Microsoft has not given up it’s fight to purchase 2nd largest internet search provider Yahoo. For those of you keeping score at home, Microsoft’s original offer of $44.6 billion or $31 per share was rebuffed by Yahoo, as they felt it significantly undercut it’s value. Yahoo then made a counter offer of $40 per share and Microsoft as expected rejected that offer. Then we heard that Google might be interested in working out some type of partnership with Yahoo, but this was an obvious ploy to keep the company out of the hands of Microsoft.
Now we hear that News Corp (FOX) is also interested. It appears that Microsoft is set to drop the hammer by starting a proxy fight to acquire Yahoo. Why does Microsoft so desperately want Yahoo? Well, when is the last time you used MSN as your 1st, 2nd, or 3rd search engine choice? Exactly. You can read a pretty good article that covers Microsoft’s latest efforts here on CNN Money.
February 21, 2008 at 11:18 pm
I keep hearing about this – and wondering how long they’ll keep going/who will win.
Nice blog btw:)
February 21, 2008 at 11:38 pm
Good read, however I wanted your readers to know I made an Entrecard Toolbar, it can be downloaded at:
http;//www.dailytechnologyimpressions.com/?p=16