p2pnet - rss feed: Yahoo and AOL discuss possibilities
p2pnet news | Products:- Bill and the Boyz are apparently thinking about boosting their offer for Yahoo after the board decided $45 billion just wasn’t enough.
“Microsoft may sweeten its offer, say people familiar with the matter. But any increase is likely to fall short of what Yahoo’s directors believe would fairly value the company, the people say, setting the stage for a protracted battle,” says the Wall Street Journal.
“People close to Microsoft say the software giant is reluctant to launch a proxy fight to push out Yahoo’s board. A fight could increase the odds that key Yahoo employees will leave the company, these people say. It is more likely to pursue less-hostile options, such as recruiting big shareholders to put pressure on Yahoo to negotiate with Microsoft for an acceptable price.”
However, Times Online says Yahoo and advisers from Goldman Sachs and Lehman Brothers, the US investment banks, have spent the past week, “evaluating possible tie-ups with media and technology firms that would save it from being swallowed by Microsoft”.
It’s also believed and other option would be to restart merger talks with Time Warne’s AOL, says the story, going on:\
“Tie-ups with groups such as Google or Disney are also being considered.
“Although Yahoo! and AOL previously failed to join forces because of differences over price, it is hoped that the urgency created by an unwelcome approach from Microsoft and an impending economic downturn will spur the two into new talks. Google, which offered support to Yahoo! when the Microsoft approach was made public, also has a 5 per cent stake in AOL.”
Also See:
$45 billion - Yahoo’s last day as Yahoo?, February 8, 2008
Wall Street Journal - Yahoo’s Rejection Pressures Microsoft To Mull a New Bid, February 11, 2008
Times Online - Yahoo! set to revive merger talks with AOL after rejecting hostile takeover, February 11, 2008
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February 11th, 2008 at 12:54 pm
I don’t get why they have ‘team up’ with anyone!
Why can’t business’s stay small and friendly instead of becoming big and powerful?
Not that Yahoo is small anymore!
February 11th, 2008 at 10:57 pm
for da money.