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Yahoo Board to Reject Microsoft Bid  (View post)

/pd [PersonRank 10]

Saturday, February 9, 2008
11 years ago4,954 views

online.wsj.com/article/SB12025 ...

David Hetfield [PersonRank 10]

11 years ago #

Just as i expected...
In your face Microsoft!! :D

DPic [PersonRank 10]

11 years ago #

Woohoo!

/pd [PersonRank 10]

11 years ago #

sidebar – <unconfirmed source>

Google's answer to a YHOO /MSFT deal would be to BUY EBAY @ $45B

Brinke Guthrie [PersonRank 10]

11 years ago #

news.com/8301-13860_3-9868500- ...

valleywag.com/354560/yahoomicr ...

David Mulder [PersonRank 10]

11 years ago #

But if they decline, how the heck are they planning to get the value of their company up with 60%, cause else the shareholders will force a deal...

Ionut Alex. Chitu [PersonRank 10]

11 years ago #

Why would Google buy eBay?

David Hetfield [PersonRank 10]

11 years ago #

Stupid move yeah, but if you take another minute to think about it, i guess it's for covering Microsoft's bid. (Otherwise, why should they, after all)

james cook [PersonRank 1]

11 years ago #

woo hoo, the internet is safe.

james cook [PersonRank 1]

11 years ago #

oh by the way, google buying ebay would be awesome

Brinke Guthrie [PersonRank 10]

11 years ago #

gBay?

james cook [PersonRank 1]

11 years ago #

meh...no way.

Glectronic Bay

Stephen Tordoff [PersonRank 10]

11 years ago #

I think that Google, if they bought eBay, would like to call it Google Auctions. However, eBay is FAR too well known for them to do this, so eBay (the name) would likely remain as is (As they did with YouTube).

[ Edit : Changed his last name on request – David]

Stephen Tordoff [PersonRank 10]

11 years ago #

gBay would also be cool though

/pd [PersonRank 10]

11 years ago #

from a techology angle..these properties can be leverage directly with a ebay synergies

1) Online Advertising
2) Online Auctions
3) Online Payments
4) Online Telephony

From a financial angle Ebay's market Cap is $37.67B. Google could do a deal that pay half in cash and half in stocks facing a dilution of just 15%.

a) ebay has $5B cash that Google would seize. Google has $14 B cash.
b) Google has EBITDA of $6.05B a year
c) EBay has EBITDA of $2.61B,

Combined they can pay out all current market debt within in 4yrs, given the current market growth of entities

David Hetfield [PersonRank 10]

11 years ago #

Yahoo won’t settle for less than $56 billion!!!

blogs.zdnet.com/Google/?p=921

Above 16 comments were made in the forum before this was blogged,

David Mulder [PersonRank 10]

11 years ago #

[put at-character here]David Hetfield: If it would be up to the real y! they wouldn't settle for any ammount of money, its more about the share holders...

[put at-character here]Stephen Tordof: Google wanted to change/merge Youtube into Google Video, but youtude would not sell without the ensurance that the name would remain youtube.

Ianf [PersonRank 10]

11 years ago #

The "pundit consensus" so far is this merger will go through never the less. This being the US, at least one of them cannot think of other than a bigger-gun/ :Bonanza-style revenge" argument/ metaphor:

"[...] If I were a Yahoo shareholder, I would be looking at purchasing an old battleship right now, sailing it into San Francisco Bay, and lobbing some 16' shells on the Board membersÂ’ houses in Atherton. The chance of a Yahoo shareholder ever getting more than $31/share, adjusted for inflation and risk, seems remote.[...]"

"Microsoft is 2000 times less effective than Google"
blogs.law.harvard.edu/philg/20 ...

/pd [PersonRank 10]

11 years ago #

Yahoo could outsource search ads to Google

"It's an idea, albeit a long shot, that reportedly was discussed during a Yahoo board meeting Friday, along with other alternatives."

seattlepi.nwsource.com/busines ...

