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Microsoft Wants Yahoo

Started by H Needles; Last updated by D Lim | View history

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Microsoft Wants Yahoo

"Long-term, a Microsoft-Yahoo! combination could pose a greater competitive risk to Google. But, near-term, we'd be skeptical that search users' overwhelming preference for Google would change." -Mark S. Mahaney

Look out Google: Microsoft is keen to compete, with its offer to buy Yahoo for $44.6 billion in cash and stock. The deal was shot down, but Microsoft has made it clear that it will stop at nothing to take over the company. Such a move could redraw the landscape in Internet consumer services, where Microsoft and Yahoo have long stayed in Google's shadow.

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May 2008
- Stocks Fall on Yahoo Plunge, Oil Spike
  
  Wall Street Journal | May 5, 08 3:32 PM CDT
  
  (Newser) - Stocks fell today as Yahoo shares plummeted 16% and crude prices jumped past $120 a barrel. "People have gotten in, but they don't want to be in a big way," a investment officer told the Wall Street Journal . The Dow fell 88.66 at 12,969.54, the Nasdaq 12.87 to 2,464.12, and the S&P 500 6.41 at 1,407.49. More »
- Yahoo, Microsoft Back Where They Started: Behind Google
  
  BusinessWeek | May 5, 08 12:56 PM CDT
  
  (Newser) - The Microsoft/Yahoo deal looks dead, and at least one company is celebrating: Google. Both companies are exploring other deals, but none will be as potent as MicroHoo might have been, BusinessWeek reports. That’s good news for a certain search giant. “Its two main competitors are separate and floundering,” said one analyst. “We think Google's the winner.” More »
- Yahoo Faces Lawsuits, Rough Ride on Wall Street
  
  Reuters | May 5, 08 6:17 AM CDT
  
  (Newser) - At least seven lawsuits already have been filed against Yahoo for its handling of Microsoft’s bid to acquire the Internet portal and lawyers say the company is likely to face more, reports Reuters. Microsoft withdrew a $33-per-share offer Saturday—a 70% premium above Yahoo’s share price three months ago when Microsoft launched its bid—after Yahoo demanded $37. More »
- Ballmer's Competitive Streak Drove Yahoo Bid
  
  Associated Press | May 4, 08 7:36 PM CDT
  
  (Newser) - Microsoft's Yahoo bid put CEO Steve Ballmer to the test: How much would he pay to fulfill his promise to "(expletive) kill Google"? Forty-seven billion bucks was too high, but many say he'll try again—and may have a tough time convincing investors it's all cool calculation. Microsoft still lags behind Google in search advertising, and that makes Ballmer steam, the AP reports. More »
- Post-Microsoft, What's a Yahoo to Do?
  
  New York Times | May 4, 08 5:24 PM CDT
  
  (Newser) - High-fives broke out at Yahoo yesterday after Microsoft revoked its buyout bid, but founder Jerry Yang and colleagues may want to hold off on celebrations, the New York Times reports. Analysts expect the stock to tank tomorrow, shareholders are mulling legal action, key workers may walk, and an alliance with Google could prove disastrous. More »
- Microsoft Retracts Yahoo Offer
  
  New York Times | May 3, 08 7:42 PM CDT
  
  (Newser) - Microsoft withdrew its latest offer to buy Yahoo today after the companies' chief execs haggled over price at a Seattle meeting, the New York Times reports. Microsoft CEO Steven Ballmer offered $33 per share, but Yahoo's Jerry Yang wanted $4 per share more in the blockbuster deal. More »
- Microsoft Boosts Offer, Launches Talks With Yahoo
  
  New York Times | May 2, 08 3:34 PM CDT
  
  (Newser) - Microsoft and Yahoo are holding active merger talks, with Microsoft willing to increase its offer “by several dollars,” sources tell the New York Times . The negotiations come as a major breakthrough after months of stalemate; Yahoo shareholders have been fielding calls from both sides seeking to arrive at an acceptable price. Shareholders had sought $35-$37 a share; Microsoft is said to be willing to go as high as $33. More »
- Microsoft Edges Toward Hostile Bid
  
  Wall Street Journal | May 2, 08 4:52 AM CDT
  
  (Newser) - Microsoft appears to be edging closer to a hostile bid for Yahoo, the Wall Street Journal reports; an announcement of the company's next move is expected today. Price will be a key factor: CEO Steve Ballmer told employees yesterday he won't pay a "dime above" what he thinks Yahoo is worth. Yahoo shareholders are looking for $35 to $37 a share; Ballmer's original offer was worth $29.48 a share at the close yesterday. More »
- Microsoft Still Pondering Yahoo Options
  
  Wall Street Journal | May 1, 08 9:37 AM CDT
  
  (Newser) - Microsoft's board met yesterday to discuss the next move in its bid for Yahoo but didn't make a decision, the Wall Street Journal reports. Directors have given CEO Steve Ballmer broad leeway to decide between going hostile or walking away from the bid, and insiders say it could still go either way. An announcement is expected later this week. More »
April 2008
- Ballmer May Seek Middle Path on Yahoo
  
  Wall Street Journal | Apr 30, 08 7:13 AM CDT
  
  (Newser) - Steve Ballmer's next move on Yahoo is expected momentarily, and one option is to nominate a proxy slate for the board of directors, the Wall Street Journal reports, but hold off on making a new hostile bid for the company. Microsoft could buy time for setting a new price for Yahoo, which rejected the company's $42-billion bid, but keep the option of a hostile campaign later. More »
- Microsoft's Price Wasn't Right: Yahoo Offer Expires
  
  Wall Street Journal | Apr 27, 08 4:05 PM CDT
  
  (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. More »
- Slumping Microsoft Needs Yahoo
  
  BusinessWeek | Apr 25, 08 11:52 AM CDT
  
  (Newser) - Microsoft's first quarter saw flat sales and dipping profits, all the more reason to make nice with Yahoo, Aaron Ricadela writes in BusinessWeek. Steve Ballmer has said he is ready to walk away from the attempted takeover, but with most of Microsoft's revenue coming from smaller divisions and overseas interests, his company sorely needs a big shot in the arm. More »
- Microsoft Profit Dips 11%
  
  Bloomberg | Apr 24, 08 4:43 PM CDT
  
  (Newser) - Microsoft's profits fell 11% in the third quarter amid concern that corporate clients are cutting back during the economic downturn, Bloomberg reports. The software giant reported net income of $4.39 billion, or 47 cents a share, down from $4.93 billion a year ago. The company's revenue remained flat at $14.5 billion, in line with estimates but disappointing investors, Bloomberg notes. Shares fell 4.5%. More »
- Ballmer to Yahoo: That's Our Final Offer
  
  Bloomberg | Apr 23, 08 2:48 PM CDT
  
  (Newser) - Microsoft won't raise its $44.6 billion takeover bid for Yahoo despite the Internet firm's strong first-quarter earnings, Bloomberg reports. "We are prepared to go forward without a merger," said CEO Steve Ballmer, who has threatened a proxy shareholder revolt to push the deal through, possibly at a lower price, if Yahoo didn’t agree to the original bid by Saturday. More »
- In Q1, Yahoo Beats Estimates
  
  San Jose Mercury News | Apr 22, 08 4:09 PM CDT
  
  (Newser) - Yahoo posted an increase in net income and reported sales that beat estimates in the first quarter, the company reported today. The jump in profit to $542.2 million translates to 37 cents per share, up from 10 cents a share a year ago—a number reflecting a onetime $401 million gain related to the Alibaba deal, the San Jose Mercury News reports.