Microsoft

Blogs

The Microsoft Blog

« Will higher PC shipments benefit Microsoft? | Main | Xbox marketing chief to leave Microsoft »

Yahoo ends Microsoft talks; Google deal next

Yahoo says discussions with Microsoft about a potential deal have ended following numerous meetings. Yahoo says its board has decided against a Microsoft proposal to acquire just Yahoo's search business, and Microsoft says it's still not interested in a full acquisition.

The Wall Street Journal first reported the development, and said Yahoo is close to a search-advertising pact with Google. TechCrunch reports that Yahoo and Google will make an announcement at 1:30 p.m.

Here's Yahoo's release.

Yahoo! Inc. ... today announced that discussions with Microsoft regarding a potential transaction -- whether for an acquisition of all of Yahoo! or a partial acquisition -- have concluded. The conclusion of discussions follows numerous meetings and conversations with Microsoft regarding a number of transaction alternatives, including a meeting between Yahoo! and Microsoft on June 8th in which Chairman Roy Bostock and other independent Board members from Yahoo! participated. At that meeting, Microsoft representatives stated unequivocally that Microsoft is not interested in pursuing an acquisition of all of Yahoo!, even at the price range it had previously suggested.

With respect to an acquisition of Yahoo!'s search business alone that Microsoft had proposed, Yahoo!'s Board of Directors has determined, after careful evaluation, that such a transaction would not be consistent with the company's view of the converging search and display marketplaces, would leave the company without an independent search business that it views as critical to its strategic future and would not be in the best interests of Yahoo! stockholders.

Yahoo! remains focused on maximizing value for stockholders by continuing to execute on its strategy of being the "starting point" for the most consumers on the Internet and a "must buy" for advertisers. The online advertising industry is projected to grow from $40 billion in 2007 to approximately $75 billion in 2010 and the company believes it has the right assets, strategic plan, Board of Directors and management team to capitalize on this growth opportunity.

Update, 12:49 p.m.: Here's Microsoft's statement:

"In the weeks since Microsoft withdrew its offer to acquire Yahoo!, the two companies have continued to discuss an alternative transaction that Microsoft believes would have delivered in excess of $33 per share to the Yahoo! shareholders. This partnership would ensure healthy competition in the marketplace, providing greater choice and innovation for advertisers, publishers and consumers.

"As stated on May 3rd and reiterated on May 18th Microsoft was not interested in rebidding for all of Yahoo!. Our alternative transaction remains available for discussion."

Microsoft shares are up 4 percent; Yahoo's are down 10 percent.

Update, 3:40 p.m.: Yahoo and Google have, as expected, announced a search-advertising partnership. More to come.

Update, 4:20 p.m.: See this follow-up post.

Posted by at June 12, 2008 12:08 p.m.

Comments

#138302

Posted by jamie's_thunder at 6/12/08 12:51 p.m.

Oh hey, Mr. Ballmer! If newspapers will be passe in 10 years, so will MicroSnot's hopes of conquering All Things Internet.

Report violation

#138326

Posted by unregistered user at 6/12/08 1:48 p.m.

If the only way Microsoft can make its stock go up is by not doing something stupid, they're in big trouble...

Report violation

#138331

Posted by unregistered user at 6/12/08 2:01 p.m.

Microsoft does have bright future, but one based on own strengths, which are not shown to best effect at plain old search market. Microsoft can still make great money doing what itself does best. Is extremely sophisticated experienced presenting information in best colors for all good of entities or partners that have with it common interest.

Thus Ballmer will assure Microsoft very secure and profitable future Internet by negotiate exclusive royalty agreements with Putin and leader of other strong upcoming tiger economies -- provide nuanced, effective search service that positively build national value at same time make money for both sides of contracting parties.

This naturally lead Microsoft being in very favored position re other competition in much of world, in terms of favored overall presence especially in schools capture next generations, as well immediate and ongoing profits.

Thus is permanent value arena for yet strong Microsoft, must vitally explore keep itself on top. Much better forget plan of weaker Yahoo. Still no worry, Microsoft Ballmer will seen heroic figure in centuries from now.

Report violation

#138351

Posted by unregistered user at 6/12/08 2:40 p.m.

Hallelujah! Microsoft should have never bid that much for a failing outdated search company well past it's prime anyway. I'm guessing if they put even half that amount into an advanced search/online ad spinoff it would be far better use of the money and not require debt!. And then the ego minded Yangster can stop complaining the gift horse isn't doing enough for them. They're toast!

Report violation

#138363

Posted by unregistered user at 6/12/08 3:10 p.m.

Microsoft's Patented Path to Business Success:
1. Think up a really stupid idea and announce it to the world with great fanfare.
2. Realize how stupid the idea is.
3. Announce to the world that you are brilliantly deciding to NOT do the stupid thing.
4. Claim victory and call yourself innovative.

Report violation

#138450

Posted by unregistered user at 6/12/08 10:37 p.m.

About the "Patented Path": guess what, buddy, it works better than you can imagine. Is there any other company that you know which makes over 50 bi dollars in revenue a year? Think about how stupid their ideas must be to make 50 bi/year...

Report violation

#138559

Posted by unregistered user at 6/13/08 10:05 a.m.

Lets give a little credit where credit is due here. Ballmer/MS didn't let alpha male ego cloud their thinking when Yahoo firstly soured the deal and then got greedy, fiscal common sense prevailed. Which for shareholders has to create confidence.

Report violation

#207007

Posted by unregistered user at 10/30/08 7:34 a.m.

Film izle
Online Film izle
Bedava Film izle
Filmizle
Sinemalar
Sinema Seyret
Sinema izle
Video izle
Dizi izle
Dizi Seyret
Direkizle
İndirmeden izle
Youtube izle
Canlı izle
Canlı Yayın
Bilgi
Bilgibu
Bilgi bu
Popüler Bilgi
Bedava Bilgi
iyi Bilgi
Online Bilgi
Hazır Bilgi
Kaliteli Bilgi
Sadece bilgi
Memur
Memuru
Memurum
Memurumuz
Memurlar
Devlet Memuru
Sözleşmeli Memur
sivil Memur
Sohbet
Oriflame
Forum
Forumx
Forumtr
Frm
Efendi Forum
Oriflame Kozmetik
Bilgi
Yemek Tarifleri
Sohbet
Şarkı Sözleri
Site Ekle
Sevgi
Aşk Şiirleri
Yemek Tarifleri
Sağlık
Dini Bilgiler
Güzel Sözler
Video izle
Sinema
Astroloji ve Buçlar
Cinsel Hastalıklar
Fıkralar
Pastalar, Börekler, Kekler, Tatlılar, Hamur işleri, Et Yemekleri, Yemek Tarifleri
Oriflame Kozmetik
Oriflame Üyelik Formu
Cilt Bakımı
Güzellik Sırları
Oriflame Kozmetik
Oriflame Bayan Parfümleri
Oriflame Erkek Parfümleri
Oriflame Ürün Kataloğu

Report violation

! Login below to post a comment.

Unregistered users, sign up now

Or post anonymously (About this feature)

RSS
Headline widget

BLOGGER BIO

Joseph Tartakoff: P-I staff reporter

SUBMIT A TIP

E-mail or call 206-448-8221 with tips or ideas

FEATURED COMMENT

Q: Why can't Microsoft buy 'Coolness'? A: Because Coolness has a poison pill in its contract in the event of a Microsoft takeover.
-- Reader on Microsoft to sell line of "softwear"-labeled shirts