Yahoo to Microsoft: "Buy us"

Author: Harry Butler
Published: 7th November 2008
Comments (7) Stumble
Yahoo to Microsoft: "Buy us"

Yahoo are looking for a buyer, but Microsoft isn't interested anymore

The ongoing drama around the future of the worlds number two search engine Yahoo! has taken yet another twist, with co-founder and CEO Jerry Yang saying that “the best thing for Microsoft to do is buy Yahoo!” and that Yahoo! Remained “open to everything.”

This statement follows a stormy six months for Yahoo, in which they were almost bought by Microsoft, endured a possible board room takeover from investor Carl Icahn, were close to buying struggling AOL and then most recently saw a lucrative advertising partnership with Google collapse after Google pulled out following regulatory concerns.

Having turned down Microsoft’s offer of $33 a share back in May though, a deal which if successful would have changed the face of online search, it looks like Yahoo! has missed out on a Microsoft buy out. Microsoft CEO and internet legend Steve Ballmer reiterated that Microsoft is “not interested in going back and re-looking at an acquisition.”

Yahoo! Investor Carl Icahn has previously argued that Yahoo! made it as difficult as possible for Microsoft to acquire the company back in May, insisting on prohibitively expensive staff retention guarantees, something which Yahoo! has since denied. Either way, it doesn’t look like Microsoft is in any hurry to get back round the bargaining table.

With Yahoo’s stock now worth $13.96 a share compared to $29.88 back in February, its market share continuing to slide and opportunities to grow the business becoming fewer and fewer you have to wonder what’s next for the troubled search engine. Buyout by another company? Renewed efforts to acquire AOL? Let us know what you think Yahoo! will do next in the forums.
Quote WildTangent 7th November 2008, 12:17
I'd almost like to say they should have taken the money while it was good, but then I remember that Microsoft already has their feet firmly entrenched in enough businesses, we don't need them gaining *more* power.
Quote BentAnat 7th November 2008, 12:53
I predicted this... MS will probably buy eventually... but not before yahoo's share hit $8 or so...
Quote TreeDude 7th November 2008, 13:18
Yahoo made a huge mistake back in May which is going to cost them and their shareholders dearly. I kind of feel bad, but there was no reason for them to refuse that deal (other than greed) and now they are paying for it.
Quote rhuitron 7th November 2008, 15:59
Sorry. but, HHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHA

HAHAHAHAHAHAHAHAHA Oh God, My gut! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

What a Suave Move Guys! It's kinda like that whole "Wait three days until you call the girl you met at the club." thing.
Quote HourBeforeDawn 7th November 2008, 19:26
new yahoo screwed up last lol now they wont even rank in as much. Well its bound to happen sooner or later.
Quote n3mo 8th November 2008, 00:24
Too bad, I don't like it at all. And by "it" I mean Microsoft gaining more power.
Quote ou7blaze 8th November 2008, 06:20
Never liked the Yahoo website anyway but can anyone say missed opportunity?
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