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Yahoo! Remains Undecided Over the Weekend

The board is supposed to meet again face-to-face all day Wednesday, ironically, the day before Valentine's Day

Yahoo! has yet to move off the dime after a board meeting reportedly by telephone today in which it reviewed its options in the face of Microsoft’s hostile week-old $44.6 billion bid for the company.

Officially Yahoo! won’t even confirm the phone call but according to what has leaked to the press, the board is supposed to meet again face-to-face all day Wednesday, ironically – and perhaps prophetically – the day before Valentine’s Day.

Meanwhile, indulging perhaps in a bit of “rabbi shopping,” Yahoo! is supposed to have whistled up some more financial advice

The Financial Times says it has hired Moelis & Company, which advised billionaire Yahoo! director Ron Burkle last year in his failed attempt to acquire the Tribune newspaper group.

Earlier reports today claimed Yahoo’s other advisors, Goldman Sachs and Lehman Brothers, are telling it to accept the Microsoft deal.

And the Wall Street Journal, quoting unnamed sources, claims that Yahoo! CEO Jerry Yang didn’t present the option of ditching Yahoo’s own search-advertising system and using ads from Google in return for most of revenue as a “preferred choice."

That widely touted idea is regarded as catnip to regulators who are likely to quash such an arrangement because of Google’s dominant position in online advertising.

That only leaves pressing Microsoft for more money and Capital Research and Management, which owns 11% of Yahoo and 6% of Microsoft, is supposed to have sounded out Microsoft CEO Steve Ballmer about the possibility of a sweetened offer, according to the New York Post.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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