One Loser After Another Loser - Microsoft Takeover Bid
Microsoft Corp. has announced a lucrative unsolicited takeover offer of an slumping Internet icon Yahoo Inc. The offer of $44.6 billion is the boldest bid yet to challenge Google Inc.’s dominance.Â
This was a sneak attack over the bow of Yahoo Inc. Who would have speculated that Microsoft would pull a card like this one to buy out the second largest search engine in the world. It will be interesting to see how this one will plays out. Microsoft’s deal in general plays out like this, Microsoft has offered $31 per share in cash and stock. This represents a 62% premium on Yahoo’s recent stock price. Yahoo responded back Friday with a statement “carefully and promptly study Microsoft’s bid”.
As for Microsoft, Microsoft Chief Executive Steve Ballmer was quoted as sayingÂ
Microsoft’s consistent belief has been that the combination of Microsoft and Yahoo! clearly represents the best way to deliver maximum value to our respective shareholders, as well as create a more efficient and competitive company that would provide greater value and service to our customers.
I am caught in a hard place with this takeover offer. I could understand were Microsoft is coming from. Yahoo has under performed for 4 quarters in a row and it seems there is not light at the end of the tunnel. But on the other had, I can understand Yahoo’s position. Who would want to be taken over by Microsoft. Yes, Microsoft has done well in the software industry but they have not done well in the search engine industry. They are dead last in the big three of all the search engine. So, if they are able to merge with Yahoo. Does two losers translate to a winner big enough to beat out Google. That will be interesting to see. I would not hold my breath though. Especially, if both stay with the same tactics that they have used before.
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I am a computer programmer that got fed up with the corporate life. While I write the post I have since removed myself from the corporate life and am now doing affiliate marketing full time. It was not easy. I took a lot of slack from bosses that did not have the same vision that I had. But I continued to rock on and follow my dream.
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