10
Feb
2008
Posted by Bill as Miscellaneous
They must have sent out enough bad voodoo to get the deal nixed though as Yahoo insiders have announced that the company plans to reject the offer from Microsoft. This may be a ploy to get Microsoft to up their offer or more than likely they simply don’t want to end up being the latest acquisition.
This decision could lead to a showdown between two of the world’s most prominent technology companies. Google already has offered to help Yahoo avert a takeover and urged antitrust regulators to take a hard look at the proposed deal.
If Microsoft wants Yahoo badly enough, they could try to override Yahoo’s board by taking its offer — originally valued at $31 per share — directly to the shareholders. This is known as a hostile takeover and pursuing that route probably will require Microsoft to attempt to oust Yahoo’s current 10-member board.
Rather than playing Genghis Khan and taking them by force, many analysts believe Microsoft is prepared to offer as much as $35 per share for Yahoo, which still boasts one of the Internet’s largest audiences and most powerful advertising vehicles despite a prolonged slump that has hammered its stock.
Disclosure: I don’t own either Yahoo or Microsoft stock but I do have a position with Google.
You can read more about it here.
2 Responses
Tom Beaton
February 10th, 2008 at 7:00 am
1It is all pretty exciting stuff. I reckon it probably wont happen but there will be some shake ups this year as everyone knows google is just moving too far ahead of everyone else.
Tom Beaton’s last blog post..What is Technology?
TechWeb Media | Buzz around MSN-Yahoo deal.
February 10th, 2008 at 11:54 am
2[...] Yahoo To Reject Microsoft Offer - Blog Entrepreneur [...]
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