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Joined: Aug 2004
Posts: 22,315
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 |
REDMOND, Wash. - Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.’s dominance of the lucrative online search and advertising markets.
The surprise offer of $31 per share, made late Thursday and announced Friday, comes with Sunnyvale-based Yahoo in a vulnerable position.
MSNBC is a joint venture of Microsoft and NBC News.
In a statement Friday, Yahoo said it will “carefully and promptly” study Microsoft’s bid.
With its profits steadily sliding, Yahoo’s stock slipped to a four-year low earlier this week and a new management team has been trying to steer a turnaround but sees more turbulence through 2008.
The announcement sent Yahoo’s share price up sharply, while Google saw its shares fall, weighted down by a fourth-quarter earnings report, released Thursday, that missed Wall Street expectations.
In a letter to Yahoo’s board of directors, Microsoft Chief Executive Steve Ballmer indicated the world’s largest software maker is determined to bring the two companies together. Wow! Im lost for words... nice to see one company still has money to spend in the world economical downfall lol.  MSNBC News Report
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Joined: Aug 2007
Posts: 2,990
Are you SoNutz? Forum Master
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Are you SoNutz? Forum Master
Joined: Aug 2007
Posts: 2,990 |
Microsoft Yahoo! has a ring dont yer think ?
Lee Mills
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Joined: Jul 2004
Posts: 4,006
Forum Guardian
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Forum Guardian
Joined: Jul 2004
Posts: 4,006 |
I thought BT owned yahoo.
My thinking for this is that I had a TALK21 email account which then turned into a btopenworld account and is now a yahoo account.
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Joined: Aug 2004
Posts: 22,315
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 |
BT owned Yahoo  Yahoo! probably make more money each year then the couple of billion BT manage! BT Yahoo! is a strategical partnership, Yahoo! offer the customer's their content and provide email facilities etc, and BT offer the customer their ISP services etc... Works well for both companies as BT get to offer user's a massive portal and lots of perks, and Yahoo! suddenly get a million new visitors overnight, which is essential for generating and increasing ad-revenue! Either way, BT could not afford £25billion in a million years now, the company is crippled by Ofcom gradually opening up the market and BT having competition for the first time ever! 
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