May 1, 2008
MS Still Trying to Figure Out What to do With Yahoo!
I wasn't sure if I should have waited on that headline until after Microsoft buys Yahoo!. In spite of all the press accounts about the proposed Microsoft purchase, very little is new. Last Saturday was the deadline Microsoft gave Yahoo! to roll over. Yahoo! didn't, and now everyone wonders what's next. Makes you wonder why Microsoft hasn't pounced on Yahoo! with some pre-determined strategy once the deadline passed. The answer to that is probably because Microsoft isn't sure what to do either.
Steve Ballmer told MS employees that there are three options: go hostile, pay more than already offered, or walk away. Someone immediately handed him the 2008 Stating the Obvious award. Sorry, made that one up. A report in the Wall Street Journal said the Microsoft board authorized Ballmer to go hostile or walk away from the deal. So was the option of paying more discussed? Of course, no one wants to tip their hand over strategy. It's not as if Yahoo! won't let itself be bought. The company wants more money for the shareholders. The next move is with Microsoft. What's it going to be Steve? The pundits can't take much more and the lawyers need to know who to sue over the deal/failed deal.
May 1, 2008 | Permalink
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