I know you guys heard about these rumors in the past few days. This is one of the biggest actions that Microsoft wanted to pursue. We all know that Yahoo Company is one of the biggest search engines in this industry, right? Well, I think this is one of the reasons why Microsoft Company wanted to go hand in hand. They wanted to have this combination because they think that they will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising. In fact, they are offering Yahoo Company a $44.6 billion or $31 per share. Definitely this is a very huge amount, right?
After several days and months, Yahoo! put an end to all the speculations around Microsoft’s unsolicited bid on Monday. The answer was a big no, thank you, and the motivation was that the Sunnyvale-based company’s board considered that the offer greatly undervalued Yahoo! Considering this rejection the Microsoft couldn’t go unanswered, so Steve Ballmer, Microsoft’s CEO issued a statement saying, among others, that “A Microsoft-Yahoo! combination will create a more effective company that would provide greater value and service to our customers.” But Yahoo! response does not change their belief in the strategic and financial merits of their proposal. Thus, Microsoft had said that they have the right to pursue all necessary steps to ensure that Yahoo!’s shareholders are provided with the opportunity to realize the value inherent in their proposal.
Well, I guess there is much more to talk about with this proposal. So, until then when they will arrive with a good resolution. After all, they just wanted to have a very good service for us consumers. Well, how about you guys? What do you think with this issue?
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That’s interesting. I didn’t know about this at all. It would have been interesting to see those two companies joining hand in hand though! Two major mega companies, would totally sweep all other competitors away.
I’ve blog quite a few articles on this topic too. There will be many turns before that really happen.
I get to know your blog through My Sassy Mind. Mind exchanging links?
Google and MS are really battling it out, its like a never ending war between those two lol!