Print 68 comment(s) - last by kontorotsui.. on Feb 2 at 10:34 PM

Microsoft offers to buy Yahoo--again

In the world of Internet search there are three main players: Microsoft, Yahoo and Google. While Google excels, the other two members of the big three are seeing their market share drop and Yahoo is having serious financial woes.

According to MSNBC, Microsoft sees this as the perfect chance to buy the floundering Yahoo property and gain some ground on the 600-pound search gorilla Google. Microsoft made an offer to purchase Yahoo for $44.6 billion and according to some the purchase could be a boon for the entire technology market. The Microsoft offer raised Yahoo stock prices by 54%.

The Microsoft offer places a 62% premium on the Yahoo stock closing price from Tuesday and the 52 week high for Yahoo stock was $34.08 in October. MSNBC reports that Microsoft offered to buy Yahoo last year and CEO Ballmer sent a letter to the Yahoo board. The Yahoo board at the time declined the offer. Ballmer told MSNBC, “According to that letter, the principal reason for this view was the Yahoo board's confidence in the "potential upside" if management successfully executed on a reformulated strategy based on certain operational initiatives, such as Project Panama, and a significant organizational realignment.”

According to sources, shareholders of Yahoo could choose cash or stock in the form of Microsoft common shares. The total purchase of Yahoo would be made with 50% cash and 50% stock. Microsoft is reported to expect a $1 billion cost savings from the merger and says it will offer significant retention packages to key Yahoo employees, engineers and managers.

Yahoo is in the process of restructuring its online business and announced earlier this month that it would be making big changes to gain market share. Part of the big changes Yahoo made was to cut jobs in an effort to cut expenses.

DailyTech reported that rumors were circulating that Yahoo could potentially lay off as many as 2,000 workers -- a figure an insider denied saying the actual number of jobs likely to be lost was more in the hundreds. A few days after the company insider said job cuts in the hundreds, Yahoo cut 1,000 jobs and announced its profits had fell by 23%.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: Merge
By FITCamaro on 2/1/2008 10:53:22 AM , Rating: 2
Actually at work my mom rarely uses Google. She's a pharmacist and I guess their search isn't great for finding info on drugs and other things pertaining to her job. I think she uses Yahoo.

RE: Merge
By jtesoro on 2/1/2008 11:16:29 AM , Rating: 2
I use Scroogle, which is actually Google. Without the cookies... without the ads... without the tracking.

RE: Merge
By Spivonious on 2/1/2008 1:53:33 PM , Rating: 2
I'm pretty sure the tracking is internal to Google, so anything that uses Google will also have the tracking.

As far as not having the cookies, just block them.

RE: Merge
By jtesoro on 2/2/2008 1:01:03 AM , Rating: 2
Well, if Scroogle is to be believed, Google won't even be able to see my I.P. address. All searches will seem to emanate from Scroogle servers, so a search can't be tied to a single individual. Regular deletion of logs and Google cookies on Scroogle servers further removes any association between a search and an individual PC.

RE: Merge
By Malhavoc on 2/1/2008 11:35:09 AM , Rating: 2
Google Scholar is a little more useful than default engine for such things. Add in Google Books and even better. I've not used Yahoo much since the days of Infoseek, when both had their purpose for me (one search engine, one directory).

Perhaps I should check it out again, but I see all the annoying crap other than the search engine on the page and I can't take it seriously.

RE: Merge
By rudy on 2/2/2008 2:26:27 AM , Rating: 2
Finally someone else who feels the way I do. Google was good when it started because most of its users were more inclined. Now that it has become the search engine of the masses it has gone down hill. This is because it factors in what people are looking for and clicking on to rank searches. When everyone started using the internet they swayed that to the crap they were looking at and more people where trying to exploit ranking as well. The good old just match up the words you are looking for works better now IMO.

"This is about the Internet.  Everything on the Internet is encrypted. This is not a BlackBerry-only issue. If they can't deal with the Internet, they should shut it off." -- RIM co-CEO Michael Lazaridis
Related Articles
Yahoo Trades Pink Slips for Greenbacks
January 22, 2008, 4:24 PM
Yahoo to Make Big Changes
January 16, 2008, 12:16 PM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki