Tuesday, December 12, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Twitter Makes It Easier For Users to Create Threads
Tsinghua to Invest in China-based Lite-On Storage Plant
Facebook to Book Advertising Revenue Locally Following Pressure
New Radeon Software Adrenalin Edition Provides Amped-Up Connected Gaming
Nintendo Says Switch Sells 10 Million Worldwide
Toshiba Unveils Embedded NAND Flash Memory Products for Automotive Applications
FCC to Hand Over Internet Oversight to FTC
Japan Display Develops 803ppi LCD Designed for Virtual Reality Applications
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
Mozilla Files Cross-Complaint Against Yahoo and Oath
Microsoft Plans Expansion of Redmond Campus
Microsoft Expands Deal With SAP to Use and Sell More of Each Other's Cloud Services
Top Black Friday deals from Microsoft
Microsoft Cloud Continues to Grow, Powers First Quarter Results
Microsoft to Buy Wind Energy From GE's new Wind Farm in Ireland
Microsoft Brings the Edge Browser to iOS and Android
Yahoo Says All 3 Billion Accounts Were Hacked in 2013 Security Breach
Microsoft Announces First Windows S Devices, Brings cloud, AI and Mixed Reality to Businesses
Windows Creators Update Available in October
Microsoft Surface Devices Fail on Reliability
Microsoft Coco Framework Improves Performance and Governance Characteristics of Enterprise Blockchain Networks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .