Yang Zhiyuan holds telephone conference to explain Yahoo and reason of cereal song collaboration
June 13, 2008
Beijing time on June 13 message, according to foreign media coverage, on the telephone conference that in Yahoo Zhou Siju goes, yang Zhiyuan of this company presiding apparitor and Er of gram of president susan heart (Susan Decker) explained why Yahoo wants respectively with Google(Gu Ge) the reason that reachs cooperative agreement.
Yahoo week 4 announce, already stopped with all negotiations between Microsoft, signed to be not exclusive sex to search advertisement cooperation agreement with Google. Consultative provision, yahoo will be in advocate the search of station and United States and Canadian collaboration website puts Google on advertisement in the result, yahoo has authority to decide Google advertising is specific put in the position and means. Yang Zhiyuan predicts, this trades can bring for its annual the battalion of 800 million dollar closes.
It is Yang Zhiyuan and Debs below make a speech and accept a query on conference of Zhou Si telephone entire content:
Speech phase:
Yang Zhiyuan: The negotiation of we and Microsoft has ended. Before this, we and Microsoft held a talk several times. In the talk that held on June 8, yahoo president Luo Yibo Situoke (a few tall canals also participate in Roy Bostock) and Yahoo among them. These talks basically discussed to launch the possibility of all sorts of collaboration with Microsoft. Microsoft expresses clearly, to buying Yahoo asset disinclination completely. Microsoft puts forward to search business and Yahoo collaboration only, we feel to should suggest not to accord with the optimal interest of Yahoo partner.
With the cooperative agreement that Google reachs, do not prohibit we with its his tripartite orgnaization has similar collaboration. Already was the travel before Yahoo rises at present when. With Google collaboration can enhance the market competition ability of Yahoo. Our strategic goal is, seize the growth business chance of network advertisement market. The core of this strategy is to want a text to search advertisement and indication ad business to close 2 for one. And should achieve our goal, the most crucial factor is to should adopt open strategy.
To achieve our strategic goal, we already made a large number of significant step before this. After reaching cooperative agreement with Google, not only the market dimensions that is helpful for enlarging Yahoo, and the gain level that still will raise Yahoo.
We already reached commercial agreement with Google, yahoo will be in advocate the search of station and United States and Canadian collaboration website puts Google on advertisement in the result, the advertisement that at the same time we will still put him Yahoo on. Our Panama (platform of Panama) network advertisement will continue operation. Notable is, the dispute that we and Google sign is exclusive agreement, we still will reach similar agreement with any tripartite enterprises henceforth.
The period of efficacy of this agreement is we and Google 10 years. The first phase is 4 years, yahoo can choose to whether renew the contract with Google according to oneself circumstance, add fix a date is restricted to be 3 years, can renew the contract twice. In addition, this cooperative limits is confined to in the United States and Canadian market. In view of the United States judiciary may launch investigation to this, yahoo and Google agree consistently, extend time of consultative become effective backward 3 half moon.
We think, outside should trading to increase 250 million dollar to the operation cash reserve in a bank of 450 million dollar to flow except hopeful, still will bring income of 800 million dollar every year for Yahoo, the reason is the United States and market of Canadian network advertisement have tremendous growth potential. We already bought Right Media of network ad firm before this, will undertake upgrading to platform of advertisement of Yahoo oneself network at the same time. We answer a nature that regards strategy of ad of Yahoo oneself network as with Google collaboration is outspread. We think, open market is very main, as important as what Google cooperates even if Yahoo strides one pace.
Debs: The potential market that will bring to Yahoo to cooperating this rises, we feel extremely excited. Cooperate through this, will make Yahoo develops his market dominant position to acme, the full control that will make Yahoo realizes all to oneself business at the same time counterpoises.
This the main distinguishing feature of cooperative agreement is its flexibility. It also widened the diversity of our strategy program, namely we but more agile ground pays cost to search advertisement of advertisement and platform of Yahoo oneself Panama to have organic couple Google. We will put the place with profit highest potential on Google search advertisement, also be such to showing advertising puts in strategy. Come so, user experience will get be strengtheninged further.
