Sunday, July 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Lyft Forms Autonomous Vehicle Unit
More Than Half German Companies Hit by Sabotage, Spying, BSI says
Intel, Microsoft and Amazon Side with Apple in Qualcomm's iPhone Ban Dispute
Samsung Galaxy Note 8 to debut on Aug. 23
Apple Turns to LG Chem for iPhone 9 Batteries
Microsoft Reports Strong Profit on Cloud Demand
Intel Introduces Movidius Neural Compute Stick
TSMC InFO packaging Enters Second Generation
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 > Microso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 28, 2008
Microsoft/Yahoo deadline passes with no deal


Yahoo Inc. failed to agree to an acquisition deal with Microsoft Corp. by Saturday, the deadline Microsoft had set for wrapping up negotiations.

Now Microsoft must decide whether to pursue a hostile takeover via a proxy fight or to drop the bid and seek other acquisition alternatives.

All along, Microsoft's management had strongly indicated that it would pursue Yahoo via all available options, including the hostile route of ousting the current board by proposing its own slate of director candidates at the next Yahoo shareholders' meeting.

But Microsoft CEO Steve Ballmer and Chief Financial Officer Chris Liddell softened that stance in public comments last week, saying that giving up on the acquisition would also be an option.

On Sunday, Yahoo declined to comment. Microsoft responded by pointing to comments Liddell made on Thursday during Microsoft's earnings announcement. "Unless we make progress with Yahoo towards an agreement by this weekend, we will reconsider our alternatives. We will provide updates as appropriate next week ... these alternatives clearly including taking an offer to the Yahoo shareholders, or to withdraw our proposal and focus on other opportunities, both organic and inorganic," Liddell said then.

Citing anonymous sources, The Wall Street Journal reported Sunday that Microsoft, Yahoo and their advisers have held talks in recent weeks but didn't achieve enough progress to hammer out a deal by Saturday. The process has clearly been frustrating for Microsoft executives, who have maintained that their offer is fair and that they don't see a reason to revise it. Ballmer and his team have shown signs of getting impatient with the slow progress, which is not surprising considering Microsoft's urgent desire to boost its underperforming Internet business and to better compete against Google Inc.


Previous
Next
RIAA and MPAA join in destruction event        All News        Elpida, Qimonda Team on DRAM, Consider Joint Production, Merger
Record companies sue Project Playlist on copyright     General Computing News      US cites China, Russia for failing to protect intellectual property

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Microsoft Reports Strong Profit on Cloud Demand
Microsoft to Bring Fast Internet to Rural Areas in the U.S.
Microsoft Azure Stack Now Available From Dell EMC, HPE, and Lenovo
New Microsoft 365 Software Package Includes Windows 10 and Office
Facebook, Microsoft, Twitter and YouTube Team Up To Counter Terrorism
Microsoft Patent Describes Plan to Stop Thieves Stealing Laptops
Microsoft Stream Video Services Available Worldwide
Microsoft AI Masters Pac-Man
Microsoft Windows XP and Vista Covered by Latest Security Patches Against Potential Nation-state Activity
Verizon Completes Yahoo acquisition, Meet Oath and Altaba
Yahoo Stockholders Approve Sale of Yahoo's Operating Business to Verizon
Microsoft to buy Cyber Firm Hexadite

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 .