iEntry 10th Anniversary RSS Newsletter Advertising
Visit Twellow.com
Text: Decrease Font Size Increase Font Size | Print Print Article | Share: Delicious Digg StumbleUpon Post to Twitter Post to Facebook
4 commentsMonday, February 11, 2008

Microsoft Replies To Yahoo Rejection

Takeover effort continuing
The response to Yahoo's "no thanks" to a $44.6 billion acquisition held the not-so-subtle threat of a more aggressive takeover action by Microsoft.

Microsoft won't take the brushoff from Yahoo, making the next move an interesting one to contemplate. As expected, Microsoft responded to Yahoo's rejection by suggesting they will keep moving forward with the takeover.

"The Yahoo response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!’s shareholders are provided with the opportunity to realize the value inherent in our proposal," Microsoft said in their statement.

Microsoft called Yahoo's answer "unfortunate" and said moving forward would be in the best interests of all parties. This includes the various shareholders for Yahoo as well as Microsoft, the company suggested.

Yahoo faces a cold economic reality. Institutional investors hold roughly 75 percent of the company, and Yahoo's share price dropped by over half, from $43.21 on January 6, 2006, to $19.05 on January 30, 2008.

Despite a revamped paid search service, weakness in the automotive and financial display advertising business has plagued Yahoo for several months. We find it hard to believe Yahoo's shareholders will agree with Jerry Yang and not back Microsoft's offer.

David, your last line may be

David, your last line may be the correct version of reality.

Great!

I expected Microsoft to do nothing less.  Don't want to play nice Yang?  Well, let's play it rough!!!  Go get them Bill!  Google, start buying diapers because you'll need them!

Publish A Comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
1 + 17 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
SEARCH
Popular WPN Business Resources












Subscribe to WebProNews


Send me relevant info