Network ad business will pay fee to Google directly, google pays relevant fee to us according to hit circumstance again. To the network advertisement that Yahoo oneself puts in, ad business still pays fee to us directly. Yahoo is new-style AMP of indication advertisement platform will at be being rolled out formally next week. We had rolled out SearchMonkey, Yahoo to search product of etc of assistant, Buzz before this, these services gained market success. We still hold advantage position on algorithmic search.
Outside cooperating except network advertisement, this agreement still included Yahoo to be connected with the each other of instant communication interconnection between Google wait for matters concerned.
Yang Zhiyuan: Everybody mights as well want, through implementing afore-mentioned strategy, will bring enormous value to Yahoo partner undoubtedly.
Query phase:
Ask: Will want to adopt platform of Google network advertisement only henceforth, network ad business can put in its advertisement between Yahoo page, so whether will they still be willing to continue to pay advertisement fee to Yahoo alone henceforth? It is Google puts in advertisement to Yahoo page at present, and on the contrary, will Yahoo also consider to put a few Yahoo on advertisement on Google page henceforth?
Debs: The situation that we already understood is, google has an advantage very much in domain of search ad business, but indication advertisement is not its grow. Look from gain method accordingly, we hope to be able to grow in oneself on continue to produce an advantage. Through cooperating with Google, we can be mixed in search advertisement at the same time two domains develop indication ad energetically business. Showing advertisement field of course, we provide a help possibly also henceforth to Google.
Ask: Between Yahoo search result, how much is you plan to put Google advertising on rate roughly?
Debs: This amount should be not little, its principle is the gain level that makes we continue to keep current (it is actually avoid to reply) to this query.
Ask: Does both sides obtain cost in TAC(discharge) differentiate how do going up discuss?
Debs: Should make its emulative very strong.
Ask: You feel to be able to appear this kind of circumstance: A few Yahoo have a partner to will convert Google. Will be you adopted for this why to plant persuade measure to stay?
Debs: Trade this to already considered the issue of Yahoo partner. This also is plan of a kind of option of course. But should trade not to involve the fresh blood that joins Yahoo publisher network. To assuring the capital provision of measure, I disclose in this inconvenience.
Ask: That that is to say, those fresh blood are business of additionally one batch of ad, right? Is the 800 million dollar that you say to point to increase income newly every year?
Debs: Yes, it is to show year increases income newly, this number is based on our current profit pattern to push numerate. Like coming to an agreement with Google like us, we also are willing with its his tripartite enterprise begins collaboration in indication advertisement domain. We think, through opening mode, not only will make we realize network advertising dimensions to influence growth, and advantageous to our client also.
Ask: What is the biggest obstacle that you feel to cooperate with Google?
Yang Zhiyuan: Because this is agreement of cooperation of a commerce merely, because this should be not put in the obstacle such as superintendency department approval. But we already agreed, american judiciary can have by a definite date to this 3 half-moon evaluate.
Ask: Will you cooperate from this in specific how many income to obtain to be divided into?
Yang Zhiyuan: Collaboration has not begun formally now, our inconvenience discusses this issue too much. We must use this collaboration opportunity, lay next more good market foundations for Yahoo. After beginning collaboration formally, we will gain more collaboration experience from which.
Debs: When thinking how to increase Yahoo cash to sort a problem, how do we raise Yahoo to search advertising gain level in thinking, in this respect we still lose quite, and the good qualities of Google also depends on this.
Telephone conference comes here end.
Yahoo and cereal song reach burst of advertisement collaboration plan and Microsoft negotiation
June 13, 2008
Dispatch of Netease science and technology on June 13 message, because Yahoo and Gu Ge reached the bag outside searching advertisement to trade, the negotiation between it and Microsoft has failed thoroughly.
This statement that Zhou Si publishs severally makes clear Microsoft and Yahoo, after the negotiation that passes intermittence of a few months of last a period of time, both sides still cannot eliminate difference. This also increased Yahoo to announce the pressure that chooses the strategy fully. Suffer the effect of this message, yahoo share price this Zhou Si dropped 10% .
Yahoo expresses, it has reached the bag outside searching advertisement to trade with Gu Ge, this will make its year battalion restrains growth 800 million dollar, the cash inside 12 months flows the head 100 million dollars of growth 2.5-4.5.
The advertisement of Yahoo and cereal song will be in process of a similar on sale mutual competition, it is easier that this may make trade connect over antitrust superintendency orgnaization close.
