Google Doesn't Want To Be Yahoo's Ad Buddy Anymore
February 14, 2008 12:23 PM
comment(s) - last by
Yahoo CEO Jerry Yang has a lot on his mind. First he has to deal with the threat of Microsoft taking over his own company and secondly he has to deal with painful inside reports that Google is uninterested in an advertising alliance with Yahoo.
(Source: New York Times)
Sources close to Google indicate Google will reject Yahoo
The Google-Yahoo-Microsoft triangle is turning out to be somewhat like Adam Sandler's infamous "Love Stinks" song from the film the
Microsoft wanted Yahoo
Yahoo's board didn't want Microsoft
. After the rejection, Yahoo expressed interested in a Google alliance, but sources close to Google say that the company
isn't interested in being partners with Yahoo
anymore. Google just wants Microsoft and Yahoo to leave it
and each other
Microsoft is trying to force itself on Yahoo by bringing its bid directly to stockholders in an unsolicited buyout offer, in a
hostile takeover attempt
. To beat off Microsoft's ardent advances, Yahoo's board hoped to establish a possible advertising alliance with rival Google. However, inside sources now say that despite some minor initial interest, Google is unlikely to pursue a pact with Yahoo.
While Google refused to public comment on the issue, sources say that it is concerned that a possible pact would attract antitrust scrutiny in the U.S. and abroad, and thus its not interested anymore. Another unsaid factor may be that Google does not want to associate itself with sinking Yahoo, which is
laying off hundreds of workers
promising desparately to enact "big changes."
In a way Google doesn't need an alliance with Yahoo to get its share of advertising -- its already getting it, piece by piece each month.
With the prospect of a Google deal quickly unravelling, Yahoo has to resort to desparate measures like the
purchase of advertiser Maven
to try to avoid the Microsoft buyout. Veteran portfolio manager Bill Miller of Legg Mason Inc. thinks that it won't be enough and that Yahoo "is in a tough spot if it wishes to remain independent." His team thinks that Microsoft will likely up its offer slightly, and the shareholders will override the board decision.
Significant shareholders of Yahoo are also quoted by the
Wall Street Journal
as saying a deal with Microsoft was extremely likely, with one putting the probability at 95 percent. As these are the people who will be deciding the fate of the offer, this is a promising sign for Microsoft.
Amidst all the fuss, Yahoo quietly began to send out its layoff notices to the 1,000 workers losing their jobs. The layoffs were established before the Microsoft bid became public.
This article is over a month old, voting and posting comments is disabled
2/25/2008 10:23:29 AM
BTW can u speak my base language as good as I speak yours ?
That depends on how good is your Portuguese...
"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)
Who Needs Microsoft? We've Got Maven, Says Yahoo!
February 13, 2008, 5:26 PM
Microsoft Calls Yahoo Rejection "Unfortunate," Pursues Hostile Takeover
February 12, 2008, 10:11 AM
Yahoo Rejects Microsoft, Wants More Money
February 11, 2008, 11:49 AM
Google Plans To Fight Microsoft-Yahoo "Monopoly"
February 4, 2008, 10:37 AM
Microsoft Offers to Buy Yahoo for $44.6 Billion
February 1, 2008, 10:00 AM
Google plans ultra-fast wireless Internet for Research Triangle Park, N.C.
August 12, 2016, 6:30 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Most Popular Articles
5 Cases for iPhone 7 and 7 iPhone Plus
September 18, 2016, 10:08 AM
Automaker Porsche may expand range of Panamera Coupe design.
September 18, 2016, 11:00 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
No More Turtlenecks - Try Snakables
September 19, 2016, 7:44 AM
ADHD Diagnosis and Treatment in Children: Problem or Paranoia?
September 19, 2016, 5:30 AM
Latest Blog Posts
Who is in Risk of Getting Oral Cancer?
Sep 23, 2016, 6:02 AM
France Bans Plastic Eating Utensils in Restaurants
Sep 18, 2016, 10:49 AM
Progress Against Acute Myeloid Leukemia
Sep 17, 2016, 5:30 AM
Apple Watch Series 2 - Number 1 in the Customer Satisfaction.
Sep 7, 2016, 6:19 PM
First Self-Driving Car debut on the streets of Singapore
Aug 28, 2016, 4:10 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information