In a statement Monday, Microsoft confirmed that it would be interested in resuming talks with Yahoo with a new board of directors, both to buy the search business or the entire company.Billionaire investor Carl Icahn, who has been pushing for a deal with Microsoft and has proposed a new slate of Yahoo directors, also issued a letter Monday, confirming that he has discussed the scenario "frequently" during the past week with Microsoft CEO Steve Ballmer and other executives.Yahoo officials were not immediately available for comment. In its statement, Microsoft said that, after Yahoo's shareholder meeting this quarter, it would be "interested in discussing with a new board a major transaction with Yahoo!, such as either a transaction to purchase the "Search" function with large financial guarantees or, in the alternative, purchasing the whole company."
View: The full story @ PCWorld
it always beats the hostile takeovers there so very used to
It must be good to be the 500 pound gorilla.
The end of MS Live is in sight.
Last edited by ricknl on 07 Jul 2008 - 19:53
Yahoo doesn't know a good deal when they have one.
Look at poor Yahoo right now, whose value per share has dropped
from $34 downto a meager $23.91 (as of this writing).
Yahoo decided to reorganize itself after rejecting the MS deal,
but it was too late. Many key people in Yahoo left for other companies.
Some even started their own companies.
And so here is Yahoo in peril.
Their days are numbered.
Their chances of success are getting lower each day.
So now the question is:
Should Yahoo just give up and get bankcrupt?
Or do what any smart businessman would do,
which is to sell the company before it's too late?
Regards,
thenonhacker
You're right there. Yahoo were going downhill and didn't look like they were coming back up, and then Microsoft tried to buy them, and then their stocks rose. They turned it down, and then the stocks plummeted.
They've got two choices: either let Microsoft buy them, or dig their own grave.
But MS really isn't that hard to spell to begin with.
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