[Sad News] Microsoft withdraws offer for Yahoo

[url]http://biz.yahoo.com/rb/080503/microsoft_yahoo.html?.v=2[/url]

SAN FRANCISCO (Reuters) - Microsoft Corp (NasdaqGS:MSFT - News)
withdrew its offer for Yahoo Inc (NasdaqGS:YHOO - News) on Saturday
as negotiations fell through on price, even after the software giant
raised its bid by about $5 billion to $47.5 billion.

Microsoft Chief Executive Steve Ballmer said his company increased
its offer to $33 per share, from the $31 per share cash-and-stock
bid that it initially made on January 31. But Yahoo was looking for
$37 a share, Ballmer said.

Criminey! It would have only cost Fester about $50 billion to seal the
deal. It wasn't /that/ far away from the numbers he'd already offered.

Oh well. Maybe some other deal will come along that will make MS reach
too far and sink themselves.

--
They teach classes on using Front Page? That's like a cooking class
where they teach you how to order a pizza!

On May 3, 11:15 pm, Sinister Midget <fardblos...@gmail.com> wrote:[color=blue]
> [url]http://biz.yahoo.com/rb/080503/microsoft_yahoo.html?.v=2[/url]
>
> SAN FRANCISCO (Reuters) - Microsoft Corp (NasdaqGS:MSFT - News)
> withdrew its offer for Yahoo Inc (NasdaqGS:YHOO - News) on Saturday
> as negotiations fell through on price, even after the software giant
> raised its bid by about $5 billion to $47.5 billion.
>
> Microsoft Chief Executive Steve Ballmer said his company increased
> its offer to $33 per share, from the $31 per share cash-and-stock
> bid that it initially made on January 31. But Yahoo was looking for
> $37 a share, Ballmer said.
>
> Criminey! It would have only cost Fester about $50 billion to seal the
> deal. It wasn't /that/ far away from the numbers he'd already offered.
>
> Oh well. Maybe some other deal will come along that will make MS reach
> too far and sink themselves.
>
> --
> They teach classes on using Front Page? That's like a cooking class
> where they teach you how to order a pizza![/color]


One of the biggest problems that M$ faced was that their first order
of business would have be to disassemble a properly working IT
infrastructure based on Linux and other Unixes, only to replace it
with an inferior alternative -as they did with Hotmail. If you acquire
something like Yahoo, you want to improve it, not to break it.

The Yahoo case is not unlike SAP's: when faced with a takeover from
Redmond, they took a poison pill, investing heavily in Open Source. It
worked nicely.

-RFH

Ramon F Herrera wrote:
[color=blue]
> The Yahoo case is not unlike SAP's: when faced with a takeover from
> Redmond, they took a poison pill, investing heavily in Open Source. It
> worked nicely.[/color]

When I label cola "advocates" as liars and buffoons, it's because of
ridiculous blathering like this.