Yahoo Inc's first-quarter earnings report was released Thursday with its net profit increasing to 542 million US dollars.

by leotang on 2008-04-23 15:23:56

Finally, Yahoo's first quarter financial report was announced; net profit increased to 542 million US dollars. If this financial report had not been up to expectations, Yahoo would have been abandoned by shareholders and sold to Microsoft, and Microsoft would have used it as leverage to lower the acquisition price for Yahoo. Yahoo's management was under attack from both sides; therefore, this financial report could be considered the life-saving straw for Yahoo's management - the final bargaining chip with which to persuade shareholders to abandon selling Yahoo and counter Microsoft's hostile takeover. Judging from the first quarter financial report, although Yahoo exceeded analysts' forecasts and gained some leverage for its management team, the situation is still rather severe. Microsoft's desire to acquire Yahoo is difficult to extinguish.