Wednesday, August 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Infineon To Buy International Rectifier for Approximately $3 Billion
Verizon May Launch New App Store
ZTE Nubia 5S mini LTE Coming Unlocked For $280
Lenovo Expands Its ThinkCentre Range with Affordable Desktop PCs
Samsung and Barnes & Noble Introduce Samsung Galaxy Tab 4 NOOK
TCL and Roku Introduce Streaming TVs
Ballmer Steps Down From Microsoft Board
Samsung To Unveil New Smart TV Content at IFA 2014
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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
Samsung, Microsoft Want To End Android Patent Dispute Soon
Sony, Huawei, Microsoft To Announce New Smartphones at 2014 IFA
Microsoft Releases 19-euro Music Phone
Yahoo, Google To Encrypt Web Mail
Yahoo, ComScore To Jointly Offer Online ad Measurements
Microsoft Sues Samsung Over Royalty Payments
Microsoft Releases New Limited Edition Wireless Mobile Mouse 3500 With Master Chief from Halo
Microsoft Details Windows Phone 8.1 Update, Brings Cortana To New Markets
Microsoft Releases The Sharks Cove, A Raspberry Pi Alternative
China Starts Anti-monopoly Investigation On Microsoft
Microsoft's Profit Hurt By Nokia Acquisition, Plans Unified OS
Yahoo to Buy Flurry to Strengthen Mobile Products

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .