I just got back from my day in the Swiss Alps hanging out with Laurent Haug and friends and Maryam just asked me if I had heard that Yahoo rejected Microsoft’s offer. I answered that I did and then she asked me:
“Are they crazy?”
I said “probably, and arrogant too.” Then she wondered why they would do such a thing. I told her that I agreed with Philip Greenspun, who says that to reject this deal is lunacy. Since I know Yahoo’s board members aren’t lunatics, I figure there must be some other answer. I told Maryam “they are probably trying to see if the offer will go up.”
This is the first time since Pointcast rejected a buyout deal (that turned out would have been the right thing to do) that I don’t see a good outcome for Yahoo if they really do end up rejecting this offer.
I see lots of bloggers over on Techmeme are disagreeing with me, though. Hmmm, maybe I’m the lunatic!