Yahoo Formally Rejects Microsoft Offer

H

HardOCP News

[H] News
Joined
Dec 31, 1969
Messages
0
Yahoo has formerly rejected Microsoft’s offer. Smart move? Stupid move? Don’t care? Makes you wonder if Microsoft will up its bid or take a deal directly to the shareholders.

Yahoo's rebuff raises the stakes in a battle involving two of the world's most prominent technology companies. Many analysts expect Microsoft to raise its offer by $5 billion to $12 billion to entice Yahoo to sell. Yahoo is believed to want a bid of at least $56 billion, or about $40 per share.
Click to expand...
 
This is great news for Microsoft.

Let them reject the offer. Hold off and say that you think Yahoo isn't worth that much money (Look at their 2 year stock price value and you'll agree) and when their new CEO helps to lower the price even further Yahoo will come begging for you to buy them for $25 a share.
 
It'd be great if MS just said "Hey, OK". Then let them remember this 8 months from now when their stock is worth much less...

Though that wont happen, it'd be great none the less.
 
Meh, not worth what Yahoo wants. The money is better invested elsewhere.
 
Yahoo rejects offer....Translation = The Golden Parachutes offered the suits of Yahoo weren't big enough. :rolleyes:
 
lol, this is like a guy trying to sell his house for twice the market value in a bad economy. Good luck to yahoo, I think this was a mistake.... MS probably already overpaid on the offer anyways.
 
If the world's largest software maker wants Yahoo badly enough, Microsoft could try to override Yahoo's board by taking its offer — originally valued at $31 per share — directly to the shareholders. Pursuing that risky route probably will require Microsoft to attempt to oust Yahoo's current 10-member board.
Click to expand...

Now that would be great. :p
 
Imagine if someone at Microsoft. or yahoo knew about this when yahoo shares were low
bought a bunch before the first announcement, and sold them just in time for this one.
 
I just hope whoever's rejecting this isn't like the owner of the bowling alley I worked at. Place went under solely because of him.

Another guy who owned like at least 4 other bowling alleys offered some big bucks for the place. The alley itself was worth maybe a couple million tops due to how much work was needed. Guy was offering close to triple that. It was a league house so you know the people were there every night either way. But the idiot owner wanted more.

Then when the place finally closed down he chased the potential buyer off completely when he tried to nickel and dime his way back to breaking even by having the owner buy every piece of the place seperately. And now he has nothing to show for it other than a giant pile of dirt, as it's been demolished.

Yahoo, are you LISTENING!? Stop being retarded like my former boss!
 
SamuraiInBlack said:
I just hope whoever's rejecting this isn't like the owner of the bowling alley I worked at. Place went under solely because of him.

Another guy who owned like at least 4 other bowling alleys offered some big bucks for the place. The alley itself was worth maybe a couple million tops due to how much work was needed. Guy was offering close to triple that. It was a league house so you know the people were there every night either way. But the idiot owner wanted more.

Then when the place finally closed down he chased the potential buyer off completely when he tried to nickel and dime his way back to breaking even by having the owner buy every piece of the place seperately. And now he has nothing to show for it other than a giant pile of dirt, as it's been demolished.

Yahoo, are you LISTENING!? Stop being retarded like my former boss!
Click to expand...

The opposite will happen with Yahoo though. Microsoft isn't that desperate that they'll offer more. I predict Microsoft would shrug their shoulders and sit back and watch Yahoo dig themselves deeper, then beg Microsoft to pick up the slack. Microsoft will then offer less than what they did now and Yahoo will have no choice but to take it or die.

That is, unless Google stick their feet in the game.
 
I am not to sure Google will want any part of Yahoo. They have to be mindful of the governments and monopolistic practices.

If they try to buy Yahoo the EU will go ape doo doo and hold their hands out to look the other way. Yup I said the EU is nothing more than a school yard bully looking to steal lunch money.

Besides Google doesn't have nearly as much cash on hand as MS does. To top it off look at the resistance Google faced when trying to buy onClick or clickthis (whatever they are called) They still haven't finished that deal.
 
Azhar said:
The opposite will happen with Yahoo though. Microsoft isn't that desperate that they'll offer more. I predict Microsoft would shrug their shoulders and sit back and watch Yahoo dig themselves deeper, then beg Microsoft to pick up the slack. Microsoft will then offer less than what they did now and Yahoo will have no choice but to take it or die.

That is, unless Google stick their feet in the game.
Click to expand...

I tend to agree with you here. I mean how does this positively affect Yahoo? I think they could find themselves in deep trouble after Microsoft steps away from the table. I guess we will see.
 
Ok Yahoo, you want to keep picking briefcases, let's just call the banker and see what he's gonna offer next. Time to step back, catch a little breath, and offer LESS!
 
