Yahoo! rejects Microsoft offer - bit-tech.net Forums

Tim S · 11th Feb 2008, 11:49

http://www.bit-tech.net/news/2008/02...offer_report/1

According to a report citing sources familiar with the situation, Yahoo! will reject Microsoft's $44.6 billion buyout offer.

samkiller42 · 11th Feb 2008, 11:56

Ouch, that will be some blow to MS, and i bet Google are rolling around in joy. $60billion is some figure, would it be worth MS's trouble if its that amount?

Sam

mikeuk2004 · 11th Feb 2008, 12:35

Nice to see that Yahoo isnt going to roll over becuase its MS. Now, are MS going to play ball?

[USRF]Obiwan · 11th Feb 2008, 12:53

If i would be MS, i would say: Well... then i will pass. bye.

That would be really awesome to do, because then yahoo shares drop like a melting iceberg...
But then Google will probably buy them for 1/3 of the MS price.

Cupboard · 11th Feb 2008, 13:02

Is this a suicide attempt from Yahoo? They really need to get a grip. Personally, it doesn't really bother me (I mean it would be nice to got Google some competition but I don't know if I would want it to be from Microsoft) but from Yahoo's perspective this is just ridiculous.

lewchenko · 11th Feb 2008, 13:30

Yahoo dont really want to sell. But if they are forced to sell, then they will extract the highest possible price from MS. A shame really.. that greed is driving this deal, and not the merit of whether it makes strategic sense.

By delaying like this, the yahoo senior board members will be hoping to make even more money from any such deal. Of course it could all backfire on yahoo as well.... such is the nature of the risk.

I didnt even think yahoo was valued anywhere near the original MS bid, which was already 62% over and above what they market thought yahoo was actually worth.

I also read that google only has about 6Billion in cash going spare, so a google buyout would need to be heavily share based rather than the 23Billion cash offer from MS.

My view is that MS is over paying... just like Ebay did with Skype, and AMD did with ATI etc etc.

oasked · 11th Feb 2008, 13:40

If MS pay that much for Yahoo then they're idiots - it's not worth anything like that much money.

Tim S · 11th Feb 2008, 14:17

Yahoo! has issued a statement... story has been updated to reflect this.

RTT · 11th Feb 2008, 14:31

Google must be wetting their pants with laughter over this...

naokaji · 11th Feb 2008, 14:52

Quote:

Originally Posted by Cupboard

Is this a suicide attempt from Yahoo? They really need to get a grip.

nope, they are just trying to jack up the price..... like 40 something billions (~60% over current share value) woudnt be enough, greedy *******s.

EmJay · 11th Feb 2008, 17:31

Notice that they're dickering about price, not about whether or not they want to sell... I'm guessing this is going to go through, it's just a matter of who's going to give in on price first.

Flibblebot · 11th Feb 2008, 18:28

But it didn't "overvalue" their brand until the share price went through the roof on the back of rumours about an MS takeover. The original offer was a 60% premium on the current share price. I'm sure MS will be happy to wait until the share price sinks again.

HourBeforeDawn · 11th Feb 2008, 22:49

so that means that instead of yahoo taking their offer, M$ just has to sit back and start buying up yahoo shares until they become majority owner and then yahoo loses out big time.

The_Beast · 11th Feb 2008, 22:56

M$ will suck up share of yahoo

Yahoo should have taken the deal

rhuitron · 12th Feb 2008, 09:43

I will laugh out Loud if tomorrow or this week, something where to happen to Yahoo and made it "hit to the ground running" stock-wise.

11th Feb 2008, 11:49	#1
Tim S Pewlius Caesar bit-tech Staff Join Date: Nov 2001 Location: Ascot, Berks Posts: 18,021	Yahoo! rejects Microsoft offer http://www.bit-tech.net/news/2008/02...offer_report/1 According to a report citing sources familiar with the situation, Yahoo! will reject Microsoft's $44.6 billion buyout offer. __________________ Tim on Twitter \| Tim's Blog \| Tim's Flickr The bit-tech Blog \| bit-tech on Twitter \| Join the bit-tech & Custom PC folding team (#35947)

11th Feb 2008, 11:56	#2
samkiller42 KEEP IT CLEAN! Join Date: Apr 2006 Location: Havant, Hampshire, England Posts: 3,188	Ouch, that will be some blow to MS, and i bet Google are rolling around in joy. $60billion is some figure, would it be worth MS's trouble if its that amount? Sam __________________ The Rig: i7 920 D0, Gigabyte EX58-UD5, 12GB DDR3 1600mhz, BFG GTX295, Samsung 64gb SSD, WD 640gb Black, Samsung F2 Eco 1TB, Dell 3007WFP, Windows 7 RC. The Netbook: Samsung NC10 Black, Intel Atom, 2gb DDR2 Xbox Live: samkiller42¦PSN: samkiller42¦Bungie: samkiller42

11th Feb 2008, 12:35	#3
mikeuk2004 What you Looking at Fool! Join Date: Sep 2004 Location: Sheffield, UK Posts: 3,052	Nice to see that Yahoo isnt going to roll over becuase its MS. Now, are MS going to play ball? __________________ -\|- Xfire - Mikeuk2005 -\|- Xbox Live - Mike UK 2006 -\|- Playstation Network - Mikeuk2004 -\|-

11th Feb 2008, 12:53	#4
[USRF]Obiwan Ultramodder Join Date: Apr 2003 Location: Netherlands Posts: 1,220	If i would be MS, i would say: Well... then i will pass. bye. That would be really awesome to do, because then yahoo shares drop like a melting iceberg... But then Google will probably buy them for 1/3 of the MS price. __________________ Mascleta: "The most accurate simulation of thunder, humans can simulate..." The answer is 42, so... whats the question again? If you know what 'Peek' and 'Poke' represents, then you are probably as old as me.

