“Yahoo! Inc., the world’s second most popular Internet search engine, plans to reject Microsoft Corp.’s $44.6 billion unsolicited takeover offer, the Wall Street Journal reported, citing a person familiar with the situation,” Ari Levy reports for Bloomberg.
Levy reports, “The board decided the price ‘massively undervalues’ the Sunnyvale, California-based company, and Yahoo may face risks because regulators could oppose the combination, the newspaper said today. On Feb. 1, Microsoft offered $31 a share in cash and stock for Yahoo, 62 percent more than the price before the bid.”
“Chief Executive Officer Jerry Yang, who said this week that Yahoo is examining its options, may consider a partnership with bigger rival Google Inc. or ways to wrest a higher offer from Microsoft,” Levy reports.
“Yahoo might seek help from rivals, soliciting other bids or seeking partnerships with Rupert Murdoch’s News Corp. or Google to thwart Microsoft, according to analysts including Stanford Group Co.’s Clayton Moran,” Levy reports.
“The New York Times reported Feb. 4 that Google CEO Eric Schmidt contacted Yang to suggest a partnership between their companies,” Levy reports.
Full article here.
[Thanks to MacDailyNews Reader “Ampar” for the heads up.]
GOOGLE!!!!!!!
*throws chair*
Everybody hates M$. Don’t you just love it.
How long before MDN starts using the phrase, “beleaguered Microsoft?”
<i>Yahoo may face risks because regulators could oppose the combination<i>
Um, you mean the same regulators who wouldn’t do anything about MS’s existing monopoly and blatant abuses?
This is just posturing by everyone involved. Ballmer will pay whatever it takes to land Yahoo. The more MS has to borrow, the better.
Aw hell, I wanted to see MS waste all that money. It would have sped up the downward spiral nicely.
ChrissyOne — exactly.
$44.6 billion is a large amount of money — even for Microsoft. Considering nearly everything Microsoft gets involved with fails, the Yahoo takeover would essentially be the same as Microsoft flushing $44.6 billion dollars down the toilet. I was looking forward to it.
Oh well…
“The New York Times reported Feb. 4 that Google CEO Eric Schmidt contacted Yang to suggest a partnership between their companies,” Levy reports.”
I think this is a great idea – there should be an anti-MS cartel, involving Yahoo, Google, Apple, Sony, Sun, etc…
Divide and conquer, unite and rule!
@ AshNazg
There’s still hope, maybe they’ll bid it up a bit more. Do I hear 50?
Go beleaguered Microsoft go!
How would a Google/Yahoo partnership help Apple?
Hey can this change the value of money etc?
when the $44 B is a waste of time and is wasted.
Perhaps we could have a Better economy.
PS: Can Apple please invest in NZ with a store.
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I’m all for Microsoft going bankrupt, but not at the expense of destroying another company that doesn’t deserve it.
I would like Yahoo to remain an independent company.
Yahoo’s stubbornness will be their downfall. You had your chance, Yahoo, and now you will pay dearly for your obstinacy. I wouldn’t want to be Yahoo or Google right now as MSN will come back bigger and stronger. Prepare yourselves for the flood of magnificent customer-focused innovation soon to be unleashed from Redmond under the ‘Live’ banner. Those of us who proudly stand by Microsoft will be richly rewarded. I can’t wait.
These Yahoo dorks remind me of the MAC sheep who think they can get along without Microsoft. How wrong they are. Those who spurn the coveted Microsoft brand will be in a world of hurt, and in short order. You Yahoo fans and MAC lemmings really think a bunch of also-rans can unite and put a dent in mighty Microsoft? Prepare to be steamrolled by the Redmond machine. You have been warned.
Your potential. Our passion.™
um yeah .
Any single girls want to be my girlfriend, Would be cool.
Now that we’re friends with Yahoo, the old Arabian proverb comes to mind, “The enemy of mine enemy is my friend.”
@ ZuneTang
Not bad, not bad at all. Thanks or the smirk.
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I’m shakin’ in my boots….
@ marcos
Yahoo Messenger in iChat?
I too hope that this takeover occurs, but that Microsoft is forced to significantly increase their bid in order to make it happen. That would definitely hasten Microsoft’s eventual (and much deserved) downfall.
Your frustration. Our fault.™
Exactly what does Yahoo have that makes it worth more than the Sonic about 5 blocks from here? I see the value on Google, Apple, even Microsoft. I don’t Yahoo, don’t like yahoos, do not wish to be a yahoo or have any in close proximity.
Like ChrissyOne (The One & Only), I was kind of hoping the Micro$oftopoly was going to throw away a truckload of Microsoft-Tax money on this wasted venture that is an answer to the question nobody is asking. They deserve each other.
RE: “the old Arabian proverb comes to mind, “The enemy of mine enemy is my friend.”
Makes sense if you have a 7th century medieval mindset like they do.
You just can’t keep track of who is friends with whom, and for how long.
Hope Yahoo thinks it through and realizes that your “friend” of today could be your enemy of tomorrow.
@Educate Me
“Exactly what does Yahoo have that makes it worth more than the Sonic about 5 blocks from here?”
1. The second-largest email provider
2. The second-largest search engine
3. One of the largest IM networks
4. The most popular photo website
Whether you like those or not, they’re worth $$.
I’d rather see Yahoo hook up with Microsoft than Google. Let’s not be so quick to build the next big monopoly:
What’s Worse Than Microhoo? Yahoogle!
I dont think ZT is actually a person… just an automated service. Mix it up dude, be Motorola for a day or something… or Dell – that would be fun
Is the world ready for GooHoo?
“Mix it up dude, be Motorola for a day or something… or Dell – that would be fun”
Holy shit! If you get to choose, be Gisele Bündchen for a day. I’d have to fake a sick day for that.