I say Microsoft should just move on without them. They are wasting their money. Yahoo is just holding out for more money than the company is worth. Personally, I don't think they are worth 10B, much less 40+. They could just wait for Yahoo to go down further and then offer them less :)

Microsoft just needs to stop trying to be #1 in everything and stick to what they do good and spend the money on improving that part. 40B+ can go a long way into making it's current programs better. Who gives a rat's ass about more search engines.

That or they could spend the money on coming up with something that would pull the users in, instead of trying to buy another company's users and putting them in debt.
 
I'll tell you what doesn't make sense here.

Yahoo stock value went up 50% upon the annoucement than Microsoft intended to buy Yahoo. Microsoft's fell. On today's market.. Yahoo still holds it's inflated value from the offer, and Microsoft is still down, even though Yahoo turned down the offer.

The market makes no sense sometimes.
 
I'll tell you what doesn't make sense here.

Yahoo stock value went up 50% upon the annoucement than Microsoft intended to buy Yahoo. Microsoft's fell. That's typical because Microsoft would be acquiring Yahoo at an inflated value.

Skip forward -- On today's market, on the heel of the rejection Yahoo still holds it's inflated value from the offer, and Microsoft is still down, even though Yahoo turned down the offer.
I'd expect the values to head to previous values at least partially on the rejection news --

The market makes no sense sometimes.
 
Archaea said:
I'll tell you what doesn't make sense here.

Yahoo stock value went up 50% upon the annoucement than Microsoft intended to buy Yahoo. Microsoft's fell. On today's market.. Yahoo still holds it's inflated value from the offer, and Microsoft is still down, even though Yahoo turned down the offer.

The market makes no sense sometimes.
Click to expand...


I think investors are hoping for a deal to be struck. If MS backs down completley and abandons them, you are going to see the opposite reaction IMO.
 
Yes, but to see no change at all on Yahoo's rejection is completely odd to me.


see this crazy jump? at the end of the six month...from like $20 to $30 in one day?


http://finance.yahoo.com/q/bc?s=YHOO&t=2y&l=on&z=m&q=l&c=

That jump was made entirely on speculation when MS offered to buy Yahoo. Nothing happend, the deal was rejected - just as quick as it jumped it should in theory fall back to "before levels" MS should rise, yahoo should fall.


That day I thought a $20-$30 jump in share prices is insane for an unconfirmed, unsolicited, and totally just thown out there offer and it's even more insane that nothing happened on the rejection.

If investors are thinking MS will pay more then Yahoo should go up today and MS down, If Investors are thinking MS will say too bad then why haven't things equalized?
 
maybe microsoft will just go around and buy up all the smaller search engines and finally make there search engine better than yahoo. i still cant wait for google to come out with a messenger service nor can i wait for google to buy the 700Ghz spectrum, they might even offer a free cellphone with unlimited miniutes, just might have to put up with ads, but hey FREE is FREE!
 
DeFex said:
Imagine if someone at Microsoft. or yahoo knew about this when yahoo shares were low
bought a bunch before the first announcement, and sold them just in time for this one.
Click to expand...

That's called insider trading, and it's illegal. That's why Martha Stewart went to jail (ok, technically not, she went to jail for lying about the trade, but the reason it was investigated at all is because the feds thought that it might have been insider trading).

My personal opinion on the matter is that Microsoft ought to withdraw the offer. The merger would have been hard enough without it being a hostile take over. The only reason Yahoo stock is up is because of the expectation of a huge cash infusion from Microsoft. Take that off the table, let Yahoo tank, and then go pick up the scraps. No one else is in a position to buy Yahoo. Time Warner is looking to dump AOL, Google has too much of a market share for them to purchase Yahoo without anti-trust regulators busting a vein, and companies like Apple and Disney are unlikely to piss away that much money on something outside their core business.
 
Yep and Microsoft should stick to it's core business. The hell with Yahoo.

Drop the offer, let Yahoo tank and pick up the scraps for a LOT cheaper.

The reason the stock hasn't fell back down yet is probably because most people think Microsoft will up it's offer.
 
it doesnt matter i'm not going to use yahoo search engine even if it was MSN-Yahoo... i mean i'll only use google/wiki or other specialty search engines... i even edited my Live Messenger to remove the search bar (and ads ;))

but i was looking forward to my yahoo email address (of 15 years) to be a Live account... :(
 
Their new CEO these last three years at Microsoft has a different strategy from what I've read. Rather than hoard up cash and stick to the core business he is trying to expand and purchase prospective good deals, unless he gets the boot look for more of these types of things to happen from what I've read.


But I'm with the rest of you. MSN isn't a good search engine, Yahoo isn't a good search engine (both at least compared to google - heck I even use google to find and download specific microsoft patches off technet because google finds specifics off microsofts site better than msn's search) --- so why have two 2nd teir search engines? They'll still be a bigger second tier.

Seems like MS's business strategy wasn't broken, as they piled up billions and billions in cash (pretty unique in the business world, and if you consider they are the most successful company ever)

And you know what they say....

If it aint't broke ...........
 
You must log in or register to reply here.
Back
Top