Ballmer! explains! hostile! Yahoo! bid!
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'We've been engaged for months' !!!!! Steve Ballmer all but confirmed that Microsoft wanted to buy Yahoo! for scale, branding and audience rather than any technology or products the web media co owns.â¦
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By David Quainton  Yahoo! has handed almost all its UK business to Hill & Knowlton.   As broken on PRWeek.com this Monday, the appointment sees the internet firm part ways with Bite Communications, Brands2Life and Cohn & Wolfe.
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More competition courtesy of the proposed Microsoft-Yahoo! combo?
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Microsoft said&#160;its $44.6 billion offer to purchase Yahoo&#160;is &quot;fair&quot; and hinted that it may pursue a hostile takeover of the Internet company, according to a statement Microsoft made Monday in response to&#160;Yahoo&#39;s formal rejection of its buyout offer.
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Plus: eBay outlines policy on racist language. [News.com Extra]
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Bill Wise of Media Post has put together a thoughtful review of Yahoo&#8217;s reorganization. I had heard a couple of people referring to the Yahoo Reorg as a negative for the Yahoo company and search industry.  I never really understood where they were coming from, nor could they back it up. Seems that there is [...]
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I&#8217;m playing the devil&#8217;s advocate here, so keep that in mind in case I end up trampling all over anything you hold dear :) Google has taken a lot of flak on a lot of issues in the past few years - it&#8217;s a price an industry leader invariably has to pay.  Apart from Blogger spam [...]
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All hail the power of the XSS error! Yahoo! appears to have plugged a site-wide coding error that made it possible for miscreants to gain complete access to a user's account simply by clicking on a booby-trapped link.â¦
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Blog: Those who consider acquiring an open source company must be careful not to upset the associated open source community.  Is there such thing as a hostile takeover in open source?
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Yahoo! has more questions than exclamation marks.
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Google buys a mapquest of its own. Also: Sharp takes us to the future of television in 3-D & hellip;.  PayPal finds a way to make amends for mistakes & hellip;. and more.
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Microsoft said&#160;its $44.6 billion offer to purchase Yahoo&#160;is &quot;fair&quot; and hinted that it may pursue a hostile takeover of the Internet company, according to a statement Microsoft made Monday in response to&#160;Yahoo&#39;s formal rejection of its buyout offer.In a statement, Microsoft said it&#39;s &quot;unfortunate&quot; that Yahoo &quot;has not embraced&quot; its proposal to combine the two companies, and the rejection of the offer &quot;does not change our belief in the strategic and financial merits of our proposal.&quot;The company also hinted that it may take the offer directly to Yahoo&#39;s shareholders, a move that could result in a hostile takeover.&quot;As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo&#39;s shareholders are provided with the opportunity to realize the value inherent in our proposal,&quot; Microsoft said in its statement.Earlier Monday, Yahoo formally rejected Microsoft&#39;s bid to acquire the company in a half-stock/half-cash purchase, saying it undervalued Yahoo.On Feb. 1, Microsoft offered to pay $31 per share for half of Yahoo&#39;s outstanding shares in cash -- about $22.3 billion -- and 0.9509 of a Microsoft share for the other half. Microsoft&#39;s half-cash/half-stock offer to Yahoo was valued at about $44.6 billion at the time it was made; Yahoo&#39;s share price was $19.18 at the time.However, since then Microsoft&#39;s stock has gone down while Yahoo&#39;s has risen, making the deal, under its current terms, worth less than when it was originally offered. This led to speculation that Yahoo might look for other suitors; the company is reportedly looking for about $40 per share. Yahoo&#39;s share price closed at $29.87 Monday; Microsoft&#39;s closed at $28.21.Some have speculated that Microsoft would raise its offer to the company to about $35 per share -- about midway between its original offer and Yahoo&#39;s target price -- but in its statement on Monday, the company seemed adamant about keeping the offer as it stands.&quot;We are offering shareholders superior value and the opportunity to participate in the upside of the combined company,&quot; Microsoft said. &quot;Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties.&quot;Microsoft&#39;s offer to purchase Yahoo is an attempt to join forces and improve both companies&#39; positions against Google in online advertising and services. However, many questioned both the logistical complexity and cultural differences involved in combining the companies, and there are fears that it will thwart rather than help their efforts to compete with Google.Yahoo is reportedly in talks with both AOL and Google to try to avoid being acquired by Microsoft. Analysts said Monday that Yahoo&#39;s initial rejection of the offer is more of an attempt to elicit a higher bid -- either from Microsoft or another company. If none comes, the company might decide in the future to accept Microsoft&#39;s offer as it stands, they said.
