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MarketWatch
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Feb 27, 08 9:24 PM CST
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A new Microsoft bid to take over Yahoo will do little to quash Yahoo holders' worries— primarily because many of them have greater holdings in Microsoft itself, reports MarketWatch. Eighteen of Yahoo's top shareholders—comprising 42% of its shares—have greater investments in the software Goliath "and could likely be hurt by a higher offer," says analyst David Hilal.
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Wall Street Journal
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Feb 27, 08 8:37 AM CST
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A revised Microsoft bid for Yahoo may be heavily influenced by Yahoo’s Asian interests, reports the Wall Street Journal. Microsoft execs toured Asia in December and concluded that they needed a local partner there. Yahoo holds large stakes in a Korean auction site, a major Chinese search engine, and Yahoo Japan. These footholds, while passive investments now, may be the key to success in Asia, which an analyst calls "an underdeveloped but massive market."
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CNET
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Feb 25, 08 3:15 PM CST
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Yahoo’s top execs were tight-lipped on the Microsoft buyout bid in addresses to an online ad conference today, but hinted at a new service set to debut this week which may be Yahoo Buzz, the company’s reported social news aggregator, writes cNet. Jerry Yang said he had been talking the proposal over with company board in order to ensure that Yahoo makes the right decision.
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Wall Street Journal
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Feb 20, 08 9:53 AM CST
(Newser) -
Microsoft, at loggerheads with Yahoo over its $41.6-billion offer for the popular web portal, is talking tough, threatening a proxy battle to unseat Yahoo’s reticent board of directors, reports the Wall Street Journal . But even a win, which experts say would be relatively cheap to achieve, could cost Microsoft in the form of Yahoo employee animosity and attrition.
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New York Times
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Feb 19, 08 12:49 PM CST
(Newser) -
Rather than raise its $44.6 billion hostile takeover bid, Microsoft will start a proxy fight at Yahoo, with an eye to nominating a slate of directors for the board by mid-March. The hardball tactic will cost less than upping the bid—$20 million or $30 million will pay a proxy solicitor and buy shareholder mailers—but it comes with real downsides, the New York Times reports.
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Reuters
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Feb 18, 08 2:40 PM CST
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Investment manager Joe Rosenberg takes a swipe at Microsoft's bid for Yahoo in this week's Barron's , disparaging both the deal and CEO Steve Ballmer's financial acumen, Reuters reports. "It's a bad reflection on Ballmer that he's willing to pay a ridiculous price for Yahoo,” says Rosenberg. “Microsoft is not going to earn anything like a reasonable rate of return in Yahoo." An increased bid, which Yahoo is seeking, would be even worse, he says.
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New York Times
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Feb 14, 08 2:07 PM CST
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Jerry Yang believes Microsoft’s $44.6 billion bid for Yahoo was too low because it does not take into account the company's “unique position” in the growing online advertising market, the New York Times reports. In a letter sent to shareholders today, Yang inventoried Yahoo’s advantages: its widely-known name, its monthly traffic of 500 million visitors, and its dominance of the display ad market.
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Wall Street Journal
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Feb 13, 08 2:36 PM CST
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News Corp. and Yahoo are in talks over combining MySpace and other News Corp. entities with Yahoo, the Wall Street Journal reports today. The deal, which could fend off Microsoft's $44.6 billion hostile takeover bid, would allow Yahoo to remain independent while giving the Murdoch-run company a stake of roughly 20%. An acquisition by Microsoft still seems the most likely outcome, but Yahoo is scrambling for other options.
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Wall Street Journal
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Feb 13, 08 7:13 AM CST
(Newser) -
A potential advertising deal linking Google and Yahoo is losing steam because of Google's concerns over regulatory scrutiny, reports the Wall Street Journal, and that in turn removes one lever Yahoo hoped to use to boost Microsoft's buyout bid . Yahoo’s second largest shareholder, meanwhile, said yesterday that Microsoft’s takeover likely will succeed, but at a higher price than the $41.7 billion, or $31 per share, offered.
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Valleywag
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Feb 12, 08 6:46 AM CST
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Yahoo chief exec Jerry Yang has secret plans that he hopes will dramatically boost the internet giant's share price, insiders tell Valleywag. Yahoo has turned down Microsoft's $31 per share offer, and while rumor has it that the company's board is holding out for $36, Yang is said to be against selling at any price until his plans to make Yahoo more "relevant" bear fruit.
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CNET
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Feb 11, 08 7:56 PM CST
(Newser) -
Microsoft is poised to buy Danger, the maker of the T-Mobile Sidekick, in a move that follows on the heels of Yahoo's rebuff of the software behemoth's $44 billion buyout offer. Microsoft hasn't said how much it's forking over, but called Danger the "perfect complement to our existing software and services," CNET reports. Danger's founder now runs the Android mobile project for Microsoft competitor Google.
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Bloomberg
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Feb 11, 08 9:53 AM CST
(Newser) -
Yahoo officially rejected Microsoft’s $31-per-share takeover offer today, saying the bid, which represents a 62% premium, “substantially undervalues” the company, Bloomberg reports. The statement didn’t specify a counteroffer, but Yahoo is seeking $40 a share, the Wall Street Journal reports. “Yahoo thinks they’re worth more because of the plans they’ve implemented that have yet to come to fruition,” explained one analyst.
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New York Times
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Feb 11, 08 8:37 AM CST
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Just how hostile Microsoft’s takeover bid for Yahoo becomes is up to one man: Christopher Liddell, the mostly anonymous former banker masterminding the deal, the New York Times reports. Microsoft could simply raise its offer, or it could try some old-fashioned Wall Street strong-arming. “You have to be disciplined and ruthless,” Liddell says. “You have to be willing to walk away.”
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Wall Street Journal
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Feb 9, 08 11:56 AM CST
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Yahoo's board will reject Microsoft's $44.6 billion bid to acquire the company because it "massively undervalues" Yahoo, the Wall Street Journal reports. The board will spell out its objections in a letter to Microsoft on Monday. Yahoo says the $31-per-share offer isn'