Capital of extensive region coronal (Global Crown Capital) analyst Martin - Pukening (Martin Pyykkonen) express, yahoo became Gu Ge’s dealer.
Because Gu Ge is searching the actual strength on advertisement market to be able to increase further, and chairman of committee of antitrust of American ginseng courtyard breaths out Bo Cole (Herb Kohl) ever expressed to will trade to this undertake investigating, should trade predict to will be faced with strict antitrust to examine.
Express according to two message personages that are not willing to disclose a full name, the plan with newest Microsoft includes to buy Yahoo to search business, buy Yahoo with the price of every 35 dollars the share of 16% .
After failing thoroughly with the negotiation of Microsoft, yahoo share price overcomes a stock exchange to drop in Na Sida dropped 10% , with the price of 23.52 dollars the newspaper closes. After announcing the detail that trades with Gu Ge, yahoo share price after city trades in with the price of 24 dollars the newspaper closes.
Yahoo this Zhousi expresses, microsoft makes known his position clearly on the conference June 8: It buys Yahoo to had done not have interest to whole — although the price has every 33 dollars only. This cannot make the Yahoo partner that includes Yi Kan inside possibly satisfactory.
Microsoft states it buys Yahoo to had done not have interest to whole. Because investor thinks Microsoft won’t have acted as again loss is big, microsoft share price rose 4% .
Yahoo this Zhousi expresses, microsoft buys the proposal that searchs business not to accord with the strategy that this company aggrandizement is searched and shows advertising Wu only. Microsoft says in a statement, it is willing to choose plan to continue to negotiate with Yahoo fully with respect to its. Microsoft says, the negotiation that it buys plan to undertake with respect to the part with Yahoo recently exceeded every 33 dollars to the appraise value of Yahoo.
Analytic personage expresses, their predicting Microsoft and Yahoo won’t restart is new round negotiation. The Ke Braun in the analyst heart of Cantor Fitzgerald of American certificate business (Derek Brown) express, play has been done not have thoroughly between Microsoft and Yahoo. In recent negotiation, they are in trade and bilateral prospective respect is put in the difference that cannot make up for.
Microsoft may search for other very quickly to buy an end. The analyst of Morningstar Tuan Telan (Toan Tran) express, microsoft can continue to try. Yahoo is one of sites with the most user on Internet, the discharge that does not have other site is OK to it photograph compare. AOL may be the another choice of Microsoft, its social status is a few lower also.
Radical investor blocks Er · Yi Kan (Carl Icahn) trade in what do his utmost to match Microsoft and Yahoo all the time, he says to cooperate with Gu Ge is the 2nd choice of Yahoo only.
Yahoo did not come to an agreement with Microsoft share price drops greatly 13%
June 13, 2008
Dispatch of sina science and technology on June 13 message, according to foreign media coverage, yahoo week 4 announce, the negotiation course of study between this company and Microsoft already ended, both sides fails to come to an agreement. Share price of this message Ling Yahu dropped to exceed 13% .
And as contrary as Yahoo, microsoft (end of Microsoft) (MSFT) share price dish rose 5% .
Yahoo company says in statement ” already undertook for many times talking with Microsoft, both sides has discussed all sorts of trading plan. ” Yahoo expresses, a few shareholder of company participated in the negotiation that held on June 8, microsoft expresses clearly in negotiating this innocently overall buys Yahoo.
Yahoo statement says, “In talking this, the negotiation of Microsoft amounted to Microsoft to buy the position of Yahoo disinclination to overall on behalf of very clear the earth’s surface, the place before although buy the price,according with this discusses range. The place before although buy the price,according with this discusses range..
End week of 4 end dish, microsoft spokesman has not published a comment to this matter.
Yahoo expresses at the same time, already alled alone be reached between section of engine professional work with respect to its search with Microsoft hand in easy be related to had undertaken negotiating, but the conclusion that reachs finally is this kind trades long-term to its business is adverse. Since Microsoft announce to abandon buying a situation from last month not after the Yahoo of tycoon of Internet portal industry of beautiful, yahoo has formed a variety of means of companionate relation to had undertaken discussion with respect to both sides.
