May 4, 2008
As hostile as running away with your tail between your legs
Posted May. 4, ’08, 6:30 PM PT by Dan Pourhadi
Category | Business
Well, the verdict is in: Microsoft is not going to pursue a hostile takeover of Yahoo, despite all the vagueness and double-speak that made a purchase seem so damn inevitable.
This comes after months of back-and-forth on acquisition negotiations, with Microsoft asking nicely, and Yahoo saying “stuff it,” and Microsoft asking not so nicely, and Yahoo covering its ears and yelling “la la la” until Microsoft finally gave up.
The Redmond software giant made the announcement yesterday in a press release soaked with the tears and squashed hopes and dreams of CEO Steve Ballmer.
“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” said Ballmer.
Can you feel it? Can you feel the despair? Can you feel the rejection?
I can. :-(
(And I bet Yahoo’s shareholders are going to feel it tomorrow, too.)
[via Silicon Alley Insider]
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I don't think yahoo made the right decision.. ms either will buy AOL (for 10B$) and use the other pile of cash to go after Yahoo/Google, or just use the $40B to go after the market.
the Borg has been stopped for now, but the Empire ( Google ) is still out there. Hopefully the Jedi ( Apple ) can still survive
What?! Borg, Empire & Jedi in one reference? Conflate sci-fi references much?
Danger, Will Robinson! Danger!
conflate...
great word!