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Microsoft withdraws offer for Yahoo

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JanErikFl (55 posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 08:27 PM
Original message
Microsoft withdraws offer for Yahoo
Edited on Sat May-03-08 08:27 PM by JanErikFl
Source: Reuters

SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) has withdrawn its offer for Yahoo Inc (YHOO.O) and does not plan to go hostile, a person familiar with Microsoft's thinking said on Saturday.

Microsoft raised its offer by $5 billion to $33 a share, but Yahoo wanted $37 a share, this person said.

Microsoft Chief Executive Steve Ballmer has sent a letter to Yahoo Chief Executive Jerry Yang withdrawing the offer, the person said.



Read more: http://news.yahoo.com/s/nm/20080504/bs_nm/microsoft_yah...
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   Replies to this thread
   !  HypnoToad   May-03-08 08:27 PM   #1 
   Sounds like the right decision.  gristy   May-03-08 08:33 PM   #2 
   Yahoo will go back to 20$/share soon  ckramer   May-03-08 08:35 PM   #3 
   That sounds right to me.  Warren Stupidity   May-03-08 09:55 PM   #5 
   I hope that is the Last, Final, and FinallyLast word on this. nt  paparush   May-03-08 09:26 PM   #4 
   It will have to happen eventually.  techtrainer   May-03-08 10:15 PM   #6 
      Yeah, when Yahoo's stock falls back below $20 and Yang is run out of town on a rail..  paparush   May-05-08 02:00 PM   #12 
   THANK GOD.  cliffordu   May-03-08 10:38 PM   #7 
   What most people don't realize...  dbonds   May-03-08 10:39 PM   #8 
   Good. Fuck Microsoft. nt  onehandle   May-04-08 12:42 AM   #9 
   Pity the suckers who bought Yahoo a few weeks ago!  Teh_Rabble_Rouser   May-04-08 12:53 AM   #10 
   This is very bad news. This means Rupert Murdoch's NewsCorp will buy it.  IanDB1   May-04-08 08:35 AM   #11 
 
Deja Q Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 08:27 PM
Response to Original message
1. !
At least there was no attempt at a hostile takeover. I do not believe it would have gone through.
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gristy (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 08:33 PM
Response to Original message
2. Sounds like the right decision.
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ckramer (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 08:35 PM
Response to Original message
3. Yahoo will go back to 20$/share soon

The shareholders will be mad.
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Warren Stupidity Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 09:55 PM
Response to Reply #3
5. That sounds right to me.
msft was going to drastically overpay for an asset that is diminishing in value.
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paparush Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 09:26 PM
Response to Original message
4. I hope that is the Last, Final, and FinallyLast word on this. nt
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techtrainer (72 posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 10:15 PM
Response to Reply #4
6. It will have to happen eventually.
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paparush Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Mon May-05-08 02:00 PM
Response to Reply #6
12. Yeah, when Yahoo's stock falls back below $20 and Yang is run out of town on a rail..
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cliffordu Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 10:38 PM
Response to Original message
7. THANK GOD.
Fuck microsoft and double fuck ballmer
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dbonds (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat May-03-08 10:39 PM
Response to Original message
8. What most people don't realize...
is Yahoo has a Web 2.0 platform that is pretty nice - although not the only platform in town. MS would be paying mostly to get a jump start on that technology. Although google has done a lot of work in that area too, as well as jquery. I still think extjs should be the class library though.
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onehandle Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-04-08 12:42 AM
Response to Original message
9. Good. Fuck Microsoft. nt
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Doctor Cynic (956 posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-04-08 12:53 AM
Response to Original message
10. Pity the suckers who bought Yahoo a few weeks ago!
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Ian David Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-04-08 08:35 AM
Response to Original message
11. This is very bad news. This means Rupert Murdoch's NewsCorp will buy it.Updated at 12:21 AM
As soon as it looks like that is going to happen, it's time to disband your Yahoo groups and unsubscribe from everything to protect your privacy.
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DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Nov 21st 2009, 03:12 PM
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