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Yahoo! rejects Microsoft, turns to AOL?
As expected, Yahoo! has rejected Microsoft's bid to take over the web portal and its network of services. Microsoft had been offering $44.6 billion for Yahoo!, which the Yahoo! board claims undervalues the company. Microsoft has a few options available. The company could raise its bid price, or it could try to circumvent the board's decision by taking the offer directly to the shareholders. Meanwhile, Yahoo! is "evaluating all of its strategic options." The rumor du jour is that Yahoo! is in talks with this blog's parent company, AOL. The move makes some sense, as AOL has been remodeling itself in recent years as a company focused on online services and advertising, rather than a dialup and broadband service provider. Yahoo! would bring a lot of expertise to the table, while the two companies would be well positions to compete with the other giants in online software, Google and Microsoft.
Comments
9
Subscribe to commentsJoshFeb 11th 2008 10:48AM
You forgot to mention that AOL remodeled itself and now looks almost identical to Yahoo. :P
ToddFeb 11th 2008 11:04AM
SEC filing and shareholder message:
http://yhoo.client.shareholder.com/press/releasedetail.cfm?ReleaseID=293129
...I am ecstatic that Yahoo has grown a pair and wants to fight the Evil Empire, but I am also seriously worried the share holders are going to sue the board of directors right out of their jobs. Lawyer types, people who know the ins and outs of holding a seat on a board, what will happen?
DavidBluthFeb 11th 2008 11:08AM
This is truly surprising and great. I'm pretty damn proud of Yahoo! now. Guess they don't need this help anymore: http://www.5min.com/Video/How-to-Negotiate---Tips-for-Yahoo-5794173
TurboFoolFeb 11th 2008 11:40AM
Brilliant idea. I mean it worked wonders for Time Warner, right?
Alan RootFeb 11th 2008 2:32PM
If Yahoo conforms into AOL, I'll not use them ever again. I did not like AOL at all. I'd rather use Microsoft or Google instead.
rohanFeb 11th 2008 5:36PM
"while the two companies would be well positions to compete with the other giants in online software, Google and Microsoft."
Are you crazy?
AOL, if anything, would only push Yahoo closer to obscurity. They would further marginalize Yahoo towards the "granny crowd".
SteveFeb 11th 2008 5:47PM
Everything AOL touches withers and dies.
Brad LinderFeb 11th 2008 5:48PM
Glad to see you still like our site. :)
AmyMar 8th 2008 5:24PM
I hope AOL and Yahoo defeat the Microsoft Company. I am so annoyed at Microsoft...