According to other media coverage, yahoo is about to announce with competitor cereal song (Google Inc. ) (GOOG) forms the companionate concern that replaces a gender. ” wall street daily ” published head article order and famous rich guest TechCrunch express, these two companies are close to Yahoo and cereal song come to an agreement, the cooperation that consultative content may include to search engine advertisement field concerns.
At present the company represents Gu Ge to did not make a response to this comment.
Yahoo company all the time since buy actively at what put forward Feburary this year in defence Microsoft want to make an appointment with, yahoo took a lot of actions during, among them one of it is the partner concern that tries to reach side of search engine advertisement with Gu Ge. This company hopes to raise advertising Wu battalion to close with this.
But market concern markets this kind to will bring about possibly the interpose of antitrust branch, rank to mix the 2nd respectively in because Gu Ge and Yahoo are in the United States,searching engine ad industry.
If both sides reachs agreement of cooperation of search engine advertisement, yahoo asks the search that refers Yahoo to turn to Gu Ge likely, by latter general search request and relevant advertisement photograph match, stop the run that scores from this to be divided into with Yahoo. The search business run that Gu Ge scores through this kind of technology closes all the time prep above Yahoo.
Although this kind trades to increase the battalion of Yahoo company to close likely, the market thinks it will make Gu Ge enlarges his to search the consequence of engine market in Internet generally.
Gu Ge CEO says to be willing to see Yahoo maintains independent status more
June 12, 2008
Beijing time on June 12 message, according to foreign media coverage, google(Gu Ge) presiding apparitor Ailikeshimite (Eric Schmidt) Zhou San expresses when accepting the outside to interview, he is willing to see Yahoo will maintain independent status henceforth more, the reason is to if this company is bought by Microsoft,think, compete the benign market that goes against Internet industry.
Schmidt reiterates, look from Microsoft phylogeny, after the product such as operating system of this company Windows holds market dominant position, the meeting below most circumstance brings about consumer to lack more alternative. If Microsoft buys Yahoo, criterion Microsoft general its monopoly dominant position to Internet industry domain outspread. Schmidt says: “We think, yahoo will maintain independent status henceforth, the benign competition that is helpful for Internet industry. the benign competition that is helpful for Internet industry..
Whether be all the time in Google be askinged about try to prevent Microsoft and Yahoo to reach when making easy issue, schmidt expresses, google hopes to be able to undertake cooperative with Yahoo really, but in Microsoft - Yahoo trades in the case, google did not take any interpose step, “Look in me, whether to promise Microsoft to buy a request, this depends on completely Yahoo is not Google. ” he still expresses, if Yahoo and Google undertake cooperative, should not investigate by the antitrust of superintendency branch.
When problem of diversification of refer Google business, schmidt expresses, outside searching business except core, google still rolled out service of etc of map of cloud computation, Google, but company main income still comes from a search really, “Our purpose is to make all business can gain. ” he still points out, gregarious henceforth website will become network advertising emphasis to put in a place, advertisement of mobile phone network also will have huge market to increase latent capacity.
There is a hearsay to say before this, candidate of president of American the Democratic Party Balakeaobama (Barack Obama) lets what Schmidt becomes him enter into an election contest of purpose partner (Running Mate, namely if Aobama is elected as American president, schmidt will take up the post of) of American vice president. Schmidt Zhou San denied this kind of statement. (Compile / in billows)
Yahoo says Reyikan wins victory to expend the demobilization that start the plan
June 11, 2008
Yahoo company (Yahoo Inc. ) say, if radical investor blocks Er Yi to pit (Carl Icahn) controls company board of directors successfully, will start a demobilization to expend a plan. Yi Kan thinks this plan expenditure is too tall all the time.
Zhou Er of this network tycoon still expresses, apply at partial employee below the circumstance that this demobilization cost plans to will control authority occurrence change in the company, appear what a requirement pits like Yi when aiming to prevent Yahoo to be faced with dealership to contend for in that way fluctuant or by fractionation.
One part partner to Telahuafa cancel of front courtyard application should plan, say its can affect the change of directorate member, hang back of the person that make be bought potentially. Below this kind of circumstance, yahoo issued afore-mentioned statement in the open letter that gives employee. Yi Kan asks Yahoo abolish should plan last week. This year in Feburary, microsoft (Microsoft Corp. ) after putting forward actively to buy Yahoo, yahoo formulate this plan.
Yi bank Zhou Er is accepted when interviewing, express, this demobilization expends a plan ” should be condemned ” , reiterated he thinks to should plan to aim the viewpoint of the dealership contention battle with potential obstacle. He says, the administrative layer of Yahoo can find a magic weapon that protects his forever now.
Yi Kan ever still expressed in new York before this, he thinks this plan won’t let Microsoft stop to put forward to buy Yahoo afresh, may incorporate two companies call ” god-given happy match, although they each other look a bit not pleasing to the eye. Although they each other look a bit not pleasing to the eye..
Below the certain circumstance that this plan asks to produce change to controlling right cost of demobilization be extendinged by demobilize or the employee that leave one’s post. Yi Kan predicts to should plan to will cost 2.4 billion dollar. Yahoo expresses in the announcement that gives employee, afore-mentioned numbers do not have a basis, allege this charge predicts to be 514 million or 845 million dollar.
The company administers the lawyer of the respect to express, such demobilization expends Yahoo the clause often is used when be faced with the undesirable person that buy. The president that Dewey &LeBoeuf banner falls and buys a branch Madupiersi (Morton Pierce) says, the plan of Yahoo is very normal. He says: “Look from amount, the problem of it doesn’t matter that I feel they do. The problem of it doesn’t matter that I feel they do..
Yahoo says its traded to American negotiable securities in Feburary committee (each data that SEC) announced this plan. Zhou Er, the FAQ that Yahoo gives employee in its reiterated its clause in the announcement. Yahoo is written, after this plan is controlling authority happening to change two years still effective.
Last week one, the lawyer of fund of two Detroit pension to Telahua Heng Ping court submits a document, the limits that calls this the plan and the limitative block up to its cancel of dealership contention battle undertake.
Yahoo requests partner to act to object Yi Kan
June 10, 2008
The message occupied time of Beijing of dispatch of Netease science and technology on June 10 foreign website report, yahoo published final representative statement that day, include president a letter that Persia of collect Yi · is overcome more and CEO Yang Zhiyuan writes shareholder. This letter supervises and urge stockholder action rises, reject nomination trustee roll of Carl Yikan, protect oneself investment. It is the content of the letter below:
Dear partner friend:
The partner August 1 congress general election is new a board of directors, this will be the most important shareholder plenary meeting on company history. Believe this the election can accord with partner most golden eggs. Below current board of directors and the lead that run a layer, we are implementing the strategy that creates value ceaselessly. In addition, buy in what respond to Microsoft offer and explore other strategy to choose to go up, the board of directors pays close attention to target of a center all the time: How to realize the greatest value of partner.
At this point, you should know, we are in any moment trade to be being reached with Microsoft open an entrance door, the offer a price that wants them only can reflect the complete, specific value of partner. The purpose that we write this letter is, those who ask you support us to put forward the list that by special qualification and ability very strong trustee constitutes. You may have known, the trustee list that Carl Yikan plans to put forward with oneself replaces current directorate completely. Mr Dan Yikan besides selling the company Microsoft, do not have the other plans that deserve credit, although already open suggestion is opposite Microsoft currently,buy disinclination. As a result of Microsoft this kind makes known his position, if Mr Yi Kan replaces current directorate really, will great the value that harms shareholder.
We supervise and urge you, reject the nomination trustee roll of Mr Yi Kan, poll current board of directors, protect your investment. After the administrative layer last year produces change, the board of directors supervised the administrative layer that leads by Yang Zhiyuan to undertake be assessmented in the round to company business strategy. As a result we made attention nod more centralized strategy, those who completed pair of companies transform, implement the policy that develops network advertisement market quickly significantly. Regard this as one part of the strategy, we undertook cogitative strict and decision-making, in order to make investment can bring greater long-term value to partner.
We begin from a great place. Yahoo is unique. We are being searched and be in on mobile advertisement banner, the advantage that showing advertisement to go up is more affirmatory and undoubted, on this market we saw the development opportunity with network best advertisement. Our global user exceeded 500 million every months, own the distinctive Asian property on best technical platform and strategy, we are in acquire network advertisement market favorable position is in on development, the dimensions that predicts this market the about 40 billion dollar from 2007, rise the about 75 billion dollar 2010.
