"Microsoft is considering and has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo," the statement said. "Microsoft is not proposing to make a new bid to acquire all of Yahoo at this time, but reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo or discussions with shareholders of Yahoo or Microsoft or with other third parties."
As an interested observer, I bet Yahoo is trying to appease Carl Icahn and other shareholders.....It sure is interesting to watch.
Showing posts with label Yahoo. Show all posts
Showing posts with label Yahoo. Show all posts
Sunday, May 18, 2008
Thursday, May 15, 2008
Yahoo in the news again
I knew the Yahoo saga wasn't over yet.
In a letter to Yahoo Chairman Roy Bostock, billionaire investor Carl Icahn said he had snapped up 59 million Yahoo shares, worth about $1.5 billion, and was seeking permission from the Securities and Exchange Commission to amass up to $2.5 billion worth of shares. His holdings constitute about 4.3% of the Sunnyvale, Calif., company's stock.
According to the LA Times he wrote:
"It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo's closing price of $19.18 on the day before the initial Microsoft offer," Icahn wrote. "I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the Internet."
The song and dance will be interesting to watch.
In a letter to Yahoo Chairman Roy Bostock, billionaire investor Carl Icahn said he had snapped up 59 million Yahoo shares, worth about $1.5 billion, and was seeking permission from the Securities and Exchange Commission to amass up to $2.5 billion worth of shares. His holdings constitute about 4.3% of the Sunnyvale, Calif., company's stock.
According to the LA Times he wrote:
"It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo's closing price of $19.18 on the day before the initial Microsoft offer," Icahn wrote. "I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the Internet."
The song and dance will be interesting to watch.
Sunday, May 04, 2008
Microsoft and Yahoo
Where will Yahoo's stock end up Monday now that Microsoft has dropped its bid for Yahoo? This poll came from Fred Wilson, A VC. If the deal had gone through, I can just imagine the culture clash.
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