inTheLoo's Journal: Yahoo Tells Their Side of M$ Hostile Takeover.

Yahoo is claiming that Microsoft had no honest intentions in it's recent attempt to buy the company. The details are complex but they involve a lot of lying to the public about details, actions and benefits.

Microsoft's history of business transactions during its attempt to acquire and merge with Yahoo, a presentation to Yahoo shareholders will argue, imply that its business goals may have been to weaken Yahoo rather than strengthen it.

There are many instances that show Microsoft acted in bad faith and their supposedly "generous" offer essentially gave them complete control for much less than the company and business is worth. The allegations include:

• Hypocritical, public claims of intransigence.
• A real cap on the stock offer of $34, while publically claiming much more.
• Withdrawing even that offer for one much worse, for control of search and the Yahoo experience for a 10 year period with only three years worth of promisses.

Yahoo people concluded their presentation by showing that the Google deal left the site visibly untouched and Yahoo with far more control. They accuse M$ of never being interested in a real merger.