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You’ve heard said "keep your friends close, but your enemies closer," now Yahoo wants to test the boundaries of that maxim to the full.
The Times Online is reporting Yahoo’s efforts to partner-up with Time Warner and possibly merge with the media company’s AOL unit–a deal worth as much as $10 billion! However, the clock is ticking…
Jerry Yang, co-founder and chief executive of Yahoo! is threatened on two fronts in the short term.
The first is a hostile break-up approach from Microsoft and the second is a boardroom coup by Carl Icahn, Yahoo!’s major shareholder.
Mr Icahn, the billionaire activist investor, has already nominated himself and other executives to replace the existing Yahoo! board.
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Here’s a quick trivia question for you. What was the first video run on MTV back in the early 80’s? It was “Video Killed the Radio Star” by the Buggles (I didn’t need to look that up and two of the Buggles, Trevor Horn and Geoff Downes, went on to play with Yes for all of you progressive rock fans out there). At any rate, the idea was that with the onset of video music, Marconi’s invention (that’s the radio for those of you wondering) would die. There would no longer be any need for an antiquated medium where just voices live. Now, because the music could be seen, the radio would just ride off into the sunset.
