resource center
  See your link here
|
IDG News Service - Microsoft Corp. continued talks with Yahoo Inc. today in hopes of agreement on a "friendly takeover" of the Internet company, The Wall Street Journal reported.
This afternoon, the Journal, quoting people familiar with the matter, reported that although talks between the two companies to reach a friendly deal have intensified, an agreement was unlikely to happen today. According to the Journal, the sources said that today's talks may not result in a deal at any point.
Both Microsoft and Yahoo declined comment this afternoon.
"With the right circumstances, it'll happen. Without the right circumstances, it won't happen," Microsoft CEO Steve Ballmer said in an interview with the Journal yesterday.
Microsoft's board met Wednesday to discuss its next step for the proposed deal, announced Feb. 1, which offered $44.6 billion for the Internet company. Yahoo rejected the offer, leaving Microsoft with the choices of walking away or attempting a hostile takeover. The report quoted people familiar with the matter regarding Microsoft's lean toward a takeover fight.
Ballmer also told Microsoft employees yesterday, "I will go to what I think it's worth if that gets a deal done," the report said.
Microsoft is also considering raising its bid from $29 per share to $32 or $33 per share. Yahoo rejected that offer, stating that a fairer valuation is $35 to $37 per share. Since Microsoft's own share price has declined since the February offer, the company would have to adjust its offer in order to reach the original terms of the deal, a mixture of cash and Microsoft shares.
Yahoo took its own steps yesterday, moving closer to an agreement with Google Inc. to begin carrying its ads, a deal that would bring Yahoo up to $1 billion more per year in revenue and make a Microsoft takeover more difficult.
Google, Microsoft and Yahoo have not commented publicly on the reports.
Linda Rosencrance of Computerworld contributed to this report.
IDG.net
Death to PST Files
Download Now
Business Process Framework Demo
Learn about Configurable Business Processes and Calculated Fields. Watch Now!
A Green Architectural Strategy That Puts IT in the Black
Levergage green computing across your data center. Read more now.
Manager Experience Demo
Go beyond self-service solutions to perform more effectively. Watch Now.
Quantifying the Business Value of VMware View
Learn why you should invest in a centralized virtual desktop.
WAN Optimization as a Managed Service: More than Network Cost Savings
View this Webcast Now!
Forrester Consulting Mobility Study: Taking Control of Enterprise Mobile Device Diversity
Download Now
Asia-Pacific Enterprise Network Solutions
Learn through this Webcast how your business can achieve reliability, performance and value in hard-to-reach locations within the Asia-Pacific region.
What IT Must Do to Support Employee-Owned BlackBerry, iPhone and Android Mobile Devices
Download Now
Mainsoft Webcast w/ Forrester Research: Drive SharePoint Adoption in Lotus Notes Shops
How can you drive mainstream user adoption of Microsoft SharePoint when your users rely on Lotus Notes?
Sign up to receive updates on the latest Networking and Internet resources
Disaster Recovery & Cost Savings Zone
Thousands of customers world-wide have turned to virtualization solutions from Riverbed as a way to reduce costs.
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDC
IDG
IDG Connect
IDG Knowledge Hub
IDG TechNetwork
IDG Ventures
IDG.net
InfoWorld
ITwhitepapers
ITworld
JavaWorld
LinuxWorld
Macworld
Network World
PC World
The Industry Standard
Copyright © 1994 - 2010 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission ofComputerworld Inc. is prohibited. Computerworld and Computerworld.com and the respective logos are trademarks of International Data Group Inc. |
