Yahoo’s Board of Directors Says No to Microsoft Deal

(NewsVisual, powered by IntellectSpace) -- In a tersely worded Monday morning press release, Yahoo! Inc (NASDAQ: YHOO) announced that it was turning down the Microsoft Corp’s (NASDAQ: MSFT) $44.6 billion buyout bid.

Yahoo’s rejection was issued by the company’s Board of Directors.

The bluntly worded press statement said:

“[The] Board of Directors has carefully reviewed Microsoft's unsolicited proposal with Yahoo!'s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and our stockholders.”

The market’s response to the Directors’ announcement appeared to be favorable, but it was also somewhat muted, sending its share price up slightly from the previous close of $29.20 to $29.47 in mid-morning trading on Monday (10:43am ET).

NewsVisual decided to create an IntellectSpace Knowledge Map in order to illustrate the business connections of Yahoo’s Board of Directors as a method for assessing their knowledge of business and for determining whether their rejection of Microsoft’s bid reflects the judgment of experienced people.

The Knowledge Map shows that Chairman Roy Bostock also serves on the board of Morgan Stanley and is also the Chairman of the Board of Directors of Northwest Airlines Corp.

The following Yahoo Directors also have strong board room experience:

Director Eric Hippeau is also a Director for Starwood Hotels and Resorts Inc; Director Robert Kotick is also the CEO/Chairman of Activision Inc; CEO/Co-Founder Jerry Yang also sits on the board of Cisco Systems Inc and Alibaba Inc; and Director Edward Kozel also serves on the board of Network Appliance Inc.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).

Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=8aeae279-29bd-4750-8641-4104575d1a79