Microsoft And Yahoo Rise On Deal Talks Report
By
AP via Yahoo,
published on July 2, 2008 at 1:40 PM
Source: Tom's Guide US | Keywords: Yahoo, Microsoft
Source: Tom's Guide US | Keywords: Yahoo, Microsoft
Syndication:
Shares of Yahoo and Microsoft rose Wednesday as The Wall Street Journal reported Microsoft has talked to other media companies about teaming up to buy Yahoo’s search business. The paper reported Microsoft has spoken to News Corp., Time Warner Inc. and others about a way to complete the proposed deal, which was first announced on Feb. 1. Microsoft ultimately withdrew a $47.4 billion bid for Yahoo in May.
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Microsoft's 47.4 billion dollar bid was already for more than Yahoo's worth. I don't think that MS is going to be able to take Yahoo with anything less than an obscene offer. If Microsoft was smart, they would just take things to the shareholders, like they threatened in May. Some Yahoo executives don't want to sell (seemingly for any amount), but most shareholders were pretty pissed off when Yahoo snubbed its nose at 47.4 billion. There already should have been a "hostile takeover", months ago... Think of it this way, if you owned a thousand shares worth 19 dollars a piece, and someone wanted to buy em' for 31 dollars each, wouldn't you be pissed if someone screwed up the deal? Yahoo is only 9% of the search market, and Google's probably going to acquire doubleclick. Who in their right mind thinks Yahoo is worth over 47.4 billion?