The key depends on using this kind of individual assets to carry out strategic knowledge and experience. We believe to be carried out successfully consume as maximum number ” initiative page ” , with advertisement advocate ” must buy ” the strategy, will make our cash flows can achieve 2 digit growth, raise the redound of partner finally.
Recent financial report and many strategical buy and a series of senses are great of the product roll out, the strategy that proves us has begun to have effect: The Panama that rolled out last year searchs a technology to bring profit continuously, the Right Media that we buy, BlueLithium, Zimbra and Maven Networks, have a help to our core strategy, we are winning new business partner, enlarged the relation with existing partner WPP, Wal-Mart, CBS, our newspaper publishs alliance to own more than 770 newspaper now. Before long we will roll out AMP of new ad administration platform! , will advocate peace for advertisement publisher offers more handy advertisement technology, help us come true more quickly to be network advertisement ” must buy ” the target of platform.
Our board of directors devotes oneself to to realize the greatest value of partner
The board of directors evaluated the offer of Microsoft seriously, maintained its to underestimate the value of the company greatly, do not accord with partner most golden eggs. Advanced in a few months, we and Microsoft had serious negotiation, include a large number of face-to-face negotiation, meet to at least an independent director is attended partly among them. During this, the board of directors spent a large number of time, the meeting that opened more than 20 times, assess the situation that negotiates with Microsoft, studied other and usable plan, with period the greatest value that realizes partner.
Be clear about the earth’s surface in any moment board of directorses and administrative layer bright, they open an entrance door to reaching any trading all the time, include to sell Microsoft, the fair value that wants to be able to reflect a company only makes sure partner can obtain this value, item of a serious consideration is, possibly before the agreement is approved a very lasting government examines and approve a process. Our board of directors also was explored and will continue to explore all sorts of other implementation partner the way of the greatest value.
Carl Yikan can not create the plan of value
The only plan of Mr Yi Kan is, once his nomination list is passed, just hope to abandon buying offerred Microsoft before a many month, before returning conference table afresh, agree to buy Yahoo. But this is not a strategy. Look according to us, the list that Mr Yi Kan and he offers is not the correct person selected that leads independent Yahoo.
Our current board of directors has independent character, experience, knowledge, devote oneself to to lead a company to get used to the network market environment of rapid change, implement the policy of the network advertisement market that develops rapid development, bring value for company and partner. The future of the company and the value that you invest master in your hand. We hope you are had for current and special qualification devote mental trustee people send on one bill. If you have doubt to polling, call MacKenzie Partners please, inc. , free telephone number is (800) 322-2885.
Appreciate your support
Persia of collect Yi · overcomes president more CEO Yang Zhiyuan
Yang Zhiyuan sends letter Yahoo employee to unscramble dealership to contend for battle
June 9, 2008
Time of Beijing of dispatch of sina science and technology on June 7 message, according to foreign media coverage, as dealership contention war escalates further, yahoo CEO Yang Zhiyuan sent letter company faculty recently, the flow that contends for battle with respect to dealership and prospective influence expressed a view.
This year in May the middle ten days of a month, american billionaire, radical investor blocks Er · Yi Kan (Carl Icahn) was started aim to facilitate the dealership that Microsoft buys Yahoo contends for battle. He nominated candidate of 10 Yahoo trustee, the hope replaces existing Yahoo directorate with them, with driving Yahoo to accept Microsoft every 33 dollars, total prices is worth 47.5 billion dollar buy quoted price. These days, yahoo and Yi bank each other send open letter, in indicate oneself position while, the mistake of demonstrate the other side. As Yahoo shareholder plenary meeting (on August 1) draw near increasingly, the dealership that around Yahoo control advantageous position spreads out contends for battle to also will grow in intensity.
The full text of Yang Zhiyuan email is below:
Addressee: Yahoo faculty
Sender: Yang Zhiyuan
Theme: Dealership contends for battle latest news
Yahoo faculty:
In the past a few Zhou Li, everybody saw many concerned Yahoo dealership contend for the message of battle for certain. Will hold on August 1 this year 2008 on Yahoo shareholder plenary meeting, may produce a dealership to contend for battle. Tell from some kind of meaning, this dealership contends for battle to had spread out.
So, after all what is dealership contention battle?
