How the mighty have fallen! In February, Microsoft offered to buy Yahoo for a cool $44.6 billion. Yahoo, under CEO Jerry Yang, turned them down.
That was then. This is now.
Then, Yahoo had an ad deal in the works with Google. Then, Yahoo had a stock north of $27 a share. Then, Yahoo thought it controlled its destiny.
Now, Yahoo’s ad deal was scuttled. Now, Yahoo’s stock is just above $10 a share. Now, Yahoo has been trying to convince Microsoft to play let’s make a deal.