American computer scientist and one of the principal editors of the RFC (Request for Comment) document series. Regarded as the "god of the Internet" during his lifetime, Postel also administered the IANA (Internet Assigned Numbers Authority) until his death.
In 2008, Microsoft made a move to buy Yahoo! for more than $40 billion. Jerry Yang, the co-founder, quickly rejected the offer stating that it "substantially undervalues" Yahoo! and is not in the interest of its shareholders. As of 2014, the company's revenue was down to $5 billion. [more...]