If have one,name or many partner offer the trustee candidate list that he approve, and not the person selected that approve of company puts forward, can produce dealership to contend for battle below this kind of circumstance. Everybody knows, radical investor Yi Kan had nominated candidate of oneself board of directors, because this dealership contends for battle,avoid hard.
In process of dealership contention battle, can appear normally board of directors of a few concerned companies or the obverse side that run a layer or negative statement. We think, hold the drawing near of date as shareholder plenary meeting, the statement of concerned Yahoo will increasing. To those statement that we think to not agree with with the fact, we will make a response. In fact, we this week responded to a few statement in press release.
So did not come to a few weeks in, what situation will produce?
We had traded to American negotiable securities committee submitted dealership proxy, include the trustee candidate list that Yahoo board of directors nominates among them, and what other needs to be decided by ballot on shareholder plenary meeting is second reading. We next the job is, should obtain American negotiable securities to trade after the approval of committee, we will send all Yahoo shareholder dealership a power of attorney. In our dealership a power of attorney, yahoo board of directors recommends the trustee candidate that all partner nominate to the board of directors consistently to cast ay.
We think, yahoo board of directors has enough independent character, knowledge and commitment, can guide Yahoo to had taken the period that high speed of environment of this paragraph of Internet changes, offer the greatest value for Yahoo and its partner. We once expressed for many times, whole Yahoo board of directors throws systemic a person’s mind the job, in order to realize partner profit the biggest the end that change. Regard Yahoo as employee, we more ought to slam the door those highbrow views, dedicated the strategic goal at the company, and shareholder value the biggest change. In this Duan Lingren’s abstracted in the past time, all Yahoo employee can absorption job, to this I should thanks. You are the asset with the most valuable Yahoo.
Remember please, in the process that contends for battle in dealership, communication may get the limitation of a few regulations, but we can do our best, report newest progress in time to everybody. (Rub Er)
Yahoo ever objected cooperating with Gu Ge before Microsoft is bought
June 6, 2008
Time of Beijing of dispatch of sina science and technology on June 3 message, according to foreign media coverage, according to the judicial file that Zhou Yi announces, be in Microsoft early to refer before buying quoted price, yahoo was in charge of the apprehension that stems from antitrust respect high to deny the possibility that reachs search advertisement to trade with Gu Ge.
Two Mixiegen the fund of provide for the aged of the city mentions before this shareholder suit, the hope reverses the boycott attitude that Yahoo board of directors buys to Microsoft, launch a negotiation with Microsoft afresh. Play court of China city Heng Ping especially a judge made adjudication recently, announced indictment content and file of a few courts, thereby a few manners in boycotting Microsoft to buy a process mix Yahoo the practice is common at numerous.
In the documentation that for interior that held on January 30 this year the conference prepares, yahoo expresses: “We will be dedicated at establishing long-term value, is not short-term profit. ” if employee asks about a company to whether be met,give Gu Ge the package outside searching advertising Wu, the answer that Yahoo provides preparation high is, “Short-term profit will weaken our long-term strategy, become advertiser namely ‘ sell surely article ‘ . May be opposite the bag outside searching advertising Wu our battalion packs up short-term stimulative effect, but if search the dominant that becomes future, we will lose the long-term effect to the market. We will lose the long-term effect to the market..
Nevertheless, yahoo subsequently practice is as complete as this one manner however contrary. This year on April 9, yahoo announces to will implement an experimental plan, did not come to two weeks immanent the Yahoo that does not exceed 3% puts in the advertisement that comes from Gu Ge in the search. This action does not mean Yahoo to will join Gu Ge AdSense to search advertisement platform, but began further cooperation to offer a possibility for bilateral future however. At present this test plans to had ended, obtained right result according to saying.
Without doubt, yahoo manages a change one’s tune basically is for nick Microsoft is bought. This year on January 31, microsoft is referred to Yahoo board of directors buy quoted price, the hope adds a stock to buy Yahoo with the cash of every 31 dollars total share. Yahoo rejected this one request subsequently, think Microsoft underestimated the value of this company badly. The course is as long as the contact of a few months, although Microsoft rose to buy quoted price, but still fail to be reached with Yahoo consistent. Final, microsoft can abandon buying only.
