The most interesting story to emerge since Microsoft (MSFT) withdrew its bid for Yahoo (YHOO) is that the companies are disputing the circumstances of Microsoft's $33 offer. Instead, the company appears to be saying "If only we had known they would really pay $33, we'd have acted differently. It might ...
Yahoo shares fall 15 pct after Microsoft withdraws bid
news.yahoo.comFound 10 days, 12 hours, 16 minutes, and 1 second agoYahoo shares fell 15 percent Monday as hopes for the once-dominant Internet icon dimmed following Microsoft's withdrawal of a $47.5 billion takeover bid.
Microsoft exit hits Yahoo shares
news.bbc.co.ukFound 10 days, 9 hours, 10 minutes, and 50 seconds agoYahoo shares fall sharply as investors react to Microsoft dropping its bid for the internet firm.
Giving Up on Yahoo, Microsoft Rethinks Its Internet Options
online.wsj.comFound 10 days, 12 hours, 29 minutes, and 12 seconds agoBy Saturday, Microsoft CEO Steve Ballmer didn't want that either, leaving both technology giants facing fundamental questions about their futures. However, it might not close the door to the software maker's pursuing another bid for Yahoo down the road. Ballmer himself had shown hints of such doubts ...
Yahoo CEO Faces Shareholder Ire
online.wsj.comFound 9 days, 23 hours, 32 minutes, and 15 seconds agoYahoo CEO Jerry Yang had to tangle with some big shareholders who were displeased that he didn't reach a deal to sell his company to Microsoft at a sweetened price. (Complete Coverage)
AOL contacts Microsoft as Steve Ballmer walks away from Yahoo
business.timesonline.co.ukFound 10 days, 14 hours, 22 minutes, and 10 seconds agoAOL, the internet arm of Time Warner, has approached Microsoft about a possible tie-up as a deal between the software group and Yahoo! unravelled, The Times has learnt.
Silicon Alley Insider
alleyinsider.comFound 10 days, 6 hours, 41 minutes, and 2 seconds agoDid Microsoft (MSFT) really walk away from the Yahoo (YHOO) deal? It doesn't seem inconceivable that, over the next few days, Yahoo shareholders will effectively insist that negotiations be re-opened--in which case, Microsoft will have "gone hostile" without going hostile, just by walking away. It seems ...
Microsoft Corp. today announced that it has withdrawn its proposal to acquire Yahoo
microsoft.comFound 10 days, 11 hours, 28 minutes, and 18 seconds ago"We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! "Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! After careful consideration, we believe the economics demanded by Yahoo! "We have a talented team in place and a compelling plan to ...
Bumpy ride ahead for Yahoo
latimes.comFound 10 days, 44 minutes, and 35 seconds agoThe company's shares are expected to plunge today, as investors punish it for pushing away Microsoft. Chief Executive Jerry Yang needs to prove that he made the right decision. Yahoo's shares are expected to plunge today, as investors punish the company for pushing away a deep-pocketed suitor willing ...
Microsoft exit hits Yahoo shares
news.bbc.co.ukFound 10 days, 16 hours, 23 minutes, and 32 seconds agoYahoo shares fall sharply as investors react to Microsoft dropping its bid for the internet firm.
A Yahoo Shareholder on What Might Have Been
dealbook.blogs.nytimes.comFound 10 days, 16 hours, 55 minutes, and 2 seconds agoYahoo's second-largest shareholder said in an interview Sunday that he would have considered selling to Microsoft for slightly more than the $33 a share the company offered, yet for less than the $37 a share that Yahoo's board insisted on. ...
Yahoo Shareholders Restive After Deal Collapses
feeds.wired.comFound 10 days, 5 hours, 27 minutes, and 39 seconds agoBaby Boomer Memorabilia Topping Out; Time to Collect '90s Stuff? Shares of Yahoo fell as much as 19 percent in early trading Monday, to a little more than $23, although still above the level they were at before Microsoft disclosed its $31-per-share offer on January 31. "The only question is whether this ...
The Microsoft-Yahoo Blame Game
microsoft-watch.comFound 10 days, 19 hours, 37 minutes, and 4 seconds agoThe failed Microsoft-Yahoo marriage is somebody's fault. Yahoo's strategy has been one of silence, giving Microsoft free voice to shift the blame away from itself. Some shareholders will sue Yahoo's board for negligence, for not acting in their best interest.
Microsoft steps back from Yahoo bid
appleinsider.comFound 10 days, 11 hours, 20 minutes, and 49 seconds agoMicrosoft CEO Steve Ballmer has confirmed the move Saturday evening in a letter that has been delivered to Yahoo chief Jerry Yang as well as published online. The Microsoft executive has revealed that his company earlier this week raised its bid from $31 per share to $33, but claims that a combination ...
techcrunch.com
"I'm extremely disappointed in Jerry Yang. I think he overplayed a weak hand. And I'm even more disappointed in the independent directors who were not responsive to the needs of independent shareholders. ...
Found 9 days, 23 hours, 32 minutes, and 14 seconds ago
feeds.feedburner.com
Here is the full press and "Dear Jerry" letter from Microsoft's Ballmer on calling it quits on the Yahoo acquisition. Via PR Newswire : Microsoft Withdraws Proposal to Acquire Yahoo! REDMOND, Wash. ...
Found 10 days, 18 hours, 25 minutes, and 49 seconds ago
macworld.com
Now that Microsoft has dropped its bid to take over Yahoo, Computerworld talks to industry analysts who assess what happened and what to expect from the two companies.
Found 10 days, 9 hours, 46 minutes, and 40 seconds ago
feeds.feedburner.com
Posting what I was just sent:
Microsoft Withdraws Proposal to Acquire Yahoo!
REDMOND, Wash. - May 3, 2008 - Microsoft Corp. (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo! ...
Found 10 days, 9 hours, 26 minutes, and 45 seconds ago
db.tidbits.com
According to a story by Ina Fried in CNET's Beyond Binary blog, Microsoft has rescinded its offer to purchase Yahoo. In early February, Microsoft offered Yahoo $31 per share (see " Microsoft Bids $44. ...
Found 10 days, 8 hours, 12 minutes, and 53 seconds ago
searchengineland.com
The question of the day seems to be how low will Yahoo go when the US stock market opens later today. Even I,
optimistic about Yahoo's chances on its own, don't expect it to rise. But maybe the latest blog spin from Yahoo, along with formal news of a deal with Google, will help slow the expected drop. ...
Found 10 days, 4 hours, 52 minutes, and 45 seconds ago
valleywag.com
Early trading in Frankfurt, Germany dropped Yahoo shares 22.04 percent to $22.35 per share as of 4:38 a.m. Analysts expect the sell-off to drop the company's value to $30 billion by the end of the day, returning its share price near to where it stood before Microsoft made it's $47. ...
Found 10 days, 3 hours, 13 minutes, and 38 seconds ago
seattlepi.nwsource.com
Yahoo CEO Jerry Yang is under intense pressure now that Microsoft Corp. has withdrawn its mega merger proposal for the Sunnyvale, Calif., Web portal.
Found 10 days, 10 hours, 43 minutes, and 41 seconds ago
db.tidbits.com
Anyone tried the Online Passport application system? The New York Times is reporting that Microsoft has made an apparently unsolicited offer to buy Yahoo for about $44. The move is clearly aimed at Google, which has continued to cement its dominance even as both Microsoft and Yahoo have invested millions ...
Found 10 days, 8 hours, 12 minutes, and 53 seconds ago
reuters.com
NEW YORK (Reuters) - Yahoo Inc likely faces a flood of shareholder lawsuits for rejecting a $47. 5 billion takeover bid from Microsoft Corp, even if investors find holding the company responsible to be an uphill battle. "I think it's pretty hard for the Yahoo board to turn down $33 when they've shown ...
Found 10 days, 1 hour, 6 minutes, and 45 seconds ago
news.com
Yahoo shares fought back some of their losses in late morning trading, reaching $24. Microsoft's gains have been shrinking through the morning, leaving the software giant up 0. Since the opening bell, shares of Microsoft, which remain in positive territory, have been edging slowly south, while Yahoo, ...
