Microsoft withdraws offer to purchase Yahoo (Google too!) - Canadian TV, Computing and Home Theatre Forums

Walter Dnes · 2008-05-04, 12:22 AM

Stories at http://www.microsoft.com/presspass/p...-03letter.mspx and http://www.komotv.com/news/18550409.html and http://www.news.com/8301-13860_3-993...=2547-1_3-0-20

hugh · 2008-05-04, 08:01 AM

Wow, watch Yahoo stock crash tomorrow!

bolmsted · 2008-05-04, 08:27 AM

Well, the markets behave unpredictably to this sort of stuff.... it could stay stable or go higher because of this move. Nortel's stock went up even though they reported that they lost money in the last quarter, etc

james99 · 2008-05-04, 09:41 AM

I'm sure Yahoo is very very happy.

hugh · 2008-05-04, 10:47 AM

Quote:

I'm sure Yahoo is very very happy.

Really? Maybe the entrenched managers who would have been out of a job are happy but I'll bet shareholders are very upset. After hours on Fri it was trading at almost $30 a share. By the end of Monday, shareholders could lose $5 to $10 billion.

Yahoo management has failed its shareholders miserably in the last five years and this is just one more example of a company that has gone from being a star to a dog.

I expect we'll see a number of class action suits in the coming month.

grog · 2008-05-04, 01:37 PM

It will be interesting to see what happens but it seems likely that Yahoo's stock will take a big hit on Monday. The day before Microsoft made their initial offer of $31 a share Yahoo was trading at $19. It immediately jumped to $28 after the Microsoft bid. I can't see why Yahoo would remain at the $30 level now that MS has withdrawn their offer.

hugh · 2008-11-05, 11:16 AM

After months' of scrutiny from the Department of Justice, Google Inc. announced it is ending its search agreement with Yahoo Inc. Wednesday, citing regulators' and customers' concerns about the agreement.

The Yahoo abyss gets deeper!

granduncle · 2008-11-05, 02:50 PM

Looks very much like a conspiracy between Google and Microsoft to kill Yahoo...

dezzpayne · 2008-11-05, 05:13 PM

Poor poor Jerry Yang. Geez I really feel for the guy. Think I might call him up and offer to trade places.

granduncle · 2008-11-17, 10:35 PM

Jerry Yang Set to Step Down

hugh · 2008-11-17, 11:23 PM

Quote:

If Microsoft doesn't make a new offer this week then I'll bet Jerry Yang will be gone as CEO by the end of the month. I sense Mr. Yang is a pretty smart guy who had the inspiration to start Yahoo but I don't think he's up to running a $30 billion company.

Well, I was wrong about the timing but I'm amazed the board didn't turf him earlier. His arrogance and intransigence cost shareholders $30 or $40 billion.

2008-05-04, 12:22 AM	#1
Walter Dnes Join Date: Jun 2006 Location: Vaughan, Ontario (near Dufferin and Steeles) Posts: 1,894	Microsoft withdraws offer to purchase Yahoo (Google too!) Stories at http://www.microsoft.com/presspass/p...-03letter.mspx and http://www.komotv.com/news/18550409.html and http://www.news.com/8301-13860_3-993...=2547-1_3-0-20 __________________ OTA brings you crystal-clear, uncompressed HDTV, no simsubbing, and the real SuperBowl commercials. You can't get all that on satellite... OR CABLE.

2008-05-04, 08:01 AM	#2
hugh Member #1 Join Date: Dec 2001 Location: Toronto Posts: 47,492	Wow, watch Yahoo stock crash tomorrow! __________________ As of January 2012, I am no longer the owner of the Digital Home website. If you have questions about the operation of the site, please contact VSAdmin. For personal inquiries contact me at the Hugh Thompson website.

2008-05-04, 08:27 AM	#3
bolmsted Veteran Join Date: Mar 2002 Location: York, Ontario Posts: 2,374	Well, the markets behave unpredictably to this sort of stuff.... it could stay stable or go higher because of this move. Nortel's stock went up even though they reported that they lost money in the last quarter, etc __________________ Toshiba 57HDX82\|Denon AVR4310CI\|PS3\|SA8300HD\|Harmony One\|Paradigm [Monitor 9\|CC290\|DSP3100\|ADP190\|Titans]

2008-11-05, 11:16 AM	#7
hugh Member #1 Join Date: Dec 2001 Location: Toronto Posts: 47,492	Google Withdraws from Yahoo Deal After months' of scrutiny from the Department of Justice, Google Inc. announced it is ending its search agreement with Yahoo Inc. Wednesday, citing regulators' and customers' concerns about the agreement. The Yahoo abyss gets deeper! __________________ As of January 2012, I am no longer the owner of the Digital Home website. If you have questions about the operation of the site, please contact VSAdmin. For personal inquiries contact me at the Hugh Thompson website.

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2008-05-04, 09:41 AM	#4
james99 Moderator Join Date: Mar 2002 Location: Burlington Posts: 24,791	I'm sure Yahoo is very very happy.

2008-05-04, 01:37 PM	#6
grog Join Date: Aug 2003 Location: Streetsville, ON Posts: 823	It will be interesting to see what happens but it seems likely that Yahoo's stock will take a big hit on Monday. The day before Microsoft made their initial offer of $31 a share Yahoo was trading at $19. It immediately jumped to $28 after the Microsoft bid. I can't see why Yahoo would remain at the $30 level now that MS has withdrawn their offer.

2008-11-05, 02:50 PM	#8
granduncle Join Date: Apr 2008 Posts: 1,051	Looks very much like a conspiracy between Google and Microsoft to kill Yahoo...

2008-11-05, 05:13 PM	#9
dezzpayne Join Date: Mar 2006 Location: Barrie, ON Posts: 1,374	Poor poor Jerry Yang. Geez I really feel for the guy. Think I might call him up and offer to trade places.

2008-11-17, 10:35 PM	#10
granduncle Join Date: Apr 2008 Posts: 1,051	Jerry Yang Set to Step Down