Rumor: Is Yahoo Holding Out For More?
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The newest addition to the developing story on Microsoft’s bid for Yahoo is a rumor that Yahoo’s board is planning on rejecting Microsoft’s offer because it “massively undervalues” the search engine company. According to an article on The Wall Street Journal, Yahoo wants Microsoft to increase its offer of $31 a share to $40 a share. This is certainly possible but Microsoft will probably increase it’s offer to a figure lower than $40 a share.
The press for a higher bid will determine whether Microsoft is willing to spend more to avoid going through a hostile takeover. What’s interesting, is a part of Steve Ballmer’s original letter to Yahoo’s board highlighted by the WSJ post, which states:
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.”
Some analysts would say this: Microsoft needs Yahoo to catch up to Google, Yahoo needs Microsoft to catch up to Google. The only question now is, “How much will the final figure be?”
What do you think?
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February 12th, 2008 01:35
I think the competition will be good for all of us. I use Yahoo quite often, including some of their related search engines such as altavista. I do not however use microsoft’s search engine.
The truth is, there is no way to tell if it would be good or not; I’m not 100% sure if it would be a good idea for yahoo to sell.
My only hope is that it helps us bloggers in a good way, I think we are the most important people on Earth…haha!
Bobby Revell’s last blog post..Bobby’s Batch #6 - Blog Birthday
February 12th, 2008 03:23
I just commented about that on Flickr this morning! Of course they are gonna hold out for More $$$! No Company ever takes the First Offer! Just about Every Buyout results in the Pot being Sweetened by several Million or maybe in this case Billions!!
It’s just a shame that it’s MicroPOOP Buying - they are thee Crappiest Greediest Monopolistic Co. on the Planet!
In fact we all owe a Huge Debt of Gratitude to Google + Flickr + all the Smart Innovative Web2.0 Co.’s who FREED us from the Shackles of MicroPOOP!!!
;))
BillyWarhol’s last blog post..Timothy Ferriss - test driving the Audi R8 supercar - 20 minutes before
February 12th, 2008 03:40
I think it is intriguing to watch how Google is reacting. The reaction, to me, could only show that they are at least a little worried about their own market share. Now that’s cool.
Just think back when AltaVista thought they had search in the bag.
Stephan Miller’s last blog post..Keyword Research Cheat Sheet
February 14th, 2008 00:02
[…] acquired video advertising company Maven Networks Inc. to the tune of $160 Million. While the board deliberates on Microsoft’s offer, Yahoo’s latest acquisition has turned Maven into a subsidiary owned by the search engine […]
February 14th, 2008 15:15
@Bobby:
I think you touched on the most important part. I agree 100%
@Stephan:
Heh I remember. It was Altavista, Lycos, and another one I can’t remember the name.
@Billy:
LOL … long time no see buddy!
March 12th, 2008 13:43
Yahoo are definitely holding out for more. They know what buying Yahoo would mean to Microsoft and as such they want to get the price they deserve.
Technology Slice’s last blog post..Brittany Spears