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Live: Microsoft Wants Yahoo

Live coverage of Microsoft Press Conference

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These are live notes from the Microsoft press conference announcing their offer to purchase Yahoo.

Microsoft CEO Steve Ballmer:

>> We see this announcement as significant. This is a milestone for Microsoft’s Online ventures.

>> Last night I called Jerry Yang to discuss the proposal. I think Yahoo should be excited about this offer.

>> There are now several steps we will both need to take to move this proposal forward.

>> We believe in the benefits of combining these two companies… now more than ever.

Chris Liddell:

>> The offer is a mix of 50% cash and 50% equity.

>> Looking to close the transaction in second quarter of 2008

>> We see the opportunity to drive 100% synergies.

>> The real opportunity is to drive increased long term shareholder value.

Q & A (Microsoft Answers only)

>> It’s about scale economics.

>> Scale matters. Some things are short term and others will be longer term.

>> This business will have different economics than Windows. You can’t relate this to that economic model.

>> Clearly, we believe the offer is a very attractive one from the Yahoo shareholder perspective.

>> Any number of companies might have an interest. We have been getting unsolicited feedback from publishers that this will create a more competitive number two in the marketplace.

>> Google is clearly prevented from attempting to buy Yahoo do to antitrust laws.

>> This will drive more investment in social media elements for search.

>> There is nothing quite like putting together two great R&D organizations. This should be quite an accelerate to growth.

>> We have clear line of sight to the synergies.

>> The Windows experience needs to increasingly embrace the Internet. Office will be transformed by the Internet.

>> A team from both companies will look into the synergies.

More to come … READ LIVE COVERAGE AT WEBPRONEWS.COM

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Live: Microsoft Wants Yahoo
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  • tuNc

     Am I the only one that is unable to see any synergy in this deal, except the scale?

    Yahoo guys should simply cash out and live happily forever, imho. There is no bright future that I can see here.

    My $0.02,

    tuNc

  • http://www.jasontchandler.com/ Jason Chandler

    Since the integration of Live Chat and Yahoo Chat. You have to get the feeling that the systems that start working together grow together merging the best of the best for mutual advancements.

    Jase

     

  • http://www.prodatabases.com vasilis pasparas

    Like we all see micosoft is trying to get its share on the PPC market a market that GOOGLE holds till now and also idela for Microsoft to expand the reach of their products

    It will really be interesting to see what Yahoo will say, cause thinking of it on the investors side it will be a very profitable for them.

    WATCH OUT GUYS AND GALS PPC pricing will be rising sortly with this merging!!

    My 2cent!

     

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