Microsoft Withdraws Yahoo Takeover Offer
mksmac writes "According to the KOMO TV Website, Microsoft has withdrawn its bid for Yahoo after presenting them with an increased offer that was subsequently declined by Yahoo. Frankly, this seems like a smarter decision on Microsoft's part, but I'd like to hear how other people feel about the deal. Should Microsoft have walked away, pressured Yahoo via a hostile takeover or sweetened the pot until Yahoo gave in?" For those who prefer it, the NYT also has coverage, and the story is also at news.com, among many others. I like the Beeb's version as well. And for the Microsoft-centric explanation of why the courtship is over, see Steve Balmer's letter to Jerry Yang.
WTF are you smoking? Is that you SteveB?
MS wanted them, but they wanted them the same way
they had every other acquisition they made: Trousers down, bent over, no lubricant, and the
acquisition *paying* to be acquired.
What this debacle signals is the bell tolling alright, the bell tolling
for Microsoft: they are on the way down. They couldn't bluff and screw
Yahoo like they've done to every other "acquisition" (damn, that's such a polite word
for screwed-without-lubricant!)
Microsoft tried lowballing, and when that didn't work, they tried bluffing,
and damn I wish I had been at that table just to be able to say
"I'm all in Steve. Let's see what you got."
Here's a clue for those folks who don't have any kind of Microsoft corporate memory:
Remember the parable of SpyGlass:
http://en.wikipedia.org/wiki/Spyglass,_Inc.
As much as I love to see MS waste vast quantities of money, I'd rather they did it building ridiculous computer operating systems for incomprehensible budgets, and not dragging down companies with some value with them.
On a side note, I wonder how much it cost Apple to build OS X?
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