Tag Archives: yahoo

Internet, News

Microsoft-Yahoo Affair : End Of Story?

yahoo-microsoft Alright, so Microsoft has officially backed off from bidding on Yahoo, after a roller coaster of ups and downs, that started with an official offer to buy the company for $44.6 Billion, price that reflected $31 per share, back in February. The generous bid has never made any impression on Yahoo’s management, as the company’s directors has officially decided to turn off Microsoft’s hostile acquisition, claiming the bid is substantially lower than its real value, and whoever wants to buy them should hit $40 per share, meaning extra $9 to Steve Ballmer’s offer. Still, Microsoft clutched to its original bid (desperately trying to stay a major internet player in the growing online advertisement and searching markets) and considered an hostile takeover, by pursuing Yahoo share holders, but at the end of the day, after taking off their threatening suit, the Redmond’s were willing to raise the bid to $33, which was rejected by Yahoo as well and lead to today’s proposal withdraw announcement.

“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” said Ballmer.

Again, that wasn’t much of a squall to Sunnyvale, as Yahoo’s CEO, Jerry Yang, has apathetically responded:

…”With the distraction of Microsoft’s unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users.”

End of story? I’m not so sure, Temporary cease-fire? definitely yes.

[via Microsoft]

Accessories, Video

Creative Introduces a New Webcams Lineup For Notebooks

Creative unveils 4 new Plug n Play webcams for your notebooks, with built-in microphones and a sleeky design. The new Live! Cam series includes the Notebook Pro VF0400, Notebook Pro VF0250, Notebook, and the Notebook Ultra models. The one that has captured our eyes was the Live! Cam Notebook Ultra with a true 1.3 megapixel resolution and up to 5 megapixel image capture still. The Live! Cam Notebook Ultra supports a Wide-Angle Precision Lens, smooth full-motion 30fps digital video streams, a Smart Face Tracking function, 240 degrees swivel rotation, a strong PowerGrip to fit your lappy, a special effects add-on, and a hands-free stereo headset in the bundle, to speak with your friends on Skype, Windows Live Messenger, Yahoo! Messenger and other compatible messaging services. If you like the new Live! Cam Notebook Ultra, like we do, you can get yours for merely $120.

Creative-Live!Cam-Ultra

[via Creative]

Internet, News

Yahoo! Officialy Rejects Microsoft's Bid But The Story Isn't Over

yahoo-microsoft Yahoo’s board of directors officially decided to turn off Microsoft’s hostile acquisition offer for 44.6$ Billion, price that presented $31 per share, a week ago. The rejection adds 2% to Yahoo’s share, 0.2% to Google’s share and -2% reduction on Microsoft’s share. In a press release, Yahoo says the bid is substantially lower than its real value and refuses to consider any offer under 40$ per share.

…”Yahoo! Board of Directors has carefully reviewed Microsoft’s unsolicited proposal with Yahoo!’s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and our stockholders.”

“After careful evaluation, the Board believes that Microsoft’s proposal substantially undervalues Yahoo! including our global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unconsolidated investments.”

Continue reading Yahoo! Officialy Rejects Microsoft's Bid But The Story Isn't Over →

Internet, News

Microsoft Wants To Acquire Yahoo For 44.6$ Billion

2 Comments

Rumors come true, Microsoft submitted an official offer to buy Yahoo for $44.6 Billion, price that presents $31 per share, 62% over Yahoo’s closing price, 19.18$. Microsoft is making tremendous efforts to carry out this deal, in order to stay a major internet player and to be able to compete Google in the growing online advertisement and searching markets. Microsoft CEO, Steve Ballmer said: “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.” The bid was submitted after Yahoo announced the cutting of 1,000 jobs and reported 8 consistent quarters of dropping shares value. With the anticipation for a difficult year, Yahoo’s board of directors might accept the offer, though we hear the company is not in a rush. Yahoo shares responded with increasing of 47.9%.

Update: Google is reluctant with current developments. Senior VP for Corporate Development and Chief Legal Officer, David Drummond, has just posted a preliminary comment in Google’s official blog, attacking Microsoft for the hostile bid to acquire Yahoo and raises troubling questions:

“Could Microsoft now attempt to exert the same sort of inappropriate and illegal influence over the Internet that it did with the PC? While the Internet rewards competitive innovation, Microsoft has frequently sought to establish proprietary monopolies — and then leverage its dominance into new, adjacent markets.”

And more:

…”Could a combination of the two take advantage of a PC software monopoly to unfairly limit the ability of consumers to freely access competitors’ email, IM, and web-based services? Policymakers around the world need to ask these questions — and consumers deserve satisfying answers.”

 

microsoft-yahoo