Be aimed at Yahoo and Gu Ge’s potential collaboration, microsoft raised doubt, think this trades be suspected of forestall, because Gu Ge has been in,network search and advertisement market held absolutely lead dominant position. Meanwhile, american government superintends a branch to intervene quickly also, express clearly to will trade to Gu Ge Yahoo launch investigation. Before long before, microsoft referred to replace to Yahoo trade plan, the search ad business that buys latter according to saying the likelihood is involved. (Martin)
Yahoo president: In undertaking quickly with Microsoft negotiation
June 6, 2008
[dispatch of Sai Di net] on June 5 message, debs of · of Yahoo president susan (Susan Decker) Zhou San expresses, the negotiation of Yahoo and Microsoft is undertaking quickly in.
According to foreign media coverage, a day ago, american billionaire, radical investor blocks Er · Yi Kan (Carl Icahn) alleges, if the triumph in battle is contended for in dealership, he recalls the requirement the job of member of directorate of etc of Yahoo CEO Yang Zhiyuan.
This year in May the middle ten days of a month, yi Kan ever was started aim to facilitate the dealership that Microsoft buys Yahoo contends for battle. He nominated candidate of 10 Yahoo trustee, hope they can replace existing Yahoo directorate, with driving Yahoo to accept Microsoft every 33 dollars, total prices is worth 47.5 billion dollar buy quoted price.
Yi Kan expresses, show what announce recently with the judicial document that shareholder suit concerns, announce to buy in Microsoft previously, yahoo had adopted what inflict of a few radical arrange prevents Microsoft to buy, the employee that includes high cost recruits a plan to wait, caused the rupture of this negotiation finally. Microsoft abandoned pair of Yahoo buy. Play court of China city Heng Ping especially a judge made adjudication recently, allow to announce indictment content and file of a few courts, a few manners in boycotting Yahoo Microsoft to buy a process and practice are common at numerous.
Yi Kan is being accepted ” new York Times ” when interviewing, say, the action dimensions that he thinks nobody understands Yahoo truly has how old.
To this, debs expresses, the file from newest exposure can see, be in Microsoft early to was referred on January 31 before buying quoted price, yahoo has adopted what measure nick Microsoft may start to buy. She expresses: “To avoid to be bought, yahoo did much work, everybody cannot think of the likelihood dimensions has how old. ” Yahoo will hold year shareholder plenary meeting on August 1, will confront each other with Yi Kan face to face at the appointed time its unmake a requirement.
Zhou Er, yahoo share drops 1% , the newspaper receives every at 26.15 dollars.
Yahoo shareholder plenary meeting is held on August 1
June 3, 2008
Dispatch of Netease science and technology on June 4 message, yahoo this Zhou Erxuan cloth will hold shareholder plenary meeting on August 1.
” wall street daily ” some earlier moment report says, radical investor blocks Er · Yi Kan (Carl Icahn) will try to force the king or emperor to abdicate to Yang Zhiyuan on shareholder plenary meeting. Yi Kan had been referred before this await choose directorate member roll, but did not aim spearhead Yang Zhiyuan. ” wall street daily ” if cite Yi pits, the report says, “I understand why Microsoft can abandon buying Yahoo eventually. Yahoo claims to be willing to negotiate on one hand unexpectedly, apply in the dark however on one hand stumble child? Apply in the dark however on one hand stumble child??
Yahoo passed a statement to have fight back to Yi Kan. Yahoo says, the manner of the Yahoo board of directors that includes Yang Zhiyuan inside all the time very clear, they join any magic figures drawn by Taoist priests to invoke or expel spirits and bring good or ill fortune that consideration Microsoft offers partner most of golden eggs buy program. Yahoo says, in a few months in the past, yahoo is negotiating with Microsoft all the time, abandoned buying program till Microsoft, the view oversight of Mr Yi Kan the fact that this understands.
Microsoft says it won’t publish a comment to Yi Kan’s act. A spokesman of Microsoft says, two companies still are maintaining a contact, but still need to be announced to the outside without what message at present.
Yahoo is in a document that can submit to American card inspect say, it will the remit to of shareholder plenary meeting that will hold on July 3 surely formerly on August 1. The hotel holds the Feiermengte that why will Yahoo fill in in emperor board of directors.



