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Microsoft May Try To Replace Yahoo Board

Microsoft appears to be taking the next steps in its move toward a hostile acquisition of Yahoo.

Microsoft appears to be taking the next steps in its move toward a hostile acquisition of Yahoo -- or at least put pressure on Yahoo to come to the bargaining table.

According to a New York Times report yesterday, if Yahoo won't negotiate with Microsoft regarding the takeover, Microsoft will attempt to oust Yahoo's current board of directors and replace it with one that would be more more receptive.

"Microsoft would...seek to nominate a slate of directors to Yahoo's board by March 13, the final deadline for nominations, and pursue a lengthy campaign to oust the board," the New York Times' DealBook blog reported, citing anonymous sources. "The move, expected to cost about $20 million to $30 million, was Microsoft's alternative to raising its $44.6 billion bid and is seen as a less expensive way to put pressure on Yahoo's board."

Microsoft representatives declined to comment on the report.

Last week, reports indicated that Yahoo was seeking to partner with others, particularly News Corp., to avoid being acquired by Redmond and/or force the company to up its offer.

About the Author

Becky Nagel is vice president of AI for 1105 Media, where she specializes in training internal and external customers on maximizing their business potential via a wide variety of generative AI technologies as well as developing cutting-edge AI content and events. She's the author of "ChatGPT Prompt 101 Guide for Business Uses," regularly leads research studies on generative AI business usage, and serves as the director of AI Boardroom, a new resource for C-level executives looking to excel in the AI era. Prior to her current position she was a technical leader for 1105 Media's Web, advertising and production teams as well as editorial director for a suite of enterprise technology publications, including serving as founding editor of PureAI.com. She has 20 years of enterprise technology journalism experience, and regularly speaks and writes about generative AI, AI, edge computing and other cutting-edge technologies. She can be reached at [email protected].

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