The letter, addressed to “yahoos,” is a status report that appears to be aimed at reassuring employees that they are looking carefully at the alternatives.
Yang acknowledges that Yahoo needs to do what’s best for the company and its shareholders—and says they’re still contemplating Microsoft’s bid:
no decisions have been made about microsoft’s proposal. our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape. and we’ve hired top advisors to assist through the process.
what’s become clear in the past few days is how much people care about this company. we’ve seen a strong show of support from our users, advertisers, and publishers, reminding us how much they love our products and services. and i’ve heard from many of you — and from other friends and colleagues from around silicon valley and across the globe — that we need to do what’s best for yahoo! and our shareholders. i promise you that the board is going to do that.
the microsoft interest highlights the tremendous strength of the yahoo! brand and assets: our half billion users around the world, our leading products and services, our open ad network, our technology, and most of all, our amazingly talented people.
The letter goes on to extol Yahoo’s current and future projects. The tone there does make it seem as though Yahoo is fully capable of continuing on its own without accepting the bid, but Yang certainly isn’t shutting out the possibility.
But how long will Microsoft give them to think?