Microsoft withdrew its offer for Yahoo Inc on Saturday as negotiations fell through on price, even after the software giant raised its bid by about $5 billion to $47.5 billion. Microsoft Chief Executive Steve Ballmer said his company increased its offer to $33 per share, from the $31 per share cash-and-stock bid that it initially made on January 31; however, Yahoo was looking for something more along the lines of $37 a share.
"Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal."
View: Full Story at Reuters
"Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal."
View: Full Story at Reuters
it's meant to be "$37 a share"...
anyway, at least MS knows their limit.
... uhhh, no. They wanted about $37 per share of stock.
ROFL. Let's see who lasts longer, Yahoo or MSN.
Oh and who will last longer? Easy, MSN/Live. MS has way more money. Hell now that the Entertainment and Devices (Xbox/Zune/Windows Mobile) Devision is making good profits, even that unti of MS will make more money than Yahoo does soon.
Maybe this is their new plan - Let the share price plummet, buy a large chunk and let the rest fall into place...
Smart Move Microsoft - however, do they really want a company that is resisting as much as this, this may ruin any synergies and integration may become a nightmare.
I think Ballmer already said that this wasn't in the interests of MS in their press release.
Yeah, right before he said: "If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo! board."
Your post is out of nothing and yes, you did touched one of my nerves.
Back on topic... It is the begining of a shareholders implosion.
EDIT: And yet, the USA have allready bought out a part o Mexico (Remember California, New Mexico, Etc...) ... Your comment really made me angry.
Last edited by Dogward on 04 May 2008 - 09:22
Especially the corrupt, greedy judges!!! (remember the Brenda Martin case??)
Only in Mexico City there are almost the same population that entire Canada.
Anyways, with the current trend, in a few decades the next United State president will be a "Pancho Villa". :-)
You're kidding me right?
The last pop census had Mexico city at under 20 mil, Canada currently has ~34 mil - that would not be an *almost* statement.
You're kidding me right?
The last pop census had Mexico city at under 20 mil, Canada currently has ~34 mil - that would not be an *almost* statement.
I guess he just meant that 20 mil for just a city compared to ~34mil for an entire country... it is an *almost* statement.
You're so 90s
You're so 90s
But I don't use their search engine. For that, I of course have AltaVista. :p
My primary email is still my @yahoo.com one that I've had since 2000 but I'm slowly starting to migrate my stuff over to my personal domain.
What is there on the yahoo homepages that you can't do on the google homepages? I can read the articles from the RSS feed from this website or even play Sudoku on my google homepage if I like.
^That is what I'm think kind of like he s saying hey you don't want the deal look a what your stock will do.
Getting Yahoo would be good for Microsoft those people who are trying to spin it stop trying to spin it. Microsoft not buying Yahoo is going to hurt Yahoo I have a feeling that their stock will plummet Monday. How stupid is Yahoo.
Getting Yahoo would be good for Microsoft those people who are trying to spin it stop trying to spin it. Microsoft not buying Yahoo is going to hurt Yahoo I have a feeling that their stock will plummet Monday.
..... and so Ballmer can buy Yahoo for half of the price suggested.
Suck to be a Yahoo's executive.
No, I mean as far as innovating goes. Microsoft constantly eats other companies to obtain whatever benefits they may offer. Instead of trying to nab Yahoo for their user base, why not put that money into something that could grab the attention of users? It's like they sit and wait until something hot comes out, and then try to either buy it or compete with it. Why not be the pioneer leading the way instead of just following everyone else? They certainly have the resources...
Don't get me wrong though, Microsoft does lead the way in several things already. I'm simply talking about their future plans though.
me too. then if MS make it,what to do with the brand Yahoo! MicroHoo??
just for fun.^_^
Very good points.
I would either have Windows Live or MSN, not both and stop researching and bringing out new 'search' technologies that are totally pointless whilst Google is still around.