Found 10 days, 10 hours, 15 minutes, and 59 seconds ago
biz.yahoo.com
Yahoo CEO on hot seat after rebuffing Microsoft's $47. Yahoo CEO Jerry Yang on hot seat after rebuffing Microsoft's $47. It will be a daunting challenge, as Yang will be pointedly reminded Monday when investors are expected to show how little they think of Yahoo without a takeover bid on the table.
Found 10 days, 2 hours, 18 minutes, and 9 seconds ago
foxbusiness.com
What
makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate
at last summer¿s barbecue different from the corn used to produce ethanol. Corn is corn no matter where it comes from -- just as wheat is wheat ...
Found 9 days, 22 hours, 31 minutes, and 7 seconds ago
paidcontent.org
Then, the big institutional shareholders of Yahoo seem to be angry, this WSJ story says : "I'm extremely disappointed in Jerry Yang," said Gordon Crawford, a portfolio manager at Capital Research Global Investors, which owns over 6 percent of Yahoo's shares. "I think he overplayed a weak hand."
Then Yang, also in an interview to WSJ, did the dialback:
Found 9 days, 23 hours, 32 minutes, and 7 seconds ago
blogs.forrester.com
Kara Swisher: Yahoo's Nightmare Scenario: I'm from Google And I'm Here To Help!
Joe Wilcox: The Microsoft-Yahoo Blame Game
Found 10 days, 19 hours, 36 minutes, and 59 seconds ago
businessweek.com
A lot of people are posing this wisp of a hint of an acquisition as an alternative to the failed Yahoo bid. Count me doubtful. Facebook has a great service, but it's still unclear what kind of advertising is going to work well on it. And assuming Facebook comes up with something brilliant, it's still going take awhile to build momentum. Nothing Facebook has will come close anytime soon to the scale of audience that Yahoo has. And if Ballmer didn't want to pay up a little more for Yahoo, which at least has a proven if not fast-growing advertising business, why would he pay up even more, relatively, for Facebook?
Found 80 days, 16 hours, 3 minutes, and 41 seconds ago
blog.seattlepi.nwsource.com
One outside expert in a unique position to assess Microsoft's prospects, following the withdrawal of its Yahoo bid , is Michael Cusumano , a professor at MIT's Sloan School of Management who has studied the company for years and written books on Microsoft and the software industry. Here are excerpts from a phone interview I had with him today.
Found 10 days, 14 hours, 16 minutes, and 59 seconds ago
macmikenews.com
out for $37 per share, a level to which even Microsoft wasn't willing to go. In theory, Microsoft could have taken the offer directly to Yahoo's shareholders, but Ballmer felt Yahoo would take steps during the process (most notably, forge a closer relationship with Google) to make the company undesirable as a takeover target for Microsoft.
So we're back to where we started, with Microsoft still looking for ways to fend off the hard-charging Google while still raking in $14.1 billion in profits on $55.
Found 10 days, 8 hours, 12 minutes, and 50 seconds ago
pbokelly.blogspot.com
The always-entertaining and often-insightful FSJ on the Microsoft move; see the full post for more... Well I've said it before and I know I'll say it again -- no matter what you may think about Steve Ballmer, whether you love him or hate him, you have to admit he's probably the most brilliant CEO in our industry and maybe in any industry today. This fantastic bait-and-switch maneuver on Yahoo just proves it. In one fell swoop Ballmer has upended this entire market space, roiled up everyone, forced all of his competitors into more difficult positions -- and none more so than Jerry Yang of Yahoo who looks more foolish than ever right now.
Found 10 days, 12 hours, 29 minutes, and 43 seconds ago
dailywireless.org
Yahoo opened Monday down 19.7 percent from Friday's close , to $23.02, following Microsoft's withdrawal over the weekend of its unsolicited buyout bid .
Found 10 days, 10 hours, 15 minutes, and 48 seconds ago
mac.steidler.net
(Via Macworld .)
