Monday, December 28, 2009, 4:20AM ET - U.S. Markets open in 5 hours and 10 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).
Himanshu - Friday May 02, 2008 04:45PM EDT
MSFT should walk away. I am sure Yahoo will dropped to $10-$15 within 12 months.
Himanshu - Friday May 02, 2008 04:45PM EDT
MSFT should walk away. I am sure Yahoo will dropped to $10-$15 within 12 months.
Yahoo! Finance User - Friday May 02, 2008 04:50PM EDT
my bet is $36.54 will be the final price
Yahoo! Finance User - Friday May 02, 2008 04:56PM EDT
Its $36 and Above, or else its not a deal.
geon - Friday May 02, 2008 04:57PM EDT
Folks thinking yahoo will be a lot lower for very long if msft walks, are fools.
Admin - Friday May 02, 2008 04:57PM EDT
Walk away, Microsoft should buy Sun Microsystems instead.
Degner - Friday May 02, 2008 04:58PM EDT
How can anyone give a struggling company so much negotiating leverage? It was a $19 stock before the offer! $31 offer for a $19 stock is generous. If they raise it to $35, they're off their rocker! Go hostile instead of caving in!
lil - Friday May 02, 2008 04:58PM EDT
YHOO wants $37 MSFT wants at $33 I will be OK with $35! Jim Goldman of CNBC sounds like an old tape! Old tape since Early FEB 08 until Now! His source(s) sound like they are out of the MSFT management loop!
Rio - Friday May 02, 2008 04:59PM EDT
S&P heading south to 780 level! I would wait another year and pick it up for $15 bucks!!
Dick - Friday May 02, 2008 05:00PM EDT
I've been saying $35 will git 'er done! Long Yahoo, no position in Softy! BOOOOOOOOOYAAAAAAAAH SKI DADDY!
lil - Friday May 02, 2008 05:02PM EDT
MSFT cant afford to walk away for not making a higher bid by $4-$5. If they walk away I would be shocked. YHOO will see a short term dip but Boy O Boy Yang will go all out to get MSFT in every cornier they business in. Then they have GOOG to contend with! No way MSFT walks. NO WAY! They will make concessions to YHOO under wraps but No way they will walk! THEY CANT AFFORD TO!
oto - Friday May 02, 2008 05:03PM EDT
TAKE A WALK!!! AND COME BACK IN FEW MONTHS WITH A $26 OFFER!!! YHOO will get down where it belongs and 26 would be a blessing from heaven....wait and see!!! Why pay $46 Billion when You can Pay much less like $38.5 billion ...
Yahoo! Finance User - Friday May 02, 2008 05:04PM EDT
Yahoo files for bankruptcy. Microsoft picks it up for $2 a share !!!!
Henry T - Friday May 02, 2008 05:05PM EDT
Wow...few days ago..I have said 3 thing...#1- The deal is not dead line..( remember last weekend was due day ) #2- Msft have Cash on hand He must to do some thing ( Rule of business field ; business-man never let $$$ under table !Money must moving make $$$ or lost ) #3- Mr. Ballmer is talking too lound but inside his heart still in-love Yhoo. Now, the Deal....on the table of two guys...only Price...I can predict...about $34-35 ( but #34 is possible 31+37=38; 38/2=34 ) Let see this week end...!!! if some one interest discus more stocks about technique analysis please e-mail to me : vi_amtrading@yahoo.com or truong12141@sbcglobal.net. We will learn together! Thank.
Want to post a comment? Sign in now to begin.
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. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. 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.
Yahoo! Finance User - Friday May 02, 2008 04:42PM EDT
I agree with above opinion expressed about YHOO employees, also the problem is from top-down. look at the irrelevance of their search engines and map lookups, their useless spam filters, etc etc. the only reason Yang insists that YHOO is worth $3x is that he spent a lot of effort ousting Samuel Semel and Susan Decker, giving them big packages to underperform and later to walk away... MSFT is too generous, should be asking money to take YHOO, what's left of it.