The Money Times - Money Matters, Loans, Finance, Credit Cards, Travel guides. The best ways to spend your money!

Yahoo gets deadline to respond to Microsoft's takeover bid

by Samia Sehgal - April 6, 2008 - 0 comments

Microsoft has given a forewarning to Yahoo that it will directly approach its shareholders if the company board fails to respond to its $44.6 billion takeover bid within three weeks. The company also warned that the Yahoo’s failure to act in response to the bid soon could lead to a lower offer price.

Reply

Math Question: What is 8 + 10?: *

Please solve the math problem above and type in the result. e.g. for 1+1, type 2

Your name: *

E-mail: *

The content of this field is kept private and will not be shown publicly.

Homepage:

Subject: *

Comment: *

[quote=Samia Sehgal]<div class="flexinode-body flexinode-1"><div class="flexinode-textarea-1"><div class="form-item">
 <p>Microsoft has given a forewarning to Yahoo that it will directly approach its shareholders if the company board fails to respond to its $44.6 billion takeover bid within three weeks. The company also warned that the Yahoo’s failure to act in response to the bid soon could lead to a lower offer price.</p>
</div>
</div><div class="flexinode-image-3"><div class="form-item">
 <label>Picture: </label>
 <img alt="Yahoo gets deadline to respond to  Microsoft's takeover bid" src="http://www.themoneytimes.com/filess/Microsoft_15_sm.jpg" /><br /><a href="http://www.themoneytimes.com/filess/Microsoft_15.jpg">Get original file (4KB)</a>
</div>
</div><div class="flexinode-textarea-2"><div class="form-item">
 <label>Full Article: </label>
 <p>According to Microsoft CEO, Steve Ballmer, the companies have not had any meaningful talks in the two months since the launch of bid, which was a 62 percent premium to the stock price at the time. </p>
<p>Microsoft’s insistence may force Yahoo Chief Executive Officer Jerry Yang to initiate discussions in the direction of merger, in order to avoid a fight with the world's biggest software maker.</p>
<p>"Microsoft's preference has always been to offer a speedy and friendly transaction," says a person familiar with the matter. "Microsoft has tried to engage, but Yahoo's board has refused to enter into substantive negotiations. There is a difference between a meeting and a negotiation."</p>
<p>Microsoft, on combining with Yahoo would be able to unite the second- and third-most popular search engines in the U.S. that probably would give a harder fight to larger rival Google, which gets more than half the Internet queries in the country. </p>
<p>Yahoo cast off the $31-a-share cash-and-stock bid on Feb. 11, saying the price didn't reflect its value. </p>
<p>Making Microsoft reach Yahoo investors “will have an undesirable impact on the value of your company from our perspective, which will be reflected in the terms of our proposal,” Ballmer said in the statement, which included a letter to Yahoo shareholders. </p>
<p>Tracy Schmaler, a spokeswoman for Sunnyvale, California- based Yahoo, said she couldn't immediately commenton the issue. </p>
<p>Yahoo, last month, proclaimed that according to estimates, it would almost double its operating cash flow over the next three years and generate $8.8bn in revenue after costs in 2010. </p>
<p>"Yahoo provides meaningful strategic value and warrants a significant acquisition premium above its equity value in a potential change of control transaction," it said.</p>
</div>
</div></div>[/quote]

Input format

Filtered HTML

Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
Lines and paragraphs break automatically.
You may use [inline:xx] tags to display uploaded files or images inline.
You may quote other posts using [quote] tags.

Full HTML

You may quote other posts using [quote] tags.
You may use [inline:xx] tags to display uploaded files or images inline.

More information about formatting options

Subscribe to The Money Times free via email , or grab our feed.

Your Ad Here Login/Register for free \| Add to Favorites \| Editor's Note \| Advertise on this site Subscribe Write for us Blogs Forums RSS Currency Convertor
	Your Ad Here	Tuesday Apr 15
Business Personal Finance Technology Markets Investing Life Style Spending Wise Entertainment Reviews Cards

Reply

Subscribe

Navigation

Health Updates from TheMedGuru