoft is no longer interested in buying the company and they are discussing various other partnerships with us," Yang said. "We definitely have to understand what they are proposing. They clearly have an interest in Yahoo and we need to understand more."
So the saga continues.
