Friday, September 5, 2008, 1:31AM ET - U.S. Markets open in 7 hours and 59 minutes.
- Home
- Tech Industries
- Topics
- Reporters
- Subscribe
CONFIRMED: Microsoft-Yahoo in Negotiations, Price Up 'Several Dollars'
Posted May 02, 2008 03:55pm EDT by Henry Blodget in Investing, Internet, Venture Capital, M and A, IPOs
From Silicon Alley Insider, May 2, 2008:
UPDATE: The WSJ has confirmed our earlier assumption: Microsoft has been silent because Microsoft and Yahoo are now negotiating seriously about consummating a friendly deal. Microsoft has raised its bid "by several dollars."
According to the WSJ, a "deal was not imminent and the people familiar with the matter said an agreement was not likely on Friday. The people cautioned that the talks could fail to produce an accord."
The NYT adds that Microsoft has increased its price by "several dollars" (presumably to $32-$33). Yahoo's stock, which has been climbing all day, has now spiked.
EARLIER: Some folks seem to be under the impression that Microsoft (MSFT) is having trouble making up its mind about what to do about Yahoo (YHOO) and that that's why we haven't heard anything.
Please.
The silence suggests that two companies are negotiating furiously behind the scenes. The fact that CNBC's David Faber was able to report this morning that we won't hear anything until the weekend (if then) suggests that the companies have found--or are close to finding--common ground.
In fact, the longer the silence lasts, the more likely we are to get a deal. The companies are very close--$33 and $37, per the Journal--so a deal seems likely even without serious negotiations. But at this point, if there were any true deal-killers on either side, Microsoft already would have walked (or gone hostile or whatever).
110 Comments
rollingstonegathersnomoss - Friday May 02, 2008 04:08PM EDT
I say $35 as they split the difference .......this is getting old
z06kiler - Friday May 02, 2008 04:18PM EDT
just strike a deal already and make us some money....
J K - Friday May 02, 2008 04:22PM EDT
Balmer is an idiot. There is still time to walk away. Who gives rats ass to Jerry Stinking Young..
platoprez - Friday May 02, 2008 04:24PM EDT
They should walk away and buy them next year for $25.00
Robert S - Friday May 02, 2008 04:25PM EDT
I've said 34-35 right from the beginning. The number depends on who blinks first.
Yahoo! Finance User - Friday May 02, 2008 04:26PM EDT
okay, this joke has gone far enough, the whole acquisition thing. MSFT shouldn't be walking away from the YHOO deal--it should be running away, in my opinion... but right now, assuming MSFT *really* wants YHOO, I think it's cheaper to just oust the YHOO board now, since that's what will happen anyways, if MSFT ever does acquire YHOO.
aj_in_charlotte - Friday May 02, 2008 04:28PM EDT
MSFT walks away and people cry about why they didn't sell their Yahoo
isyck21 - Friday May 02, 2008 04:31PM EDT
I would like to see the deal get done at $54. More than likely it will only get to $47
TOM - Friday May 02, 2008 04:31PM EDT
The deal will be done at $37+..... Say what you will, but , there exists a symbiotic relationship between the two giants.
Yahoo! Finance User - Friday May 02, 2008 04:33PM EDT
$33 no deal $35 should think $37 should bargain $40 God help Y!
just a man - Friday May 02, 2008 04:33PM EDT
Walk away at $33.00. Declare a special $5.00 dividend on the stock, then buy'em for $25.00 in six month.
Andy L - Friday May 02, 2008 04:35PM EDT
pleaseeeee ask the two guys to put their hands down. They just look so awful with those hand movements.
gendarae1 - Friday May 02, 2008 04:37PM EDT
I agree, Microsoft should do the right thing for its shareholders and walk away from the little babies that run yahoo. Then come back next year and offer $15.00
herothydragon - Friday May 02, 2008 04:40PM EDT
if MSFT go hostile, would your yahoo share holders sell or hold?
Post a Comment
Recent Posts
Most Recommended
Copyright/IP Policy - Terms of Service - Privacy Policy - Help
Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges.
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Dividend data provided by Hemscott Americas. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Hemscott Americas. Fund summary, fund performance and Morningstar Index data provided by Morningstar. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
Dre - Friday May 02, 2008 04:03PM EDT
The deal will get done at $36 mark my word.