Microsoft's three-month courtship of Yahoo has ended but it changed both companies forever and neither can expect to return to the way they were.
Microsoft and Yahoo will need to deliver on promises, address questions, reassess and adjust plans and deal with challenges that grew from and during the attempted acquisition.
"The key thing is that both companies are going to have to articulate very clearly what their strategies going forward will be," said Forrester Research analyst Charlene Li in a phone interview.
Found 10 days, 14 hours, 24 minutes, and 30 seconds ago
blog.searchenginewatch.com
Now that Microsoft finally withdrew their bid for Yahoo , it's a free-for-all for anyone claiming to be an analyst.
Mostly, there's a lot of nervousness about what will become of the Sunnyvale search engine. At least one investor is calling for shareholders to withhold their votes for the current directors. Eric Jackson, who represents 140 shareholders who collectively own 2 million shares of Yahoo stock, said that the board didn't negotiate in good faith. He expected Yahoo shares to be trading at $19-20 per share when the stock market opened this morning.
Found 10 days, 12 hours, 29 minutes, and 47 seconds ago
winbeta.org
Todd Bishop: One outside expert in a unique position to assess Microsoft's prospects, following the withdrawal of its Yahoo bid , is Michael Cusumano , a professor at MIT's Sloan School of Management who has studied the company for years and written books on Microsoft and the software industry. Here are excerpts from a phone interview I had with him today.
Found 10 days, 14 hours, 16 minutes, and 51 seconds ago
radaronline.com
The Microsoft bid for Yahoo that Yahoo top brass never wanted has been rescinded . On Saturday, Microsoft CEO Steve Ballmer withdrew his company's $47.5 billion offer-an amount which jacked up Yahoo's share price to about $33. Witness the drama:
Microsoft: "I'm going to buy your company for this much. Which I think is a lot."
Found 10 days, 12 hours, 29 minutes, and 3 seconds ago
blog.clickz.com
With the dust settling around Microsoft's abortive bid for Yahoo, one thing's quickly becoming clear: The self-destruction of this particular takeover attempt is not the end of Yahoo's odyssey but merely a mid-way point. Analyst and blogger speculation this morning has anticipated a variety of outcomes for Yahoo, including a deal with News Corp (though talks have reportedly "cooled"), an acquisition of ValueClick, and even a late third act consummation with Microsoft.
The next big Web company to sell may not be Yahoo, however.
Found 10 days, 8 hours, 2 minutes, and 33 seconds ago
busmovie.typepad.com
I pointed out yesterday that it's unclear Microhoo is finished. The simple reason is that the deal is close to an economic imperative for Microsoft. The economies of scale in Web ad sales demand that Microsoft be as big as Google, and Yahoo would seem to be the only way it gets there. NYT's Dealbook supports that in an interview with a big Yahoo shareholder, Legg Mason's Bill Miller: "They didn't have a prayer of competing with Google without Yahoo," he said. The difference between Microsoft's offer of $33 a share and Yahoo's demand for $37 a share was a few billion dollars, an amount of cash that Microsoft generates in just a few months, he said.
Found 10 days, 16 hours, 54 minutes, and 58 seconds ago
mediabistro.com
An expected realignment of the consumer Internet sector was thrown into doubt over the weekend after Microsoft's surprise abandonment of its $46.5 billion offer for Yahoo. The move is set to put pressure on senior executives of both companies, as one of Yahoo's largest shareholders criticized both sides for failing to agree a deal. AP : Many analysts believe Yahoo's stock price, which had climbed nearly 50 percent since Microsoft's initial offer, will surrender most, if not all, of that gain. NYP :
Found 10 days, 2 hours, 18 minutes, and 8 seconds ago
daveibsen.typepad.com
As Yahoo's shares tumbled in premarket trading the day after the Yahoo/Micorosft deal fell apart, the Monday Morning Quarterbacking (it is Monday afterall), began.
Is CEO Steve Ballmer playing hardball, and waiting until Yahoo! is in a more weakened state to re-bounce on the brand? Are Yahoo's chief executive, Jerry Yang, and Co-founder David Filo (both pictured above) too close, and emotionally attached to the brand to negotiate steely-eyed? So, as the Yahoo! team reportedly greets Microsoft's decision to leave Yahoo!
