Today, a letter was sent out in response to Microsofts letter. CLICK HERE to read more. -What do you think will happen?
No Kodut, I went to ballmer's e-mail address and copy and pasted it. Sorry for the sarcasm... I'm bored
Microsoft isn't giving up. They're going directly to Yahoo shareholders, and hopefully overthrowing the board's decision. Not good.
hope that this will be if it does an excellent show/job this time! Seem not easy now or win the showhand happily at the end! if not, the buy/sell story will still go on !!!! mattcch_2007
Not good for Yahoo board members but good for the shareholders, a good opportunity to realize their investment in a company that's underperfoming.
I think yahoo won't be sold. They can earn a lot of money in just a day. And it is the largest network in the industry. But its not that impossible for it to be sold. Well Good luck with Microsoft!
Yeap Microsoft is basically telling Google it has lost its patience and will do a hostile take over that may even cost it less than what it was initially paying Yahoo. At least it gets Yahoo's attention this time round. Hopefully Yahoo respond positively. Their search for partners doesn't yield anything and their projections for the future seemed to be more sci fi.
Not this time round, Yahoo was telling Microsoft that the offer was too little, it was no flat rejection as compared to the previous time.
Im wondering- how do hostile takeovers work when the existing owners have right of first refusal. Don't they?
What do you guys use? Google Yahoo or live? Most of the people i've asked this question say google... so even if microsoft bought yahoo it wouldn't make much of a difference.
For a publicly listed company, the existing owners are those who hold the shares of the company, for most company, one share is one vote, this is exceptional for Google only for the normally traded shares are "A" shares those that are limited in the rights to vote compared to the shares being held by the owners. For Yahoo wise, if the normal share holders find the offer by Microsoft attractive, they can opt to sell to Microsoft and Yahoo's board may find themselves ousted if Microsoft garner enough of the shares.
Yes, it is. I think the letter is posted anywhere in the blogs and in a news site. BTW, I think Microsoft's offer is not that appropriate. Yahoo has made a lot of money throughout the internet. And rules in the industry. Anyway, I've heard that the bid from Microsoft will end this coming April 26. but seems like Yahoo's answer is fast. And well, in short, they are saying NO. But for sure, Microsoft won't give up. He will still BID yahoo and throw out his money he got. LOL. Maybe on the release of Windows 7, after a year or month, he will have a higher bid for Yahoo. That's in my own opinion. |Robert|
I would beg to differ on that based on the following 1. Microsoft offer was at a 62% premium over the share price of Yahoo, for eg, before Microsoft offer, you can sell your Yahoo share at $18/share, Microsoft said they will pay $30. 2. Yahoo board had no competing offers that could even match Microsoft's offer. 3. Yahoo Financial advisors recommend the board to accept the offer. All these points to the fact that Microsoft had indeed given a good offer but it was rejected with Yahoo announcing new initiatives that made far reaching claims on the increase in future profits. Under such a circumstances, what Microsoft would have done is to do a hostile takeover, given that they had waited and as the market had really deteriorated, it is expected by Microsoft as well as independent analysts that Microsoft could get Yahoo at a cheaper price than what they had initially wanted to pay for.