Microsoft
Yahoo! & Microsoft – No Deal; Yahoo & Google – Deal
In true Deal or No Deal Fashion, Yahoo announces talks with Microsoft have failed. However, Yahoo and Google will be dealing in the future.
Looks like Icahn has lost his gambit, unless he wants to do a TWA style deal.
SUNNYVALE, Calif., June 12, 2008 — Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today announced that discussions [...]
Yahoo to Icahn – You Have No Plan But to Dismantle Yahoo!
The Yahoo Board has sent a letter to “activist” stockholder Carl Icahn. He continues to demand that Yahoo sell itself because he believes “that the only way to salvage Yahoo in the long if not short run is to merge with Microsoft.” He said, “the best chance to bring Microsoft [...]
Yahoo to Icahn – Microsoft Isn’t Buyin’
Yahoo has issued the following press release:
“Yahoo! has confirmed with Microsoft that it is not interested in pursuing an acquisition of all of Yahoo! at this time. Yahoo! and its Board of Directors continue to consider a number of value maximizing strategic alternatives for Yahoo!, and we remain open to pursuing any transaction which is [...]
Microsoft and Yahoo In Talks Again
After Carl Icahn’ threat against the Yahoo board, Microsoft and Yahoo are back in talks.
It seems this time Microsoft will not seek to buy Yahoo outright, but will purchase part of the company. I don’t think the shareholders will like this.
Updates will be added as available.
UPDATE
It seems Microsoft is now looking to place its [...]
My Board is Better than Your Board
Carl Icahn is launching a proxy fight to unseat Yahoo’s current board to replace it with his own named members.
Since Microsoft withdrew its offer to purchase Yahoo, Icahn has purchased 50 million shares of Yahoo. It seems that Icahn purchased shares at a price he believes is below that which he can entice Microsoft [...]
RIAA Thinks Subscriptions Will Save Them & DRM
CNET reports here that a representative of the RIAA believes that DRM is alive and well. He also thinks that subscriptions are the savior of labels.
We all know the five steps of grieving: Denial, Anger, Bargaining, Depression, and Acceptance. It can be stated without reservation that the record labels are stuck in the [...]
What Was Ballmer Thinking . . ?
Just prior to withdrawing its unsolicited offer to buy Yahoo, Steve Ballmer held a “Microsoft Town Meeting” at which he discussed the rationale for the attempted acquisition. Comments are in red – the rest are quotations from an SEC filing found here.
STEVE BALLMER: Yeah, anybody live got a question, fine, I’m going to take [...]
An Evil Empire in the Making – Microsoft and News Corp Propose to Join Forces
The Wall Street Journal is reporting that Yahoo and AOL are pursuing a deal to fold AOL into Yahoo! The deal would require Time-Warner, in addition to the merger of internet operations, to make a cash purchase equivalent to 20% of the combined entity. This would make the entire deal worth more than [...]
Yahoo to Microsoft – - “A lawyer with his briefcase can steal more than a hundred men with guns.”: Send More Money.
Below is a verbatim copy of Yahoo’s letter to Steven Ballmer, responding to his demands to Yahoo’s Board of Directors along with this author’s comments, which are in red.
Dear Steve:
Our Board has reviewed your most recent letter with regard to the unsolicited proposal you made to acquire Yahoo! on January 31, 2008.
Our Board carefully considered [...]
Ballmer to Yahoo! Board, “I made an offer you can’t refuse. You’re gonna sleep with the fishes.”
Below is a verbatim copy of Steven Ballmer’s letter to Yahoo!’s Board of Director along with this author’s comments, which are in red.
Board of Directors
Yahoo! Inc.
701 First Avenue
Sunnyvale, CA 94089
Dear Members of the Board:
It has now been more than two months since we made our proposal to acquire Yahoo! at a 62% premium [...]
