With Yahoo’s stock plummeting to $12.29 a share on Friday (October 10), a Yahoo investor is urging Yahoo to sell itself to Microsoft for $22 a share. From Reuters: Under the proposal by investment fund Mithras Capital, Microsoft would unload Yahoo’s Asian assets and non-search businesses, extract $3 billion worth of cost savings and receive $2.8 billion of tax benefits, meaning the software giant would pay $10.3 billion for Yahoo’s search business. A quick refresher on Yahoo’s stock: Closed at $19.18 per share on January 31st, the day before Microsoft made the offer Closed at $28.38 per share (up 47%)…
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Nearly 4 months since the deal was called off, a research report from Rob Sanderson with American Technology Research today indicates that it is “increasingly likely” that Microsoft would make another bid for Yahoo at a “significantly lower” price. However, two Bank of America analysts don’t see this happening in the near future. News Source: The Microsoft Blog
Wow, I have to say I am impressed at the number of comments I have received on the Google Chrome post. Further it has been a while since this blog has gotten this much traffic. Anyway, I’ve been thinking about what could cause Chrome not to recognize I have Firefox and import my settings. My first thoughts were may be because I am running a Nightly Build version of Firefox 3 (Mozilla/5.0 (Windows; U; Windows NT 6.0; en-US; rv:1.9.0.3pre) Gecko/2008090306 Firefox 3/3.0.3pre ID:2008090306). However it may have to do with the version of Firefox, based on these comments from PatrickD,…
The big news today is the release of Google’s new web browser, Chrome. The big ‘selling point’ for Chrome is it is faster because of the way it handles the tabs. Unlike Firefox, IE, Netscape, Opera, etc. where the browser is one huge process, Chrome allocates a process to each tab. So if there is a problem says JavaScript is hung-up in one of the tabs, only that tab will go down, not the entire browser. However, something doesn’t seem to make sense here. The screen shot below of my task manager was taken with Chrome open with 6 tabs,…
After over 5 1/2 months the Microsoft/Yahoo saga has finally come to an end. In a press release from June 12th Yahoo announced: Yahoo! Inc. … today announced that discussions with Microsoft regarding a potential transaction — whether for an acquisition of all of Yahoo! or a partial acquisition — have concluded. The conclusion of discussions follows numerous meetings and conversations with Microsoft regarding a number of transaction alternatives, including a meeting between Yahoo! and Microsoft on June 8th in which Chairman Roy Bostock and other independent Board members from Yahoo! participated. At that meeting, Microsoft representatives stated unequivocally that…
Microsoft’s Ballmer and Yahoo’s Yang are pointing fingers at each other, blaming the other for the failed merger. With Yahoo’s stock dropping some 14% ($4.30 per share), Yang told Reuters today: We were negotiating a way to find common ground and then on Saturday they chose to walk away… They started it and they walked away. Ballmer stated on Saturday with his letter withdrawing the bid, he was disappointed that Yahoo! would not accept their $33 per share offer up from the initial $31 per share offer from back in January: In our conversations this week, we conveyed our willingness…
Today is the first business day since Yahoo! rejected Microsoft’s final offer. Yahoo’s stock dropped $5.65 per share to $23.02 when the markets opened this morning. Currently it has recovered slightly and been hovering around $24.50 per share. Microsoft on the other hand saw a very slight increase (71¢ per share) in their stock price with an opening of $29.95 per share. Currently the stock price has been around $29.80 per share. Besides how low Yahoo’s stock can drop it will also be interesting to see what happens with Yahoo! CEO Jerry Yang. One has to wonder if he has…
Todd Bishop has put together a time line of the Microsoft/Yahoo! events of the past 3 months. This includes several ‘secret’ meetings between Microsoft & Yahoo! as well as the public milestones. Timeline: Microsoft’s secret Yahoo meetings
According to the Associated Press, Microsoft has given up and is walking away from the deal to buy-out Yahoo. Check back for any developments. UPDATED 5:20 PM PDT: C|Net has confirmed it is over between Microsoft & Yahoo: In a letter to Yahoo’s CEO Jerry Yang, Microsoft chief Steve Ballmer confirmed that Microsoft was willing to offer $33 a share, but that Yahoo was holding out for at least $37 a share, or $5 billion more than Microsoft was prepared to spend. In the letter, Ballmer also says he is ruling out a direct offer to shareholders. “After careful consideration,…
Vote and see the results of the The Seattle Post-Intelligencer’s Poll: What should Microsoft do with its Yahoo bid? The choices: Raise the offer to make a deal or bring Yahoo to the table Keep the offer as is and attempt a hostile takeover Lower the price and attempt a hostile takeover Withdraw the offer temporarily and try to revive it later Walk away from the deal entirely. News Source: Todd Bishop’s Microsoft Blog