Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 10:33:45 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Microsoft's Price Wasn't Right: Yahoo Offer Expires

Posted Apr 27, 08 4:05 PM CDT in Business,  Technology 

(Newser) – Microsoft may get nasty now that its deadline for a friendly Yahoo purchase expired yesterday. Talks died quietly after Microsoft refused to up its offer from $29.68 a share on Friday; Yahoo execs wanted $35. Microsoft could now press Yahoo, tack back the offer, or deal directly with Yahoo shareholders, the Wall Street Journal reports.

But some shareholders oppose a takeover unless Microsoft raises its January offer of $31 a share. If Microsoft backs off, Yahoo's shares will likely fall 50 cents from their current $26.80 price; they traded at $19.18 before the Microsoft offer. Meanwhile, Yahoo may continue its search advertising venture with Google—which has already seen success and encouraged some at Yahoo to refuse Microsoft's offer.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • After Yahoo, Microsoft Amps Up Search Effort

    Jul 24, 08 4:21 PM CDT
    After Yahoo, Microsoft Amps Up Search Effort CEO Steve Ballmer is spinning Microsoft’s failure to acquire Yahoo expertly, telling analysts today that, unburdened by the search giant, the company can be more frisky and adaptable in its fight with nemesis Google, the Wall Street Journal reports. Actions might speak louder than words, though: Microsoft announced yesterday it would give the leader of its online efforts the boot, and restructure. More »

  • An Independent Yahoo Is Hard to Imagine

    Jul 23, 08 12:09 PM CDT
    An Independent Yahoo Is Hard to Imagine Yahoo’s earnings report yesterday didn’t portend an immediate turnaround, Catherine Holahan writes in BusinessWeek, meaning the company must do something to meet the “grandiose claims” it made in rejecting Microsoft’s bid. Some still see Yahoo ultimately taking that path, and expanding its deal with Google is another option that might justify Yahoo standing firm on its third-quarter and yearly forecasts. More »

  • Mixed Note Caps Big Week

    Jul 18, 08 3:23 PM CDT
    Mixed Note Caps Big Week The markets were mixed today as poor results across the tech sector and from Merrill Lynch put the brakes on a two-day rally, MarketWatch reports. Good news from Citigroup kept the Dow buoyant, and it closed up 49.91, at 11,496.57. The tech-heavy Nasdaq took a 29.52-point dive, settling at 2,282.78, while the S&P 500 gained 0.36 to1,260.68. More »

  • Tech Firms Buoyed by Demand Abroad

    Jul 18, 08 8:53 AM CDT
    Tech Firms Buoyed by Demand Abroad The tech sector keeps rolling even as the overall economy continues to flail, the Wall Street Journal reports. Four of tech’s giants, Microsoft, Google, IBM and Nokia, posted quarterly results yesterday, riding high on developed nations’ need for cost-saving technologies and emerging economies’ demand for infrastructure upgrades as the Internet and cell phones enjoy wider use in the developing world. More »

  • Microsoft Meets With AOL to Explore Possible Deal

    Jul 16, 08 3:11 PM CDT
    Microsoft Meets With AOL to Explore Possible Deal Microsoft will sit down today with executives from Time Warner's AOL to explore a joint venture between the two companies, reports the Wall Street Journal. The software giant is looking for alternatives to its failed Yahoo buyout. Microsoft and Time Warner have been considering a deal for months, though no specifics have been ironed out. Yahoo, meanwhile, is pursuing its own talks with AOL as it fights off a hostile takeover attempt led by Carl Icahn. More »

Yahoo CEO Jerry Yang poses for a photo in front of the Yahoo booth at the Consumer Electronics Show in Las Vegas in this Jan. 7, 2008 file photo.   (Associated Press)
Microsoft's CEO Steve Ballmer answers a question at the Microsoft 2008 MVP Global Summit MVP event from Canada in Seattle on Thursday April 17, 2008.   (Associated Press)
Microsoft Chairman Bill Gates waves to reporters as he leaves the Elysee Palace in Paris in this Jan. 29, 2008 file photo.   (Associated Press)
The Yahoo tent at the Consumer Electronics Show (CES) is seen in Las Vegas in this Jan. 7, 2008 file photo.   (Associated Press)
A Yahoo worker walks into Yahoo headquarters in Sunnyvale, Calif., Tuesday, Jan. 29, 2008.   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 4)

Tags

Google  • Microsoft  • Yahoo  • hostile takeover  • takeover


Loading...

Loading...

Today's Most Popular


Other Technology Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »