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Yahoo’s chief and co-founder Jerry Yang has thrown another bone to employees, telling them in an email that their “hard work and strong commitment are more important now than ever before.”
The email also touted recent activities by the company that have been overshadowed by Microsoft’s $44.6 billion buyout bid, according to a CNet News blog.
Yang pointed out yesterday’s announcement about a digital music partnership with Rhapsody, as well as the acquisition of FoxyTunes, maker of the popular music toolbar plugin. He added, “today we launched zimbra 5.0, a next generation e-mail and collaboration suite that’s a great milestone in our open platform and starting point strategies.” More exciting announcements are to come next week at the Mobile World Congress, he wrote.
He reiterated that no decisions have been made about Microsoft’s proposal and said that the board is “thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape.” Top advisors have been hired to assist through the process.
The blog post includes the entire text of Yang’s email.
Meanwhile, Yahoo’s share price has increased by more than 50 percent since the offer was made, according to The Guardian. Google’s chief executive, Eric Schmidt, confirmed that he had spoken informally with Yang over a possible partnership. The two companies have also revisited a 2007 proposal for Yahoo to outsource its search advertising to Google. Such a move would increase Yahoo’s cash flow by about 25 percent.
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