What is Microsoft up to?.... In, out, in, out and in again?
from May 6th, 2008
Quote:
Microsoft's international president has said it is "the end of the story" with Yahoo after the internet firm refused its higher offer at the weekend.
Jean-Philippe Courtois said Microsoft would be concentrating on boosting its online services business.
Both Microsoft and its takeover target Yahoo are under pressure from some shareholders to do a deal or find other partners to compete with rival Google.
Microsoft withdrew from talks after it failed to agree a price with Yahoo.
I wouldn't rule out some partnerships, but we don't have anything imminent there
Bill Gates, Microsoft chairman
Asked if that was the end of the story with Yahoo, Mr Courtois replied: "Absolutely, that's the end of the story. We are moving on because our strategy is very clear."
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OK, so Microsoft are out....end of the line, finished, finito!.....or not?
from 19th May, 2008....
Quote:
Microsoft has said it is considering a deal with Yahoo which would not involve a full buyout of the company.
Microsoft's previous offer to buy Yahoo for $33 a share - a figure which valued the company at $47.5bn (£24.36bn) - was turned down.
Now Microsoft says it is discussing with Yahoo an alternative transaction, but did not provide any detail.
In a statement, Microsoft said it "is not proposing to make a new bid to acquire all of Yahoo at this time, but reserves the right to reconsider that alternative".
It issued the statement, it said, "in light of developments" since the company withdrew its bid two weeks ago.
Microsoft stressed that a deal may or may not follow from Sunday's statement.
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In the mean time... after Microsofts latest announcement had hit the press, Google were a bit slow about it admitting when questioning that they "had only just heard". Perhaps Microsoft is planning to only purchase
part of Yahoo
At least yahoo stock will hold their value for a few more days/weeks, the plot thickens
James.
Yahoo - even more updates
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