backtop


Print

Amid confusing developments Microsoft insists that its bid for Yahoo was anything but unequitable

"We believe we have made a very fair offer to Yahoo. Now it is up to the Yahoo board to decide."

Microsoft's Kevin Turner made the above statement to reporters at a news conference in Mumbai.  The conference was intended to focus on the launch of strategic initiatives with India's HCL Infosystems, but the topic of discussion predictably shifted back to the ongoing Microsoft and Yahoo drama.

"The bid is a tactic and a strategy towards becoming a world class digital advertising company. With or without the acquisition we are committed to becoming a world class digital advertising company," continued Turner.

Microsoft CEO Steve Ballmer recently announced that if Yahoo did not accept its offer within three weeks it would attempt to wrest control of the company from the board with a proxy battle and might lower its offered price of $42.4B USD.  Yahoo's refusal and demands for more money indicate clearly that it may be headed for a showdown with Microsoft.

Further complicating matters is Yahoo's new ad deal with Google and its possible merger with AOL.  Of course the merger would have to be approved by Yahoo's board, so if Microsoft deposes the board, it might still have its way with the company.

Turner would not comment on reports from the The New York Times that Microsoft was considering a new higher co-bid with New Corp., Rupert Murdoch's media giant, which owns Myspace.com.

Yahoo and AOL have both been criticized as floundering businesses and analysts are skeptical a merger of the two sinking boats would produce anything but a larger sinking ship.  On the other hand, many observers also have been rather scathing when asking why Microsoft has thus far, with all its resources, been unable to produce quality online offerings, or a strong search platform. 

Many analysts think that adding the struggling Yahoo may help, with market share if nothing else, but some remain skeptical of the long term benefits of a merger.





"I want people to see my movies in the best formats possible. For [Paramount] to deny people who have Blu-ray sucks!" -- Movie Director Michael Bay






Most Popular ArticlesASRock Z370 Killer – Powerful VR Ready Motherboard
November 30, 2017, 7:15 AM
Comcast xFi Advanced Gateway Modem/Router
December 6, 2017, 6:30 AM
OnePlus 5T - Star Wars Limited Edition
December 3, 2017, 6:35 AM
Harman Kardon – Home Speaker with Cortana
December 5, 2017, 5:55 AM
Samsung Galaxy A8+ - Leaked Images Online
December 2, 2017, 9:20 AM







botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki