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Microsoft Talking to Companies About Joint Yahoo Bid
The Wall Street Journal reports that Microsoft is talking to Time Warner Inc. and News Corp., among others, about joining it in a deal that would effectively lead to Yahoo's breakup. Microsoft, along with other allies like Time Warner Inc. and News Corp., each buy a piece of Yahoo! Inc. Microsoft gets the search business, and the others get bits and pieces of other Yahoo assets.
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Yahoo Rejected $40 Microsoft Bid In January
Delaware Chancery Court Judge issues ruling to unseal court documents realted to a Yahoo shareholder lawsuit. The documents show that Yahoo rejected a $40 per share offer from Microsoft in January. And that Yahoo cooked up a costly severance plan to make a Microsoft takeover unfeasiable.
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Yahoo Deal Coming Soon
End of the road for Yahoo! Inc. as a seperate entity and it's time to put your money where your mouth is. Here's what's going to happen pretty soon. The Yahoo Board and Microsoft will announce a Microsoft buyout of Yahoo for either $34 or $35. Why now? The Yahoo board meeting isn't till the end of July. Is Yahoo throwing in the towel?
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Festival Of Stocks
Mix of investing articles. stock analysis, forex techniques, personal finance and others.
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Google Having Second Thoughts About Yahoo Ad Deal
The only reason Google agreed to do it was to try and help Yahoo fight off the advances by Microsoft. Since Microsoft has now withdrawn from the offer (at least on paper), the basic reason for Google having to help Yahoo is no longer there. Also, WSJ report says that people at Google are worried about Google having to share advertising related data with Yahoo.
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Microsoft Withdraws Its Bid for Yahoo
New York Times - Microsoft said it was abandoning its blockbuster bid to acquire Yahoo after the two companies could not agree on a price. At the meeting, which also included Yahoo’s other co-founder, David Filo, and Kevin Johnson of Microsoft, Mr. Ballmer increased Microsoft’s offer to $33 a share, but Mr. Yang said Yahoo would not sell for less than $37 a share.
Microsoft Source Says May Reduce Bid - Yahoo Shares Down
Associated Press - A person familiar with Microsoft's bid for Yahoo says the software company is evaluating its offer in light of the economic climate and the Internet pioneer's deteriorating business. Yahoo fell nearly 5% in after hours trading.
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Detroit Pension Funds Sue Yahoo
Detroit's police and fire department retirement system as well as the city's general retirement system filed suit against Yahoo! Inc. for rejecting the Microosft bid and in doing so, says the suite, acted against the fiduciary interests of shareholders.
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