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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)

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Written by ITTech · Filed Under IT Magazine