news.com — Yahoo shares took a hammering early Monday, falling 21.8 percent, to $22.41 per share in premarket trading, after Microsoft withdrew its unsolicited buyout bid over the weekend. On Saturday, Microsoft said the two companies could not overcome differences in opinion over the price of a potential acquisition.
May 5, 2008 View in Crawl 4
myztryMay 5, 2008
It doesn't such for everyone. Not everyone is a shareholder of either company.Microsoft becoming more powerful. THAT would suck for everyone...
f54280May 5, 2008
I am starting to get tired about the "shareholders are angry stuff". It was no secret that yahoo management didn't want the buyout to occur. So shareholders that did not agreed with that strategy should have done what any sane person would do:That is: sell.Anyway, there are a couple of painfully obvious stuff here. First, microsoft had no intend to acquire yahoo. They just wanted (and still want) to destroy them and grab their market share. The most efficient way to do that is to pretend to plan to buy a company. This way you can disrupt their strategy, and, if the deal go far enough, have access to a lot of internal information (which you can use to hire the key individuals, and/or destroy forthcoming project with fud announcements). Alas, we are not in the 90's anymore, and yahoo is not Borland (for instance).Another obvious thing is that the "shareholder are going to sue" is seen all over the press. One have to wonder who is spreading that fud message.A third obvious thing is that acquiring yahoo is not going to be done on price alone, because you have to please the major shareholders (insiders + venture capital) which are not you average i-am-going-to-sue-because-msnbc-told-me-to-do-that kind of people.Another thing is that the "drop" of this morning is very small: the shares are still way higher than they were Feb 1. If you look over the 3 month since the annoucement, MSFT is down 9.68% and YHOO is up 27.92%.Lastly, microsoft own shares were down after the announcement of the yahoo proposition (MSFT lost 20 billions $ market cap that week -- funny that no shareholders are planning to sue), and guess who the rumor is saying is busy buying back a lot of share during this period ? Yes, it looks like microsoft itself got a 3$ discount on its own stock. Next SEC filling will tell the truth on this (prev MS buyback were "only" at 1.2 billions). And yes, it means microsoft is making money scalping their own shareholders.
snotrokitMay 5, 2008
It's OK Yahoo, you can make it back, there are those of us out here that have faith in ya. My Zimbra servers still love you too!
bboy1977May 6, 2008
You do realize that Yahoo has already partnered with Google. Google has been displaying ads on Ask.com and yahoo search results for a while now.
Closed AccountMay 6, 2008
Despite the fact I like Yahoo, it is getting close to that point when they need to either start laying off a bunch of workers and restructure themselves, or they need to close up shop.
Closed AccountMay 7, 2008
vote! We already more than 50000 Is it true that hillari - idiot?<a class="user" href="http://cool-groove.blog.com/3090211/">http://cool-groove.blog.com/3090211/</a>