11th Feb 2008, 13:02	#5
Cupboard I'm not a modder. Join Date: Jan 2007 Location: Bury St Edmunds/Durham Uni Posts: 1,848	Is this a suicide attempt from Yahoo? They really need to get a grip. Personally, it doesn't really bother me (I mean it would be nice to got Google some competition but I don't know if I would want it to be from Microsoft) but from Yahoo's perspective this is just ridiculous. __________________ i7 920, 8800GTS 512, 6GB Corsair all in an Intel DX58SO; 3*320GB RAID5; CM Stacker Samsung Q45.

11th Feb 2008, 13:30	#6
lewchenko Supermodder Join Date: Dec 2007 Posts: 322	Yahoo dont really want to sell. But if they are forced to sell, then they will extract the highest possible price from MS. A shame really.. that greed is driving this deal, and not the merit of whether it makes strategic sense. By delaying like this, the yahoo senior board members will be hoping to make even more money from any such deal. Of course it could all backfire on yahoo as well.... such is the nature of the risk. I didnt even think yahoo was valued anywhere near the original MS bid, which was already 62% over and above what they market thought yahoo was actually worth. I also read that google only has about 6Billion in cash going spare, so a google buyout would need to be heavily share based rather than the 23Billion cash offer from MS. My view is that MS is over paying... just like Ebay did with Skype, and AMD did with ATI etc etc.

11th Feb 2008, 13:40	#7
oasked Stuck in the Mud Join Date: Aug 2005 Location: Bromley, Kent Posts: 2,552	If MS pay that much for Yahoo then they're idiots - it's not worth anything like that much money. __________________ Intel i7 920 @ Stock \| 6GB Corsair DDR3\| Gigabyte GA-EX58-UD5 WD640 AALS \| POV 8800GT \| Lian-Li PC65 \| Enermax 600W SLI \| Dell 2408WFP

11th Feb 2008, 14:17	#8
Tim S Pewlius Caesar bit-tech Staff Join Date: Nov 2001 Location: Ascot, Berks Posts: 18,021	Yahoo! has issued a statement... story has been updated to reflect this. __________________ Tim on Twitter \| Tim's Blog \| Tim's Flickr The bit-tech Blog \| bit-tech on Twitter \| Join the bit-tech & Custom PC folding team (#35947)

11th Feb 2008, 14:31	#9
RTT bwarp Moderator Join Date: Mar 2001 Location: Berkshire Posts: 12,987	Google must be wetting their pants with laughter over this... __________________ This post is non-negotiable. All terms and conditions apply. Arguing on the internet is like competing in the special Olympics. Even if you win you're still a retard.

11th Feb 2008, 17:31	#11
EmJay Supermodder Join Date: Jun 2007 Posts: 315	Notice that they're dickering about price, not about whether or not they want to sell... I'm guessing this is going to go through, it's just a matter of who's going to give in on price first. __________________ Current status: Modding on

11th Feb 2008, 18:28	#12
Flibblebot Free from artificial flavourings Join Date: Apr 2005 Location: Right here, right now Posts: 2,233	But it didn't "overvalue" their brand until the share price went through the roof on the back of rumours about an MS takeover. The original offer was a 60% premium on the current share price. I'm sure MS will be happy to wait until the share price sinks again. __________________ My uber-system: 66Mhz 486DX2, 8Mb RAM, 20Mb hard drive, 256 colour VGA adaptor (goes all the way up to 800x600!), keyboard AND serial mouse

11th Feb 2008, 22:49	#13
HourBeforeDawn a.k.a KazeModz Join Date: Oct 2006 Location: Cali, USA Posts: 1,796	so that means that instead of yahoo taking their offer, M$ just has to sit back and start buying up yahoo shares until they become majority owner and then yahoo loses out big time. __________________ Current Rig: RubyRED • Lian-Li A05B • (2) Swiftech 220 Radiators • (2) D5 Variable Pumps • (2) Res • and a whole lot of modding • Retired Rig: Project F.E.A.R. • TT Lanbox Lite • Swiftech H2O-120 • Q6600 G0 OC@3.6ghz • 2900XT • 4gb SuperTalent Memory •

11th Feb 2008, 22:56	#14
The_Beast I am The Stig Join Date: Apr 2007 Location: Wisconsin Posts: 3,227	M$ will suck up share of yahoo Yahoo should have taken the deal __________________ Rendering Machine - Gigabyte DS3L P35 - C2Q Q6600 - Antec New Solution Series NSK4480B - Corsair XMS2 2Gb - Sapphire 2600 XT 256mb - Seagate 'Cuda 320 GB - Antec Earthwatt 430 watt - Windows XP Pro -

12th Feb 2008, 09:43	#15
rhuitron Bump? What Bump? Join Date: Aug 2006 Location: Northern California, Usa Posts: 122	I will laugh out Loud if tomorrow or this week, something where to happen to Yahoo and made it "hit to the ground running" stock-wise. __________________ You use an Apple?? Go play in traffic.