Yahoo not opposed to Microsoft deal at right price
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Mon, 07 Apr 2008 10:51:03 GMT |
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NEW YORK (Reuters) - Yahoo Inc is not opposed to Microsoft Corp's bid for the Web media company, as long as it is at the right price, Yahoo's board said on Monday in a letter to Microsoft chief executive Steve Ballmer."We have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders," the letter said. "Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders."Yahoo is responding to a three-week deadline issued by Ballmer in a letter to Yahoo on Saturday for Yahoo to agree to Microsoft's $31 a share cash-and-stock offer or risk seeing the bid lowered.(Reporting by Franklin Paul; Editing by Derek Caney)
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the Sale
By:
David ,
Mon, 07 Apr 2008 15:45:56 GMT
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I am opposed to this sale at any price, Yahoo innovated, Microsoft either stole or purchased its new ideas, Yahoo is about freedom, Microsoft is about denying choices. How much disparity is that. Yahoo needs to take a training timeout and look at what made it sucessfull in the first place. Microsoft still can't write stable software and has much difficulty with honest marketing. The cultures of what made them big are so very different. Microsoft is run by lawyers bent on becoming millionaires and Yahoo is run by engineers bent on playing with new toys. Go away Microsoft and take your bloated code base and your distorted cottage industry some place else. Come back when you can think of an original idea.
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Counter Proxy
By:
dude ,
Mon, 07 Apr 2008 15:34:55 GMT
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Yahoo should counter proxy MS w/ a clearly stated objective to take their search and ad business and break up and sell off the rest.
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The Evil Empire
By:
Michael ,
Mon, 07 Apr 2008 15:25:58 GMT
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If Microsoft becomes owner of Yahoo, this will be one more instance of a company destroyed by the evil empire. Yahoo! cannot allow this to happen at any cost. I do not see how this could possibly be legal either. Oligopolies can be just as dangerous as monopolies. If two or three companies control everything, it is like one company does. Look at the oil industry, it used to have several companies competing, now it is down to just a few.
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