The Microsoft-Yahoo Saga Again

April 25, 2008 | by Christopher Nickson

Microsoft might walk away from the fight or it might not, it seems.

According to a Reuters story, Microsoft’s chief executive Steve Ballmer has said that Microsoft might walk away from its proposed takeover of Yahoo if the two companies can’t agree on a price. Speaking in Italy, he said,
"We're prepared to move forward without a merger with Yahoo. We think the best way to move forward quickly [and gain critical mass against Google] is to come together with Yahoo. Hopefully that works. But, if it doesn't, we go forward. Time is money. We made [that] clear in the last letter we sent."
The letter he referred to gave Yahoo a deadline of tomorrow to accept the $44.6 billion deal Microsoft has placed before it. Failing that, the company would take their case to Yahoo shareholders.
But while Ballmer raised the specter of the giant walking away, the company chief financial officer Chris Liddell was clearer:
"With respect to Yahoo we have been clear speed is of the essence," he said.
 
Since the value of Microsoft’s shares have fallen, the real value of Microsoft’s offer has fallen.

Post Your Comment...Comments

David H. Deans on Apr 26th, 2008 at 7:42 AM:

But, in the overall scheme of things, is the outcome a moot point?

"A Microsoft Yahoo Merger Doesn't Matter"
http://snipurl.com/25wpw

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