When is 50 Billion Dollars Not Enough

Microsoft Yanks Bid For Yahoo

Published on May 4, 2008 By Hankers In WinCustomize News

Software giant Microsoft has walked away from its bid to buy Yahoo, saying the latest asking price of US$53 billion, or $37 per share, is too high.

The decision came after Saturday morning talks between Microsoft chief executive officer Steve Ballmer and Yahoo chief executive officer and co-founder Jerry Yang.

"Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer," Ballmer said in a statement late Saturday.

Do you believe the offer was fair? Not Enough? Shouldn't have been offered in the first place?

Who is the winner and who is the loser?

Link

Comments

ShelbyGT_The_Car

on May 04, 2008

Yahoo has done what is expected it would do. Jerry Yang feels his development will help carry things into the next futures for Yahoo. Whatever they may be at that too. I've seen all kinds of new stuff relating to microsoft research with yahoo developers. Which can only mean Yahoo will survive all of this without having Microsoft running things directly. Very good news article Hankers! Thank you for posting this one. SGT

ShelbyGT_The_Car

on May 04, 2008

A very good "Article" Hankers!
Thank You for posting such...

SGT

vStyler

on May 04, 2008

I'll let go of Maxstyles.com for 1 Billion... Email for details.

pjdark

on May 04, 2008

yeah it's just not enough. *sigh*

ArileenDesign

on May 04, 2008

hum interesting

Thanks Hankers

jackyjoe

on May 04, 2008

I wonder how the stock holders felt about Yahoo's refusal? Yahoo's stock price will drop below what it was when Microsoft made it's initial offer and we will see a hostile takeover. Although Yahoo has offered some innovative ideas, they have lacked the marketing to reach the consumers. Their website and IM hasn't changed in years. Rather then go the way of AOL, they will be working for Microsoft within the next year.

Astyanax

on May 04, 2008

wonder how the stock holders felt about Yahoo's refusal? Yahoo's stock price will drop below what it was when Microsoft made it's initial offer and we will see a hostile takeover.

Im sure thats exactly why Microsoft decided to not even persue the offer any further. To be honest I don't see why they didn't just go for a hostile takeover anyway.

JMB1984

on May 04, 2008

My take... Yahoo is the loser any way you cut it, and Microsoft is the winner, in that it didn't have to have this ridiculous deal go through. I don't know what they had in mind? But I couldn't possibly imagine that deal ending up with a positive result

zxtt

on May 04, 2008

Wonder how Yahoo shareholders are going to feel when the reality of a $20 stock heading to $15 hits them. I love this "undervalued" talk - you are worth what everyone agrees you're worth, and that's < $20.

Chasbo

on May 04, 2008

Too bad for Yahoo stockholders. If I were one I'd be pissed. Yahoo really messed up this time. LOL!

DonDodds

on May 04, 2008

"Undervalued" is such a ludicrous term, especially for stock prices. Physical items can have personal value above and beyond their raw cost of materials, labor, and profit margin, but a stock is worth whatever people are willing to pay for it, no more, no less.

killajosh

on May 04, 2008

I think Yahoo screwed-up big time with this one. $53 million? Who can blame MS for backing out? I hate it for Yahoo's share-holders, though. They lost out big time on this one......

scorpNZ

on May 04, 2008

killajosh don't you mean 53 billion,microsoft would use a measley 53 million as toilet wipes for it's employees,i know for a fact Bill Gates uses gold leaf to wipe his butt

MarkSnyder61

on May 05, 2008

I think MS is the big winner here. Yahoo is not worth 53 Billion!

Welcome Guest! Please take the time to register with us.
There are many great features available to you once you register, including:

Richer content, access to many features that are disabled for guests like commenting on the forums.
Access to a great community, with a massive database of many, many areas of interest.
Access to contests & subscription offers like exclusive emails.
It's simple, and FREE!