This was made known by the company’s CFO Chris Liddell in a briefing to Wall Street analysts.
All Posts Tagged Tag: ‘Deals’
Jupitermedia said today that it has purchased eStockMusic.com, a library of royalty free stock music, samples and sound effects. Terms of the deal were not released.
The purchase adds a micropayment music business to Jupiterimage’s micropayment offerings of royalty free digital images and footage on Stockexpert.com.
eStockMusic’s library is searchable and allows customers to listen to tracks before they make a purchase. Tracks sell for $1.00 for a minute and are available for direct download.
In the olden days, armies often didn’t attack castles so much as sit around them; weeks or months later, the defenders would run out of food and their leaders would have few options other than to surrender. Yahoo may be placing itself in a similar situation in its fight against Microsoft.
CBS Radio has partnered with AOL to share streams from all of its 140 stations with AOL’s online radio service.
CBS Radio will power AOL’s online radio stations and will also run advertising sales for the Time Warner properties 200 plus stations.
The two companies plan to create a number of product improvements including a new player along with full support for the Mac.
The UK based global market research firm Taylor Nelson Sofres (TNS) is purchasing online measurement firm Compete.
TNS will initially pay $75 million in cash for Compete and depending on revenue performance over the next two years it could pay an additional $75 million.
Compete launched in 2000 and gets its data from its own panel and Internet service providers. The company will continue to operate as a stand-alone company but will merge its clickstream data with TNS.
Taking a break from fining Microsoft, the European Union approved today Acer of Taiwan’s purchase Dutch computer maker Packard Bell.
If you think back to 1995 or so, Packard Bell was the affordable computer that was always breaking and your uber-geek friends were always laughing about. That might be why Acer was able to pick up an entire computer company for less than $46 million.
A small price to pay to get a foothold in Europe while fending off Lenovo.
Just a couple of weeks after Getty Images, the world’s largest stock images company, appeared to have failed to find a buyer for itself, the company announced an agreement to be sold to private equity firm Hellman & Friedman LLC for $2.4 billion. That’s 55% more than the stock was valued on Wall Street.
What Apple needs is to branch out beyond its cultish following. The company’s done pretty well at that lately with the iPod and iPhone and all the hysterical ecstasy that followed. They’ve got something cool with this Apple TV idea, but the computer-to-TV market has been a more difficult one to break.
This deal doesn’t involve Google, Yahoo, Microsoft, or any of the other companies we usually cover. But it does involve a heck of a lot of money – about $4 billion – and so the acquisition of ChoicePoint by Reed Elsevier seems worth a mention.
Guinness World Records has documented some straightforward stuff, but certain things can be pretty strange, too. In what seems like a logical enough deal, then, the owner of Ripley’s Believe It or Not has acquired the Guinness World Records brand for $118 million.
Look for Jack Ma’s Alibaba to become part of the Microsoft-Yahoo discussions due to Yahoo’s sizable stake in the company.
Cultural dissimilarities will remain; Google isn’t likely to move its headquarters to China and replace thousands of American employees. The company may overcome one other obstacle in that market, however, as it prepares to enter a partnership with Top100.cn and make music available for free.
A little less than two weeks ago, we ran a pretty inexact headline: "Yahoo Eyes Maven Networks For $160 (Or So) Million." But today, an official press release came out, and in our eyes, validated everything by stating, "Yahoo! acquired Maven Networks for approximately $160 million."
Whether it’s a matter of strange planetary alignments, something in the air, or our wobbly economy, it’s hard to say, but in any event, these past few days haven’t been great for acquisitions. The latest one to look ill is the proposed takeover of WebMD by HLTH Corporation.
The term "minority interest" is pretty weak; it implies that something received just the tiniest bit of one’s attention or bank account balance. So, although we’re in no way involved in the deal, it’s kind of reassuring to see that Comcast Spotlight has concluded an all-out acquisition of Vehix.
In a superficial sense, there are a couple of similarities between Yahoo and Getty Images: the first word of both companies’ names contains five letters, and both companies’ stocks are worth between $24 and $30 per share. Here’s one more parallel: like Yahoo, Getty Images can’t seem to get as much money as it wants from would-be acquirers.
Breaking … According to reports Yahoo has rejected Microsoft’s $44.6 billion offer and plans to write a letter to Microsoft on Monday outlining its objections.
The Wall Street Journal reports that a Yahoo source says that the Board felt that Microsoft was trying to "steal" the company. The same source stated that Yahoo wouldn’t consider an offer below $40 per share which would cost Microsoft another $12 billion.
Still jonesin’ from last Friday’s Microsoft/Yahoo buzz hysteria, there are reports that Yahoo could end this Friday with a major announcement, giving us all something to talk about over the weekend. Whether that happens or not, it’s clear that Yahoo doesn’t have much more time to make a decision.
Hitwise has a look at the visitor statistics for Yahoo and Microsoft’s websites, showing just how much market share in the United States the combined company would have.