Found 10 days, 13 hours, 57 minutes, and 22 seconds ago
pardonmyfrench.typepad.com
Yes you woke up this morning and you can read all of the reports and blog posts on Microsoft removing its bid for Yahoo . Me? I still think it will get done, but based on my own personal observations, I think Microsoft should take a long hard look at why they want Yahoo so badly. I've never been in mergers or acquisitions and I'm sure the folks at Microsoft who are/were running the deal are highly paid and very experienced individuals, but here's why I believe Microsoft should be happy about the deal breaking up.
Found 10 days, 12 hours, 28 minutes, and 57 seconds ago
alligatorpit.com
I don't think today is going to be a very good day for Jerry Yang.
Yahoo Inc. Chief Executive Jerry Yang has gotten what he wanted: a chance to prove his company is worth more than the $47.5 billion that Microsoft Corp. offered to buy the Internet pioneer.
It will be a daunting challenge, as Yang will be pointedly reminded Monday when investors are expected to show how little they think of Yahoo without a takeover bid on the table. Faced with resistance from Yang and the rest of Yahoo's board, Microsoft withdrew its offer over the weekend.
Found 10 days, 12 hours, 15 minutes, and 53 seconds ago
changingway.org
The biggest tech story of the year so far is the acquisition of Yahoo by Microsoft, and the biggest current tech story is that the deal didn't happen.
Let's review, from a few different perspectives, starting with Yahoo itself. CEO Jerry Yang poses the question Ok, so now what? .
With Microsoft's withdrawal, we'll be better able to focus our energy on growing our industry leadership and maximizing value for stockholders. We'll continue to execute on our plan - making your Internet experience as personal, relevant, open and social as possible, serving advertisers so well they insist on working with us, and opening up Yahoo!
Found 10 days, 12 hours, 15 minutes, and 51 seconds ago
blog.gartner.com
As the world searches for deeper meaning in the final chapter of the Microsoft-Yahoo acquisition story (
or is it ?), one emerging storyline defines this as the moment when Microsoft saw its last, best chance to catch the new computing champion, Google, slip through its fingers. The New York Times, for example, claims "Google
has leapt far ahead in markets like web advertising." Well, besides web advertising
or, more precisely, web search advertising, what markets would those be? Of course there's much enthusiasm about the future of cloud computing services, but today these are speculative notions with no significant revenue attached.
Found 10 days, 11 hours, 27 minutes, and 28 seconds ago
appscout.com
Last night, Yahoo chief executive Jerry Yang posted a defense of Yahoo's strategy on the Yahoo Anecdotal corporate blog. His take? Yahoo has just too many darn exciting developments going on to allow a third party to come in and take over. In a way, it's a response to the "blame game" that Joe Wilcox at Microsoft Watch has written about .
In all seriousness, though, give credit to Yang for this statement: "We know the spotlight will probably stay on us for a while. That's fine -- we have a clear path ahead and momentum to build on.
Found 10 days, 11 hours, 21 minutes, and 37 seconds ago
radarmagazine.com
The Microsoft bid for Yahoo that Yahoo top brass never wanted has been rescinded . On Saturday, Microsoft CEO Steve Ballmer withdrew his company's $47.5 billion offer-an amount which jacked up Yahoo's share price to about $33. Witness the drama:
Microsoft: "I'm going to buy your company for this much. Which I think is a lot."
Found 10 days, 10 hours, 56 minutes, and 52 seconds ago
blogtown.portlandmercury.com
A cyclone in Myanmar claimed at least 4,000 lives . Another 3,000 people are still unaccounted for.
A USA Today/Gallup poll has Hillary Clinton ahead of Barack Obama nationally 51 to 44, while CBS News/New York Times numbers put Obama head by 12 points. Meanwhile , "Hillary Clinton appears to have taken a clear lead in the crucial primary state of Indiana while Barack Obama remains ahead in Tuesday's other big prize - North Carolina." Will it never end? (FYI: Clinton will be in Oregon at the end of the week.
