MS CFO Eyes Hostile Yahoo Takeover

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.

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14 Comments

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Surely not - Microsoft using "strong arm tactics" ? :sleeping:

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.

If Windows Live integration in Windows 7 (which is innovation) is to work, they need to acquire Yahoo! and perhaps additional e-communication properties.

New slogan - "Microsoft: Innovation Through Intimidation." Seriously though, I really wish the kids in Redmond would focus on a home grown solution that can compete with Google and Yahoo rather than just buying someone else's. That kind of competition would be good for the consumers and the industry.

Microsoft should give up already and let Yahoo do it's thing and if they rot well ha ha. Nothing good is going to come out this deal. From a personal standpoint, I wouldn't mind being allowed to use Windows Live I.D to access Flickr instead of having another email account from Yahoo which I do right now. It's all up users and net traffic to Microsoft. They want advertising money. How that is worth 40 billion I don't know but buying Yahoo could make it fall apart and users might just go to Google then your back to square one.

(WhoTheF said @ #4)
I guess MS should have been hinted by now - Yahoo doesn't really care.

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.

(_dandy_ said @ #4.1)
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.

(WhoTheF said @ #4.2)

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.

I guess Microsoft sense some urgency in all this.

http://www.nytimes.com/2008/02/04/technolo...ahoo.html?fta=y

In the meantime, people close to Yahoo said that the company received a flurry of inquires over the weekend from potential suitors. Some people inside Yahoo have even speculated about the prospect of breaking up the company. That could mean selling or outsourcing its search-related business to Google and spinning off or selling its operations that produce original content, these people said.

*brings out the popcorn*

Edit: Included a quote since that link was registration-only.