The New York Times reported today that in an interview, Yahoo’s CEO and co-founder, Jerry Yang, claimed that Microsoft pulled its bid for his company after Yahoo counter offered the software giants previous bid.
This is in direct contrast to claims by Steve Ballmer and Microsoft’s advisers, that stated that the bid was pulled due to Yahoo’s unwillingness to counter, and Mr. Yang and his board’s decision to settle on a price of $37 a share their ultimate refusal to budge.
“They chose to walk away after we put a price on the table, and they didn’t want to negotiate,” Mr. Yang said. “From my perspective, we were open all along to selling to Microsoft. We just feel Yahoo, either stand-alone or with Microsoft, is worth more than what they put on the table.”