(Agencies)
Updated: 2008-05-06 14:44

Bill Miller, a portfolio manager for Legg Mason, Yahoo's second-largest shareholder, told the New York Times in a Sunday interview that he would have considered selling to Microsoft for $34 or $35 a share.

While that was more than Microsoft's offer, it was less than the $37 per share Yahoo's board had insisted on.

Capital Research's Crawford also said investors generally were looking for Yahoo to sell at $34. He hoped shareholders pushed Yahoo to revisit the issue but was not optimistic, he told the newspaper. The company owns about 16 percent of Yahoo.

Yang, who owns about 4 percent of the company, was expected to hold a meeting with employees on Tuesday in an effort to reassure staff in the wake of the Microsoft talks ending.

Yang said in a post on the company's blog on Sunday night: "No one is celebrating about the outcome of these past three months ... and no one should. We live and work in a competitive world and the Web is only going to get more competitive. Executing on our strategic plan is what matters most."

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