/pd [PersonRank 10]

11 years ago #

wood on the street..

"Will the deal close and what is the trade? Najarian says YHOO could get a higher bid just to close the deal. He also mentioned that Google Inc. (NASDAQ: GOOG) might make a play for AOL"

maddmoney.blogspot.com/2008/02 ...

beussery [PersonRank 10]

11 years ago #

Google buying bebo & plaxo?
searchenginejournal.com/google ...

Ratan [PersonRank 1]

11 years ago #

How much will Google Inc. cost? I need to purchase it soon. Please let me know.

/pd [PersonRank 10]

11 years ago #

breaking – jus issused – offical reject notice to MSFT

Yahoo! Board of Directors Says Microsoft's Proposal Substantially Undervalues Yahoo!

yhoo.client.shareholder.com/re ...

/pd [PersonRank 10]

11 years ago #

on the other side MST jus released this..

Microsoft Agrees to Acquire Danger Inc., Strengthens Mobile Consumer Vision

microsoft.com/presspass/press/ ...

Search-Engines-Web.com [PersonRank 10]

11 years ago #

[moved from new thread "Microsoft Responds to Yahoo Rejection vis Press Release". -Philipp]

biz.yahoo.com/prnews/080211/aq ...

It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies. Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties.

We are offering shareholders superior value and the opportunity to participate in the upside of the combined company. The combination also offers an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market.

A Microsoft-Yahoo! combination will create a more effective company that would provide greater value and service to our customers. Furthermore, the combination will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising.

The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!'s shareholders are provided with the opportunity to realize the value inherent in our proposal.

On February 1, 2008, Microsoft announced a proposal to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion and a 62 percent premium above the closing price of Yahoo! common stock based on the closing prices of the stocks of both companies on Jan. 31, 2008, the last day of trading prior to Microsoft's announcement. Microsoft's proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration payable to Yahoo! shareholders consisting of one-half cash and one-half Microsoft common stock.

About Microsoft

Founded in 1975, Microsoft (Nasdaq: MSFT – News) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This material is not a substitute for the prospectus/proxy statement Microsoft Corporation would file with the SEC if an agreement between Microsoft Corporation and Yahoo! Inc. is reached or any other documents which Microsoft Corporation may file with the SEC and send to Yahoo! shareholders in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF YAHOO! INC. ARE URGED TO READ ANY SUCH DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders will be able to obtain free copies of any documents filed with the SEC by Microsoft Corporation through the web site maintained by the SEC at sec.gov. Free copies of any such documents can also be obtained by directing a request to Investor Relations Department, Microsoft Corporation, One Microsoft Way, Redmond, Washington 98052-6399.

Microsoft Corporation and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding Microsoft Corporation's directors and executive officers is available in its Annual Report on Form 10-K for the year ended June 30, 2007, which was filed with the SEC on August 8, 2007, and its proxy statement for its 2007 annual meeting of shareholders, which was filed with the SEC on September 29, 2007. Other information regarding the participants in a proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any proxy statement filed in connection with the proposed transaction.

Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as Microsoft Corporation's ability to achieve the synergies and value creation contemplated by the proposed transaction, Microsoft Corporation's ability to promptly and effectively integrate the businesses of Yahoo! Inc. and Microsoft Corporation, the timing to consummate the proposed transaction and any necessary actions to obtain required regulatory approvals, and the diversion of management time on transaction-related issues. For further information regarding risks and uncertainties associated with Microsoft Corporation's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Microsoft Corporation's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft Corporation's Investor Relations department at (800) 285-7772 or at Microsoft Corporation's website at microsoft.com/msft.

All information in this communication is as of the date hereof. Microsoft Corporation undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Source: Microsoft Corp.

/pd [PersonRank 10]

11 years ago #

MSFT is biding for UStream ?

Ianf [PersonRank 10]

11 years ago #

[put at-character here]Ratan: if you have to ask, you can't afford it. Wanna bet? (I *know* you can afford that.)

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