Sources say Yang is desperate to find other buyers

Beijing Time February 22 news, according to foreign media reports, because Microsoft almost certainly will launch the proxy competition, Yahoo CEO Jerry Yang's situation will become more and more difficult.　　Jerry Yang is desperate to find other potential Yahoo acquirers to avoid becoming a vassal of Microsoft CEO Ballmer Steve Ballmer. The source said Jerry Yang is currently identifying details of a plan that will be submitted to investors in the future to fend off Microsoft's Yahoo shareholders. As early as three weeks ago, Microsoft demonstrated its opposition to the Yahoo board. This means that Microsoft may submit a takeover offer directly to Yahoo shareholders, or launch a proxy scramble to seek a shake-up of the Yahoo board.　　As Yahoo has already launched the poison pill program, Microsoft is the most likely to take the latter option. "To avoid Yahoo falling into Microsoft's hands, Jerry Yang will do his best," the source said. He has been desperate to take no account of economic interests. Money is not a problem as long as it can persuade Yahoo's shareholders to accept their plans. "Jerry Yang is a millionaire who gained money during the dotcom bubble and may not be too concerned about the volatility of Yahoo's share price, at least not those of funds and institutional investors."　　Now he may have to make some changes, but that is still not his priority. A former Yahoo employee familiar with Jerry Yang commented on him: "He would rather give up his left pinky than see his company acquired by Microsoft." "Perhaps it is Mr Yang's obsession that News Corp is interested in working with Yahoo. A team of News Corp has entered Yahoo's headquarters to work directly with Yahoo's business development unit to find a merger that both sides can accept as soon as possible, according to TechCrunch, a technology blog site.　　News Corp is intent on merging internet assets such as MySpace and Yahoo's business to repel Microsoft's attempts to buy Yahoo. Of all the recent rumours, the most probable possibility is a programme silicon Alley insider reported last week. Under this plan, Microsoft will merge with Yahoo's Internet team and assets, and set up an independent company called "Yahoo." Microsoft will get a 51% stake in the merged company by injecting its own Internet sector, as well as 10 billion to 15 billion dollars in cash.　　Under the plan, Yahoo's valuation was $45 billion trillion, equivalent to Microsoft's previous takeover offer. Microsoft is unlikely to accept a 50%-share plan because Ballmer is unwilling to lose control. Microsoft will also make up the majority of the new company's board of directors. The Board of Directors of the new company will immediately identify the management team, and the management team will take over the operation of the company, the work will probably be completed by early 2009. Ballmer will also serve as Chairman of the Board of Directors of Microsoft and Yahoo. Of course, if Jerry Yang does not give up his hostile attitude toward Microsoft, such a plan is only empty talk.