Another Yahoo shareholder begs Microsoft to come back to the table

Now yet another Yahoo shareholder, this time Mithras Capital, is involved in Microsoft/Yahoo deal making. Capital is asking for an offer by Microsoft to buy Yahoo's search business to go straight to shareholders, according to dozens of news reports. Capital sent a letter to Steve Ballmer, that stated if Ballmer brings his deal to the Yahoo shareholders, shows the shareholders how a deal with Microsoft is better than one with Google, the shareholders will line up with Carl Icahn to oust the current board. Mithras Capital owns 1.7 million share of Yahoo.

In June Yahoo said Microsoft had definitively abandoned its five-month pursuit of company. Ballmer would be right to leave it lie. Let Yahoo work out its own management problems. If shareholders oust the old board and the new Yahoo board is willing to take an attractive price from Microsoft, maybe something will happen then. In the meantime, Bill Gates is retiring and Steve Ballmer has a company to run.

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