Yahoo, which has been battling a loosing battle in its bid to not become an entity of the Microsoft Corportation has recieved numerous lawsuits (here). Another reason to be worried is that they’ve also annoyed their biggest shareholders who are letting everyone know what they think of Jerry Yang and the Yahoo board of directors (here)

“I’m extremely disappointed in Jerry Yang. I think he overplayed a weak hand. And I’m even more disappointed in the independent directors who were not responsive to the needs of independent shareholders.” which Mr. Crawford goes on to say, “It’s evident that most shareholders would have been perfectly happy with a transaction in the $34 range.”

Mr. Crawford of Capital Research Global Investors which is a division of Capital Research & Management Co owns over 16% of Yahoo’s shares which means, its Yahoo’s largest shareholder.

However, I think everyone is smart enough to realise that Microsoft really needs/wants Yahoo but they’re trying as if they don’t need Yahoo (although it would take them longer to achieve their aims) and because of this and with the troubles now occuring at Yahoo, Microsoft should go back in with a new offer.  The reason they should is because, Yahoo’s shareholders are letting it known quite publicly that they think $33/share is a good deal which means that, Yahoo’s board do not have a really valid reason to oppose a deal at this value when their shareholders (their largest at that) are making their position on the deal so publicly known.

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