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As a response to Yahoo!’s rejection, Microsoft has issued a statement and it seems as if MS is planning to bypass Yahoo’s board decision and make a hostile bid. Here’s an excerpt from their response:
“The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, 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”
Yahoo!’s board must be breaking their heads right now, trying to figure out a way to evade Microsoft. On the other hand, Microsoft finds Yahoo!’s juicy assets to be tempting, and they are willing to put all their efforts to grab Yahoo! They’ll possibly be slapped with antitrust issues from Department of Justice, which means they still have a long way to go before stealing Yahoo!
[Source: DailyTech]
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wrote, on February 13th, 2008
I don’t think this deal is a good idea for Microsoft; there are so many overlapping products/services that they’ll have to close down! plus, Google will never let this happen! I think MSN should try to do something innovative than try going after Yahoo!
-Mansi
http://ideasandgadets.blogspot.com
wrote, on February 13th, 2008
MS should be stopped anyhow in favor of internet.
wrote, on February 14th, 2008
Sounds like this is going to be a long and drawn out battle. Maybe Microsoft would be a threat to Google finally. Probably not.
wrote, on February 14th, 2008
I wasn’t sure if Microsoft would continue to pursue Yahoo!. I am a little suprised.
wrote, on February 14th, 2008
It sounds like it’s sleeting, but every time I turn on the outside light & look, nothings happening.
wrote, on February 15th, 2008
This is getting interesting day by day. I did not think it would take that long for this deal to happen.
wrote, on February 15th, 2008
I believe if google acquires yahoo. Yahoo’s existing services will become really cool due to google’s kind of AJAX based web design and integration with search
I have a blog at http://www.techtola.com
Please tell me what you feel
wrote, on February 15th, 2008
hey thilak. this “Fahad” guy above me is not me. Why is he using my name???