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Microsoft responds to Yahoo!'s rejection
Author: Tim SmalleyPublished: 12th February 2008
Microsoft's statement says that it is "offering shareholders superior value and the opportunity to participate in the upside of the combined company."
The response reads as follows:
"It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies. Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties.
We are offering shareholders superior value and the opportunity to participate in the upside of the combined company. The combination also offers an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market.
A Microsoft-Yahoo! combination will create a more effective company that would provide greater value and service to our customers. Furthermore, the combination will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising.
The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!’s shareholders are provided with the opportunity to realize the value inherent in our proposal."
The last thing that anyone wants is a hostile takeover... but that's exactly what the final part of the statement implies in my opinion. Do you think Microsoft should just back off or increase its bid? Share your thoughts on the statement in the forums.
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Comments (22)Stats: 0.122 seconds
Just a bit.
Oh so true. :(
I'm sorry if this is a stupid question, but I'm not familiar with corporate business procedures and tactics.
Sounds hostile to me
but to be honest does Billy Gates need to get any richer he already has a REPORTED fortune in excess of 62 BILLION though he is no longer considered the worlds richest man that now goes in this order
The five richest people in the world with their net worth (as of October 29 2007)
1. Mukesh Ambani ($63.2 billion)
2. Carlos Slim Helu ($62.2993 billion)
3. William (Bill) Gates ($62.29 billion)
4. Warren Buffett ($55.9 billion)
5. Lakshmi Mittal ($50.9 billion)
was in the last thread, but useful here too :p
"Myiachrooosoft" Maya-chro-soft
:D:D:D
If you say it as a borg then it actualy sounds hostile too.
:p
Madness???
THIS IS YAHOOOOOOOOOOOO!!!!!!
preferably 1%.. oh what a shame what a shame...
i still don't get the part : WTF does M$ want Yahoo for anyways? im reading and reading and reading.. and still don't get the point...
no go away with yer crossplattform user convinience poop... Whats in it for M$?
Or is it like with really rich people? I can only drive 1 car.. but i need a 2nd? and i can pay cash?
nobody buys a dead dog....sooo..
Google is probably one of Microsoft's few 'true' competitors, except for maybe Apple. In the way that MS and Apple fights computers, MS and Google fight for the interwebz. At least this is how i see it. Any corrections or errata may be appended in a reply. :P
Yahoo also comes with a huge user base who use the sites (chat, flikr, blogs, messenger, etc etc, and who look at ads. I think MS is seeing that they can't survive as a monopolistic software company forever and so are diversifying into other areas.