Over the last few months, Microsoft has tried to purchase ownership of Yahoo. Microsoft has wanted to acquire Yahoo to better compete with Google in the search engine industry. However, over the weekend, Yahoo turned down Microsoft’s final offer and Microsoft responded by removing their all their offers from the table.

Reportedly, Microsoft was offering $33 per share. Yahoo was holding out for $37 per share. $33 per share would have totaled approximately $50 billion. On Monday, after news that Microsoft pulled their offer, Yahoo’s stock began to dip severely. Yahoo’s stock was on the rise due to the expectation that Yahoo was going to bought by Microsoft.

The problem for Yahoo now will be employee morale. Many Yahoo employees have stock options that have become a lot less valuable in the last week. With the value dropping almost in half, there are reports of many frustrated Yahoo employees.

If you’ve ever wanted to work for Yahoo, now would be a good time to apply. Yahoo will likely be losing employees over this fiasco. And while Yahoo may have made a mistake in their dealings with Microsoft, they are still a very powerful company that has a good reputation of taking care of their employees.

Yahoo has offices around the world – from Atlanta to Bangalore to San Jose to Taipei. You can find more information about Yahoo jobs at Careers.Yahoo.com.

Photo credit Christian Lang - Flickr

Tags: careers, employees, jobs, microsoft, yahoo, yahoo sale, yahoo stock

This entry was posted on Monday, May 5th, 2008
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