Microsoft Bid for Yahoo Off - Let the games begin
So it appears that Microsoft has withdrawn their bid for Yahoo. A bit of a surprise that Microsoft didn’t try a hostile takeover, but I guess that would be business suicide considering Yahoo’s continuing refusal to work a deal with them. Could only get worse if MS attempts something hostile. Good on them not to will to Yahoo’s weak attempt to push the share price up. Now let the speculation run wild as to what will happen next with Yahoo.
- Yahoo’s share price tanks on Monday (it rose quite a bit after MS bid)
- Once the share price drops (see above) Microsoft comes back to the table and attempts to purchase at a lower price
- MS goes after AOL instead
- Google laughs and breathes a side of relief and negotiates some kind of ad/search deal with Yahoo
- Steve Balmer leaves Microsoft over this failed bid
- NewsCorp now goes after Yahoo
All I can say is that there will be some interesting developments from some of the biggest players in technology and could have some serious aftershocks throughout the industry. Stay tuned!
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Unscientific and unsupported theories on life, sports, tech and all things important to me.
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Breathes a sigh of relief; makes more sense than “breathes a side,” no?
@don Um thanks professor. Do you have anything to say about Microsoft/Yahoo situation?