“Citigroup said it is likely Microsoft Corp. will raise its $31-per-share offer for Yahoo Inc. and upgraded Yahoo shares to ‘buy’ from ‘hold,'” Jennifer Robin Raj reports for Reuters.
Raj reports, “The brokerage also raised its price target on Yahoo’s stock to $34 from $31, saying it believed Microsoft remained committed to its offer and ‘is capable of and willing to’ increase that bid to conclude the deal. ‘While we continue to see no other competing bidders, we believe Yahoo is aggressively pursuing strategic alternatives,’ analyst Mark Mahaney said in a note to clients.”
Full article here.
They do not know how make a good software, but they do know how to make money.
MS makes great money selling awful software that nobody wants. Yes, it’s crazy.
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There’s no genius in milking licensing fees off an entrenched user base. If someone doesn’t wanna toe the line, just send in the BSA/Gestapo. Not even Gotti or Capone had it that easy.
I used to have a Flickr account, then Yahoo bought it. I still have the account, but have quit using it – plenty of other alternatives out there for photo-socializing, believe me. When MS buys Yahoo, I’ll dump Flickr and my yahoo email acct as quick as I dropped my old Hotmail account once it became poisoned by MSN. I still have gmail and several others to keep me going. I chose a long time ago to not use MS based website portals or AOL (whole ‘nuther story,) and that’s not going to change whether they buy Yahoo or not. Only good that can come of this is maybe I can make some money off Yahoo stock if MS ups their offer. Bring it on!
Microsoft is seriously f**ked up.
So they will buy Yahoo and then Yahoo will be seriously f**ked up.
And no-one cares. LOL!
wouldn’t it be funny if the only way ms could get some vision for the future if they sold the company to Apple… in about ooo a year say? when their stock is worthless, etc.
Imagine the cheer lol