“Global giants including Apple and Rupert Murdoch’s News Corp are believed to be considering rival bids for the internet company Yahoo, which has received a $44.6bn (£22.6bn) offer from Microsoft,” Nathalie Thomas reports for The Scotsman.
“The conglomerate InterActiveCorp was another company named as a potential bidder for Yahoo, which is said to be unwilling to give in to Microsoft without a fight,” Thomas reports.
“After Microsoft’s chief executive Steve Ballmer made the offer in a letter on Thursday, it emerged that Yahoo had rejected a similar takeover attempt by Ballmer’s organisation a year before,” Thomas reports.
“Yahoo chief executive and co-founder Jerry Yang is understood not to be Microsoft’s greatest fan, and would be prepared to line up another ‘white knight’ rather than concede to Ballmer,” Thomas reports.
“It is believed he would be particularly open to a rescue bid from Steve Jobs’ Apple Corp, having openly expressed his admiration for the firm in the past,” Thomas reports. “Yang last year invited Jobs to Yahoo’s headquarters in Sunnyvale to give a motivational talk to staff.”
Thomas reports, “Recent figures show that Google dominates 66% of the global web search market. Yahoo and Microsoft are leagues behind with just 13% and 4% of the market respectively.”
Full article here.
[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]
Waste…
Yeah like that Zune thing. I’m sure they did it just to rock the Apple cart.
I see they’re discounting xbox to compete with Nintendo & Sony.
Are Micosoft in trouble.
I know nothing of stocks but how come Apple with a small user base is worth 130 a share (everyone took a dive, not just AAPL) and MS is worth only 30 a share, and has hovered around that for years?
Like I said I’m ignorant of shares, economics and math.
Why do people say things like –
“Apple haven’t got $44 billion to buy xxxx”.
These type of acquisitions are not made directly from the cash in their bank account or found down the back of the sofa, they are leveraged.
I would like to see M$ buy Yahoo! and choke on it!!!! – sorry Yahoo!.
@ ROADWARRIOR
‘Give the money back to the shareholders’ – man, I have waited a long time to see that thrown back at Dell!
Well said, Sir!
Lets hope that Micro$hit do buy Yahoo – within a few months they would be at 4% total share.
Remember that M$ cant do ANYTHING right – they have Ballmer in charge.
Ballmer = Apple’s best weapon for hitting 25% market share within 5 years.
What a beautiful appointment by that weeny Gates – he appoints the village idiot Ballmer! I love it!
Apple should buy Adobe and not bid on Yahoo because Yahoo its for microsofties,in my opinion i prefer Google.
Can’t blame Yahoo for trying to get out of this one.
I wouldn’t want to be “Ballmer’s Bitch” for eternity.
I’m not a member of .mac for the same reasons that everyone who IS always seems to be grumbling about. How much work would it take Apple to buy Yahoo for parts and rework that infrastructure into a vastly expanded .mac?
There must be something I’m missing here since no one else has mentioned this idea and I know many of you have been down on .mac.