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SK Holdings Company Ltd: Yahoo gave a new condition get some shareholders’ support

This article is provided by SK Holdings Company Ltd

Market research firm comScore latest statistics show that Google company in June market share of 61.5 percent, ranking second in the Yahoo share of 20.9 percent, followed by Microsoft accounted for 9.2 percent.

Yahoo’s board of directors said that if the conditions are right, Yahoo is willing to share, or 33 U.S. dollars higher prices to sell the entire company to Microsoft. Jerry Yang is the first time this attitude is willing to share, the price of 33 dollars to negotiate with Microsoft. Yahoo even given another option, that is, the divestment search business that it is Microsoft’s offer can not be less than the actual Yahoo search business value.

Moreover, Yahoo’s largest shareholder Capital Research fund management companies are likely to support the position Icahn. Earlier this month, Capital Research fund managers Gedeng Ke Crawford (Gordon Crawford) had said they would seriously consider in the August 1 for its shareholders to vote against the incumbent board, but has not yet made a final decision.

Yahoo, one of the top 10 shareholders of the U.S. fund management company Shing (Legg Mason Capital Management) last Friday announced that the Yahoo support the re-elect the incumbent board of directors, without support of radical investors Kaeryikan (Carl Icah) launched the battle for the right agent .

The Kaeryikan position in the main area of Yahoo’s board of directors made the control of the leading Microsoft and Yahoo deal.

US-sheng issued a Yahoo shares 4.4 percent, is now publicly expressed support for Yahoo’s board of directors is now the only Yahoo institutional shareholders. The documents show that the regulatory bodies, Icahn controls about 5 percent stake in Yahoo.

February of this year, Microsoft has made to Yahoo’s acquisition of 31 U.S. dollars per request, then Microsoft also raised to 33 U.S. dollars per share, but Jerry Yang asking price for the 37 U.S. dollars per share or higher. After Yahoo also rejected Microsoft’s only acquisition of Yahoo search business proposal.

Sheng made it clear that the United States, in August 1 of the annual general meeting of shareholders, board of directors will vote in support of Yahoo’s current nine directors. Sheng’s statement was the United States in Yahoo Chairman of the Board of Luo Yibo Stockton (Roy Bostock) and CEO Jerry Yang of all the shareholders to make new commitments issued after.

Analysts have said that Yang has to do so, its ultimate purpose is to be shareholders in the upcoming annual meeting of the shareholders receive the support of Yahoo, conditions can not predict how honoured.

In addition, Google and Yahoo’s advertising plan is still under review process. As the second-quarter earnings below analyst expectations, Google shares last Friday down nearly 10 percent, to 481.32 U.S. dollars closed, the three ministry below 500 U.S. dollars.