05-03-2008, 05:45 AM
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Developer & Designer, News Editor Emeritus
Join Date: Aug 2006
Posts: 12,959
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Microsoft Increases Offer By Several Dollars, Yahoo! Happy?
"After a months-long standoff, Microsoft and Yahoo are in active merger talks, a person involved in the discussions said. Microsoft, which had threatened to abandon its bid, has increased its offer “by several dollars,” this person said. The merger talks represent an enormous breakthrough following weeks of behind-the-scenes discussions without any progress. Exact terms being discussed could not be learned. The talks would explain the silence from Microsoft this week as it has refused to disclose its plans, despite threatening to bring a proxy contest if Yahoo didn’t reach a deal with it by last Saturday. Seven days have passed without any announcement from Microsoft about how it intends to proceed."
Well, this is certainly a more civil approach to the proposed acquisition, and it would explain why Microsoft has been so tight-lipped on the matter this week. Will we actually see Microhoo! emerge at the end of all this? Time will tell.
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05-03-2008, 04:57 PM
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Executive Editor
Join Date: Aug 2006
Posts: 29,160
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I still have my doubts as to whether or not this is a good idea...
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05-04-2008, 04:23 AM
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Thinker
Join Date: Mar 2004
Posts: 356
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Looks like the deal is off. Anyone want to guess as to what the stock price for the two companies will do on Monday?
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05-04-2008, 06:43 AM
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Pupil
Join Date: Oct 2006
Posts: 14
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The deal fell through.
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05-04-2008, 09:29 AM
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Developer & Designer, News Editor Emeritus
Join Date: Aug 2006
Posts: 12,959
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Wheee. Well, that was an interesting past couple of months. I'll post an update on the front-page shortly.
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