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November 07, 2008

Line up the Yahoo shareholder lawsuits

First, Google backed away from an ad-sharing deal due to regulatory fears. Now, even with Yahoo’s price in the tank compared to the time it was in talks, Microsoft (via Steve Ballmer) says it’s not interested, period.

After Yahoo CEO Jerry Yang walked away from a $33/share offer, his company is now at $12/share on this news. How can you NOT sue him, if you’re a major shareholder?

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