Total market share for all Yahoo is 13.2% of all of U.S. internet traffic, with MSN having just 2.4% and Google 7.7% Combined, they would have 15.6%, over twice as much as Google.
Do you really have any idea how big Yahoo is, or hell, how big MSN is?
There’s a lot of overlap between the two, and Long Zheng & Josh Philips have been kind enough to generate a nice chart to show the two. The chart is reproduced below, with some notes added by me regarding what I think about which service will be rolled into the other.
Over the weekend Google tried to thwart the attempt by Microsoft to takeover Yahoo!, by being quite vocal about the concerns, see Official Google Response: Microsoft’s Bid On Yahoo! "Hostile".
You have to feel a bit bad for AOL and Goowy – here they are with a solid arrangement in place, and Microsoft’s mammoth offer to Yahoo is all anyone can talk about. Ah, well. We’ll try to toss a few paragraphs their way, and begin by pointing out that AOL acquired Goowy.
I’m surprised that even Kara Swisher has missed this. The bloggers are going nuts, once again, over the email that a Google lawyer sent to Microsoft regarding Microsoft’s proposed purchase of Yahoo.
Here’s what’s really going on:
Given the hue and cry about Yahoo!’s expected layoffs and its less than perfect market performance in Q4, the word about the possible bid by Microsoft had already been in the air, which has now been translated in to a reality. Would the deal eventually materialize or not?
Yahoo hasn’t said much regarding Microsoft’s purchase offer but here are a few of the official statements that are public so far…
From Yahoo Press Release:
Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said that it has received an unsolicited proposal from Microsoft to acquire the Company. The Company said that its Board of Directors will evaluate this proposal carefully and promptly in the context of Yahoo!’s strategic plans and pursue the best course of action to maximize long-term value for shareholders.
Well two days ago, in light of the woes coming from Yahoo’s earnings conference call, I suggested that maybe now was just the time to pack it up and sell the ship to Microsoft, and it seems like somebody decided to take my advice. Only joking of course.
But what I find interesting is that Bill Gates is out and now Ray Ozzie is roaring. Microsoft has been so damn boring since I left in June of 2006. This shoots the boring in the head.
Why is “Microhoo” not boring?
The acquisition of Yahoo (Nasdaq: YHOO) by Microsoft (Nasdaq: MSFT) has been something that’s frankly made sense for years. Microsoft has a lot of strengths, but it just hasn’t been able to crack the nut of content creation (does it even own a property that has any meaningful content prior to this acquisition?), particularly the semi-mythic user-generated content, and its attempts at competing with Google (Nasdaq: GOOG) in the advertising space have also proven disappointing.
We know, we know: the big news today is Microsoft’s bid to take over Yahoo. But believe it or not, there are other things going on in the world, and one of them is Yahoo’s acquisition of Maven Networks.
Microsoft is making a bid to acquire Yahoo for a record setting $44.6 billion. At $31 per share, Microsoft’s bid represents a 62 percent premium over Yahoo’s current stock value. There is speculation that Yahoo could try to get Microsoft to pay as much as $35 per share.
There have been rumors about such a deal since late 2006. One obstacle in Microsoft’s acquisition of Yahoo could have been former Yahoo CEO Terry Semel who was rumored to be strongly opposed to being purchased by Microsoft.
Last Autumn it was obvious that Yahoo stock was seriously undervalued by comparison to Google, Amazon, and other major internet companies.
However, not only did I not have an investment portfolio, but the promise of the stock markets tanking made it a bad time to set up a portfolio in the first place.
Once the storm was over, I planned to then start some form of investment portfolio, probably tied to a SIPP for retirement within my business, and focus about 50% in YHOO stock.
The tricky thing about describing stock prices is that they change as you write. They’ll likely have changed even more by the time you come across this article. Still, for owners of Yahoo’s stock, that’s a good thing, because it’s absolutely skyrocketing right now.
Generally speaking, stories about Yahoo don’t have many exclamation marks – we’ve learned to drop ’em from the company’s name. Exclamation marks are appearing all over the place, however, following the exciting news of Microsoft’s acquisition offer.
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.
Ballmer said the offer is a great opportunity for Yahoo employees.
Making it public today allows everyone to consider the merits of the offer.
Kevin Johnson speaking now: discussing MS gains in online advertising and other products, touting necessary investment and other dynamics.
He cited one company as the dominant player. Doesn’t name names. I think I can guess this one.
KJ discussing synergies in various areas like mobile. Elimination of duplicate services, especially by combining ad products, key to making big bucks.
Some acquisitions are real headscratchers, leaving onlookers wondering why one company bought the other or how so much money became involved. It seems pretty reasonable, though, that Amazon has put around $300 million towards the purchase of Audible.
Microsoft will be providing the contextual and search advertising to the Wall Street Journal Digital Network, which includes The Wall Street Journal Online, Barrons.com, MarketWatch, and AllThingsD.com.
For Microsoft, that means the Beast of Redmond can add 20 million visitors per month to its advertising network.