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Yahoo! (Nasdaq: YHOO) evidently has decided that making a new ally is good way to parry the threat from Google (Nasdaq: GOOG). The company announced yesterday that it is joining
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Microsoft CEO Steve Ballmer rebuffed&#160;Google&#39;s accusations&#160;that an acquisition of Yahoo would be anticompetitive.The bid was made public Friday, prompting the response from Google over the weekend. Ballmer Monday at a news conference ceded ground to Microsoft&#39;s arch rival in order to justify his company&#39;s&#160;$44.6 billion cash-and-stock offer for Yahoo,&#160;which if accepted would fall under the scrutiny of U.S. and European regulators.&quot;Google&#39;s clearly got a dominant position,&quot; Ballmer said. &quot;They have about 75 percent of paid search worldwide. We think this enhances competition and anything else would be less good.&quot;A Google executive struck back at Microsoft on Sunday, charging that a combined Microsoft and Yahoo would control an overwhelming share of e-mail and instant-messaging accounts as well as portal traffic.David Drummond, senior vice president of corporate development and chief legal officer at Google, further suggested that if Microsoft buys Yahoo it might try to unfairly use its dominance in those areas, just as it did in the PC market.Monday&#39;s news conference, in which Ballmer spoke with Chief Financial Officer Chris Liddell, appeared to put further pressure on Yahoo&#39;s board to accept the offer, which at $31 a share represents a 62 percent premium over Yahoo&#39;s closing price last Thursday.&quot;We think it&#39;s an extremely competitive offer,&quot; Liddell said.In a Monday filing with the U.S. Securities and Exchange Commission, Yahoo disclosed an e-mail sent on Friday by CEO Jerry Yang and Roy Bostock, non-executive chairman of Yahoo&#39;s board. &quot;First, we want to emphasize that absolutely no decisions have been made and, despite what some people have tried to suggest, there&#39;s certainly no integration process under way,&quot; the e-mail read.Ballmer continued with a hard push as to how a deal with Yahoo will let Microsoft move faster in building out areas such as search, online services and online advertising.&quot;We are going to have to innovate like crazy,&quot; Ballmer said.But he also stressed how long it could take for a Yahoo deal to eventually benefit shareholders. Ballmer said he looks at whether investments will pay off five to 10 years down the line, but investors often want to see results in three years.&quot;Sometimes those investments look smart, sometimes it takes a while for them to pay off,&quot; Ballmer said.
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Was the Novell/Microsoft deal a worthwhile well-meaning effort between renegade open-source geeks at Microsoft and geeks at Novell that got derailed by salespeople and management, after which it was turned into a nightmare deal with the devil?  I raise this question because I know someone with ties to people at both Microsoft and Novell.  He has a credible story to tell about what really happened, and how much it differs from what we now know about the Novell/Microsoft deal.  Unfortunately, I haven't been able to get him to write up the history - yet.  While I continue to pester him, here's the short version, third hand.
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Have they no shame? The team at Yahoo! (Nasdaq: YHOO) is the latest to cast a wary eye on Google&#39;s (Nasdaq: GOOG) popular new desktop search tool and yell, &quot;me too
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The software maker lets a few details out during an employee Web cast to discuss Yahoo bid. It's just one of many product tidbits I expect to come out as part of regulatory filings associated with the offer.