From Reuters and the New York Times: Microsoft and Yahoo aren’t negotiating.
Who will blink first?
Yahoo should come to their senses soon and take Microsoft’s offer, if Microsoft doesn’t rescind the offer first. Too many Yahoo employees are fleeing already, but Yahoo’s share price has dipped quite a bit lately. Microsoft is sticking to its offer of US$31 a share, and Yahoo stock has ranged from US$19 to US$28 since the offer. Microsoft’s stock has taken a beating in the interim, too.
Meanwhile, Bill Gates says that the next version of Windows may be released within the next 12 months, according to this Reuters report. I doubt the software will be released that quickly.
Related posts
- 17 February 2008 : Shareholders may bring Microsoft and Yahoo together
- 7 February 2008: Microsoft’s rocket ship
- 4 February 2008: Microsoft acquisition of Yahoo faces roadblocks
- 1 February 2008: Microsoft makes offer for Yahoo
2 responses so far ↓
1 billso
// Sunday, 6 April 2008, 10:58 HST @790
According to today’s New York Times, Microsoft has run out of patience.
Microsoft CEO Steve Ballmer has sent an email telling Yahoo’s board to negotiate, or in three weeks Microsoft will start a proxy contest. Yahoo shareholders would receive a lower offer than US$31 per share.
2 billso
// Monday, 7 April 2008, 14:44 HST @947
Yahoo blinked! According to Engadget and the New York Times, Yahoo’s board understands the company will be sold.
The Yahoo board just wants Microsoft to increase its offer.