Found 10 days, 10 hours, 15 minutes, and 23 seconds ago
jurgle.com
Microsoft Bails, Yahoo's Google Threat Appears to Have Worked
Found 10 days, 9 hours, 26 minutes, and 42 seconds ago
portland.metblogs.com
So it turns out the Rose City had a hand in the progression and eventual failure of the Yahoo/Microsoft merger. An article in today's Wall Street Journal , among other sources , reports executives from the two companies met here on April 15th at a Portland law firm:
As a result, Microsoft executives were surprised when Mr. Ballmer on April 5 letter sent a letter to Yahoo directors threatening a hostile approach if they didn't reach a friendly deal by April 26. That spurred Yahoo executives and an entourage of bankers and advisers from both sides to meet with Microsoft on April 15 at a Portland, Ore.
Found 10 days, 9 hours, 14 minutes, and 10 seconds ago
breakoutperformance.blogspot.com
The only question is whether this is really the bottom," says Eric Savitz on the Tech Trader Daily blog.
Found 10 days, 6 hours, 41 minutes ago
ffextensionguru.wordpress.com
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:
Found 10 days, 1 hour, 20 minutes, and 28 seconds ago
bits.blogs.nytimes.com
Found 10 days, 4 hours, 14 minutes, and 49 seconds ago
thylmann.net
More here .
Found 10 days, 18 hours, 24 minutes, and 43 seconds ago
techtoday.110mb.com
Microsoft Corp. today announced that it has withdrawn its proposal to acquire Yahoo! Inc.
"We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole. Our goal in pursuing a combination with Yahoo! was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees," said Steve Ballmer, chief executive officer of Microsoft.
"Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo!
Found 10 days, 11 hours, 28 minutes, and 2 seconds ago
blog.afraidtotrade.com
Microsoft officially withdrew its offer to acquire Yahoo, after Yahoo continued to hold out for a higher offer. The fall-out from this decision has already begun.
AP Business writer Michael Liedtke reported Yahoo (YHOO) stock plunged 15% this morning , yet it is recovering some of its gains.
"The sell-off wiped out nearly half the gain in
Found 10 days, 11 hours, 13 minutes, and 56 seconds ago
technologyowl.com
Link: feeds.wired.com
5/5/2008 5:02:45 PM : permalink
Found 10 days, 5 hours, 27 minutes, and 11 seconds ago
smoothspan.wordpress.com
In short, we think Steve walked because he just wasn't that eager to do the deal anymore. And given Yahoo's position since the bid was announced, we don't blame him.
When the world figures out Microsoft isn't coming back, or at least not at anything like that $33 offer, gravity will prevail and Scoble's stock chart will look different. Microsoft investors who think the deal was a mistake can heave a sigh of relief and raise that stock, and Yahoo will regress to where it had been, or worse. Meanwhile, the one sure thing is that Google is likely to continue its rise.
Found 10 days, 4 hours, 14 minutes, and 47 seconds ago
nytimes.com
Three's Company: Google To Launch "Friend Connect" On Monday
Found 328 days, 21 hours, 37 minutes, and 4 seconds ago
tech.nytimes.com
Internet Explorer and del.icio.us
Found 322 days, 19 hours, 37 minutes, and 59 seconds ago
thylmann.net
What is Yahoo really worth? That's the $44.6 billion question, the one that ultimately split Steve Ballmer and Jerry Yang. Most pundits predicted Yahoo's shares would drop precipitously today , perhaps as low as $19, where they were trading before Microsoft's offer. Instead, they're trading around $24.60 - a 14 percent drop, but a 30 percent premium to the pre-Microsoft price. The shares could drop further over the course of the day, but it's worth asking what's sustaining Yahoo's shares at this level right now.
Found 10 days, 3 hours, 13 minutes, and 35 seconds ago
feeds.feedburner.com
H ow Yahoo Blew The Microsoft Deal, Part 1
Found 9 days, 14 hours, 23 minutes, and 1 second ago