I'm wondering if MSFT will buy them up for pennies on the dollar. I hope I'm wrong, I like Yahoo, but they are no longer the behemoth they once were. News Corp was in the same position with DirecTV. News Corp made an offer for DirecTV -- DirecTV chose Echostar. The merger fell through due to government intervention. News Corp made another offer for DirecTV (this one considerably lower than the first) and it went through. The only people who got hosed were the original shareholders (GM) since they could have accepted the original News Corp deal and made a fortune. Likewise, if Yahoo has a few more bad quarters, $33/share will have seemed like the Promised Land (not to mention their staff might not see the 1.5 billion that Microsoft had earmarked for retention bonuses).
Just think about that a minute... 1.5 billion for retention. Split 10,000 ways that works out to 150,000/ea. Mind you I'm sure some employees would see millions and others would see tens of thousands. I can't see how any Yahoo employees would be happy about this, especially considering they just had a round of 1500 layoffs.
Now is the chance for Google to make its move towards Yahoo!
I don't see that happening because Google is already in good position. Sometimes if a company gets too big it can turn against you.
Stupid Yahoo. "...the bid was highly undervalued" Now that bid is a $10/share or 43% premium.
I guess MS can buy all available shares and end up saving in the end. Although, I hear that they're not interested in persuing this anymore.
http://news.bbc.co.uk/1/hi/business/7383700.stm
The article sums it all up - Mr Yang, you have a lot of explaining to do!
Microsoft without Yahoo!
http://news.bbc.co.uk/1/hi/business/7382665.stm
Last edited by bbfc_uk on 05 May 2008 - 16:42
Oh dear, poor Yahoo.
If you are a Yahoo shareholder, then brace yourself to lose quite a hefty chunk of your investment when US stock markets open on Monday. If you work for Yahoo and have stock options, you will be smarting as well.
And if you work for Yahoo's legal team, you may want to get ready for a deluge of lawsuits from enraged shareholders, who have seen a 70% boost to their investment evaporate. There are not many companies in the world who can both afford to buy Yahoo and possibly get the approval of competition watchdogs to do so.
Yahoo's top managers, however, will try to fight back, striking a series of alliances - including with Google, especially on advertising - to find new revenue streams.
And what about Microsoft?
Microsoft dearly wants to catch up with Google, and fast.
Mr Ballmer has now told staff that this is still its ambition.
Together with Yahoo this could have been achieved faster, he says, but he also believes that the world's richest technology company can do it alone - albeit at a somewhat slower pace.
Some of Microsoft's shareholders, though, will breathe a sigh of relief. Not everybody believed that "Microhoo" would have been a success.
Without the albatross Yahoo around its neck, Microsoft's share price should soar.
Source: http://news.bbc.co.uk/1/hi/business/7382630.stm
http://finance.yahoo.com/q/bc?s=YHOO&t=5d
watgch the stock fall like $5... started to recover abit but its back to bumpy roads for yahoo...
Woldn't be better insted of buying Yahoo, to use let's say 10-20 billions in Live? Or to make a hole new serch engine, with a new name.. just like zune or xbox?
I believe even if you were an executive, asking a "stupid question" would be nothing out of the ordinary.
Woldn't be better insted of buying Yahoo, to use let's say 10-20 billions in Live? Or to make a hole new serch engine, with a new name.. just like zune or xbox?
They could do that, but that will take time. Buying Yahoo! was mostly about the market share gain and the combined technologies, allowing them to better compete with Google. Microsoft will now have to catch-up on their own, although they will probably buy a few start-ups that develop new technologies and integrate them into Live Search. Though i'm sure I read somewhere, maybe liveside.net that they are working on a new search engine and it may not be released inder the 'Live' brand!
Throwing money down a rat hole doesn't make the rat hole any nicer. There is no guarantee that if MS spends more money on Live that it would make a difference. Look at the Vista debacle. Throwing more money at it isn't fixing anything. MS needs to find a way to get back to where it was in the early to mid 90's. They used to innovate rather than imitate and they were actually consumer friendly.
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