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I understand that. The point I am making as that Yelp was obligated to consider the offer (even if it ultimately was doomed). In this case, that caused Google

I understand that. The point I am making as that Yelp was obligated to consider the offer (even if it ultimately was doomed). In this case, that caused Google to bail, and Yelp was screwed-- but not because their board screwed up. The board only did what they had to do.

bambax 16y ago
But as part of their diligence to consider the Yahoo offer, could they not have come to a conclusion such as this one: "given the fact that the management won't go, and that Yahoo won't buy Yelp without a management team, it follows that the Yahoo offer is void and nonexistent. So, let's pursue the Google offer"...? If for example I offered 3 trillion dollars for Yelp, would the board consider my offer (as opposed to laughing it off)? I guess my question is, What is the "reality threshold" of an offer?