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Yahoo Interested In a Microsoft Buyout, But Microsoft Isn't
Linux Blog writes "The Google-Yahoo advertising deal has been rejected by the Department of Justice, and Google has pulled the plug on a search-ad partnership with Yahoo that would have given Yahoo major new revenue, but that raised antitrust concerns. Now, Yahoo has said the 'For Sale' sign is still on its front lawn and that Microsoft should buy the company. The internet portal's co-founder and CEO Jerry Yang made this comment despite the fact Yahoo rejected a $33 a share offer from Microsoft back in May. What a huge loss for the share holders. Microsoft was quick to respond that their buyout efforts were a thing of the past, but left the door open to a search partnership."
They're like a prostitute with no clients and a huge "won't anyone buy us" sign strapped to their heads...
Don't mod this funny, I'm dead serious.
$14? They're at $12.20 at the time of this posting, and they hit sub-$12 in the last 24h (and have done so dozens of times).
Some respected business analysts said they're worth more like $7.50/share (WAY over inflated P/E ratio and such).
And now Google and MS don't even want of them anymore. They should get with AOL, it would make for the most epic FAIL ever (worst than the previous bubble burst, just by themselves)
Thanks god I don't have any YHOO stock!
I for one, welcome our new epic FAIL overlords.
MS was willing to pay $33 a share to keep Yahoo from aligning with Google, now that it's become patently obvious that the DoJ isn't going to allow that to happen the strategic value of Yahoo to MS has gone down significantly.
It was worth it to MS to pay $33 per share in order to still have a chance at that market. Right now, with that out of consideration the value to MS has dropped significantly.
A brilliant hand of poker played by Mr Balmer, I think.
I do wonder whether they ever would have actually bought Yahoo. There's no way they could buy them now at the price they originally offerred, thanks to the economic downturn. But if it wasn't for the downturn, I do wonder whether Microsoft would instead have done "due diligence" into the state of Yahoo the company, and then loudly and publicly walked away, claiming they didn't like what they saw, screwing Yahoo's credibility.
So without spending anything, Balmer's caused turmoil in one competitor (Yahoo), while getting the competition watchdogs interested in the power of another (Google) - and distracting them both, perhaps causing them to take their eye off the ball for a while.
Look I told you that story in confidence...
I hate printers.
Ya-who?