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All posts tagged "proposal"


Monday, February 11, 2008

Microsoft to Yahoo!: We're Not Giving Up!

Posted by Darius Wey in "Digital Home News" @ 07:30 PM

http://www.microsoft.com/presspass/...t-response.mspx

"Microsoft Corp. (NASDAQ:MSFT) today issued the following statement in response to the announcement by Yahoo! Inc. (NASDAQ:YHOO) that its Board of Directors has rejected Microsoft’s previously announced proposal to acquire Yahoo!: It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies. Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties. We are offering shareholders superior value and the opportunity to participate in the upside of the combined company. The combination also offers an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market. A Microsoft-Yahoo! combination will create a more effective company that would provide greater value and service to our customers. Furthermore, the combination will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising. The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!’s shareholders are provided with the opportunity to realize the value inherent in our proposal.""



Long story short, Microsoft is a little disappointed, but undeterred by Yahoo!'s rejection of the $44.6 billion bid, and seems intent on pressing on with the potential acquisition one way or the other. It's unclear what will unfold in the days ahead. We may see the initial bid get pushed to a staggering $57+ billion, or more realistically, we may see it stay as-is and go directly through the shareholders in an attempt to put pressure on Yahoo!'s Board of Directors. Get out the popcorn, folks. This is proving to be one exciting corporate tennis match.


Friday, February 1, 2008

Microsoft Proposes Acquisition of Yahoo!

Posted by Darius Wey in "Zune News" @ 06:30 AM

http://www.microsoft.com/presspass/press/2008/feb08/02-01CorpNewsPR.mspx?rss_fdn=Press Releases

"Microsoft Corp. (NASDAQ:MSFT) today announced that it has made a proposal to the Yahoo! Inc. (NASDAQ:YHOO) Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion. Microsoft’s proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock. The offer represents a 62 percent premium above the closing price of Yahoo! common stock on Jan. 31, 2008. "We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft. "We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners.""



2007 was a busy year for acquisitions, and 2008 looks to continue the trend if Yahoo! accepts Microsoft's acquisition proposal valued at $44.6 billion. Yahoo! offers some great services for desktops and mobile devices and there's huge potential in integrating these into Microsoft's arsenal of complementary and competitive offerings. But there's also the risk of Yahoo!'s services biting the dust if Microsoft fails to use them advantageously. Such flops have happened in the history of corporate mergers and acquisitions and there's always a chance it'll happen again.

So, Jerry, what's it going to be? Accept or reject? And for the rest of you, drop your thoughts on this possible acquisition in this thread.

Update: The word from Yahoo! so far has been nothing more than confirmation that an evaluation of the proposal is taking place and that it's being performed in the context of Yahoo!'s strategic plans and maximized long-term value for shareholders. Check out their press release, corporate blog post, and FAQ for more. We'll keep you updated with the latest as it occurs.


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