Tuesday, May 31, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Xperia X Series Coming to the United States
Computex: New Dell 10 2-in-1 Laptops Are Starting At $249
Computex: Intel Launches 10-core Core i7 Processor Extreme Edition And Xeon Processor E3-1500v5 Family
Samsung Rolls Out First 512-Gigabyte NVMe SSD in Ultra-small BGA Package
Computex: Qualcomm Debuts The Snapdragon Wear 1100 Processor for Wearables
Computex: Patriot Announces New Spark SSD
Patriot Announces 2TB Ignite SSD
ASUS Presents Zenvolution at Computex 2016
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > This is...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, February 20, 2008
This is War: Microsoft Readies Yahoo Proxy Battle


Microsoft doesn?t plan to raise the price of its $44.6 billion takeover bid for Yahoo, but it is about to make it a lot harder, according to reports today.

Microsoft has authorized a proxy battle for Yahoo this week, in a bid to lure the Web company?s shareholders into Microsoft?s camp. And if Yahoo doesn?t enter talks with Microsoft, the company will seek to nominate a new batch of directors to Yahoo?s board by March 13 ? and oust the old board in the process, The New York Times reports. Because Yahoo doesn?t have a staggered board, it is vulnerable in a proxy battle. All of the Internet company?s directors are up for nomination this year, The Times notes. And in a contested election, directors are elected by a plurality of votes cast.

The battle is expected to cost Microsoft between $20 million and $30 million, a much cheaper alternative to raising its bid. Upping the $31-per-share offer would cost Microsoft an additional $1.4 billion for every dollar added. Yahoo rejected the initial overture as "not in the best interests" of stockholders, saying the company is "uniquely positioned" to grow from $45 billion in 2007 to $75 billion in 2010.

A Yahoo-Microsoft proxy fight would be the largest corporate proxy fight in the eight years.

In the meantime, Yahoo adopted new severance packages that protect employees in the event of a Microsoft takeover.

Microsoft also may simultaneously circumvent Sunnyvale, Calif.-based Yahoo's management and ask shareholders to sell their stock to Microsoft directly.

In an interview with The Associated Press Monday, Microsoft Chairman Bill Gates said the software maker was not talking to Yahoo about raising its bid.

Analysts, however, still believe there's wiggle room.


Previous
Next
MySpace to Offer Music Service: Reports        All News        Universal Goes Blu
MySpace to Offer Music Service: Reports     General Computing News      DVD Jon "Liberates Your Digital Media"

Get RSS feed Easy Print E-Mail this Message

Related News
Microsoft and Facebook To Link America With Europe Through 6,600 km Long Cable
Microsoft Streamlines its Smartphone Business, Axes Hundrends Of Jobs
Microsoft To Accelerate Delivery of Affordable Internet Access
Microsoft Is Selling Its Feature Phone Business to Foxconn, Nokia Mobiles Return
Yahoo Reaches Agreement With Starboard
Microsoft Positions Windows 10 As A Platform for the Intelligence Revolution
Microsoft, Google Drop Complaints Against Each Other
Microsoft Reports Profit But Windows Business Keeps Declining
Yahoo Revenue Slightly Falls
Microsoft Sues U.S. Government Over Data Requests
Microsoft's Edge Browser To Limit Flash Support
Google Added To List Of Bidders For Yahoo's Core Business

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .