"Yahoo! was founded on the belief that access to information can enrich people's lives, and the principles we unveil today reflect our determination that our actions match our values around the world."
Besides, the Microsoft takeover fiasco, Yahoo's advertisement deal with search engine major Google also fell through, after the latter pulled out citing regulatory hurdles.
Yahoo's talks with Time Warner's AOL too did not materialise.
At the recent Web 2.0 Summit in San Francisco, Yang said Microsoft should still buy the company. "I don't think it's a bad idea at all, at the right price whatever that price is. We're willing to sell the company," he said, perhaps realizing the folly of rejecting the Microsoft bid.
Also read: The success story of Michael Dell
Image: Yahoo! Inc. co-founders Jerry Yang (L) and David Filo celebrate the launch of Yahoo! Mail in Sunnyvale, California. | Photograph: Court Mast/Yahoo via Getty Images
| Live updates on money.rediff.com |
|
Advertisement
