Microsoft is considering launching a hostile bid for search provider Yahoo as early next week if Yahoo does not begin talks soon, Chief Financial Officer Chris Liddell said today. Liddell repeated a threat by Chief Executive Steve Ballmer on Wednesday to withdraw Microsoft's $31 a share cash and stock offer if Yahoo does not start negotiating. According to the CFO, Yahoo management has "unrealistic expectations" of its value. "We have been clear that speed is of the essence to make sense," he told investors on a conference call to discuss quarterly results.
View: Full Story at Reuters
View: Full Story at Reuters
http://www.nytimes.com/2008/02/04/technolo...ahoo.html?fta=y
*brings out the popcorn*
Edit: Included a quote since that link was registration-only.
Last edited by Jugalator on 25 Apr 2008 - 00:04
Oh, they care alright, they care very, very much. All they're doing is holding out for more money. Their stockholders would have their heads if they truly didn't care.
Okay, but honestly I wouldn't my company to be taken over by bunch of people who want to criticize my company - period.
Okay, but honestly I wouldn't my company to be taken over by bunch of people who want to criticize my company - period.
You must've missed the part where the deal is worth billions of dollars. I don't think you'd mind all that much.
There will be plenty of shenanigans with this. Google have already started using tricks to scuttle Microsoft's love-in. I wonder how much blood the carpet can soak up ;-) This is likely to end in tears, whichever way it goes, my advice to people working at Redmond is, keep an eye out for flying chairs, and references to furry feline creatures.
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