Showing posts with label Microsoft. Show all posts
Showing posts with label Microsoft. Show all posts
Sunday, September 7, 2008
Sunday, February 10, 2008
Yahoo Board to Reject Microsoft Bid
Source: Wallstreet Journal
Yahoo Inc.'s board plans to reject Microsoft Corp.'s unsolicited $44.6 billion offer to acquire the Web giant, a person familiar with the situation says.
After a series of meetings over the past week, Yahoo's board determined that the $31 per share offer "massively undervalues" Yahoo, the person said. It also doesn't account for the risks Yahoo would be taking by entering into an agreement that might be overturned by regulators. The board plans to send a letter to Microsoft Monday, spelling out its position.
Complete Coverage: See interactive stock timelines for Yahoo and Microsoft, past articles and more.
Yahoo's board believes that Microsoft's is trying to take advantage of the recent weakness in the company's share price to "steal" the company. The decision to reject the offer signals that Yahoo's board is digging in its heels for what could be a long takeover battle. The company is unlikely to consider any offer below $40 per share, the person said.
It's unclear whether Microsoft would be willing to pay such a premium, which would increase the value of its original cash and stock bid by more than $12 billion. The rejection comes as Yahoo's board has been considering various other scenarios, including a search advertising partnership Google Inc. Yahoo's directors are still considering that and other options that would safeguard the company's independence, people close the company say.
Yahoo's board appears to be betting that Microsoft doesn't want to "go hostile" and try to acquire the company against the wishes of management and the board. Such a course could cause deep resentment among the rank-and-file engineers whose cooperation is crucial to the company's success. A hostile takeover could also make it more difficult to get the deal past regulators if Yahoo management tries to convince authorities that the deal is anticompetitive.
Yahoo has taken "poison pill" provisions to prevent an unwanted takeover. Microsoft would likely have to oust the board in order to overturn them.
Wednesday, January 16, 2008
Tuesday, January 15, 2008
The European Commission has opened two new antitrust investigations of Microsoft's activities.
The first case is in response to a complaint from the European Committee for Interoperable Systems, a Brussels-based trade group of which Opera Software is a member, and concerns the interoperability of Windows with other software, the Commission said Monday.
The second investigation is looking into Microsoft's tactic of bundling software products with its Windows operating system. This follows a complaint to the Commission by Opera, a Norwegian browser developer.
Both issues featured in the Commission's landmark March 2004 antitrust decision against Microsoft, which the company unsuccessfully challenged in court.
Monday, December 24, 2007
Wednesday, December 19, 2007
Coolest Imaging and Social Technology EVER!
This is a video of a presentation from a conference in Monterey where new innovations in computer vision mashed-up social technology produce some AMAZING results. See more at http://www.ted.com
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