I’ll use this column as a jumping-off point, but here is a mini-rant I’ve been meaning to get off my chest about some of the anti-deal arguments being trotted out during the Microsoft/Yahoo takeover tussle.
Some of the more popular arguments — mismatching corporate cultures, Yahoo’s second chance, and fondness for founders — being trotted about the Microsoft/Yahoo deal piss me off. They are, in short, hopelessly wishy-washy and soft-headed. They want us to give CEO Jerry Yang more time at Yahoo because they think he has "passion", because the two companies don’t like each other, and because a turnaround would be a great yarn.
C’mon. The writers’ strike is over, so save the amateur feel-good scripts and false drama. This is now about Wall Street and investors. Yang isn’t making shareholders money, plain and simple, and his company hasn’t made them money for four years. There seems little prospect that will change in the near term, with his company mostly going through a messy mid-life crisis trying to figure out whether it’s in search, content, ad serving, kite-surf sites, or something else.
While a Microsoft/Yahoo combination isn’t going to transform online markets, it is also obvious that without radical change a standalone Yahoo isn’t going to either. So let’s just get on with giving investors an exit and call it a day.