THE DATA STREAM FOR VISIONARIES OF THE CONVERGENCE ERA      

Latest News


The share price of Yahoo! collapsed after the withdrawal of Microsoft




A mid-day in France, the New York Stock Exchange was not yet open but the Yahoo! plunged already over 20% in Frankfurt where it is possible to exchange the title.

This dramatic fall comes two days after Microsoft announced that he would acquire Yahoo, whose leaders demanded a sum too high.

Speculators should withdraw

The share price of Yahoo! was announced in fall by about 30% at the opening of the Nasdaq in the afternoon. Speculators who bets on a redemption of their shares by Microsoft today have more reason to keep them, although analysts believe that the software giant could possibly return to the charge if Yahoo finally agreed to lower its demands.



"Despite all our efforts, and although we have raised our offer of about $ 5 billion, Yahoo! has not moved forward to accept our offer, "said Saturday the Microsoft CEO Steve Ballmer. Microsoft said to have raised its offer to 33 dollars per share (representing 46.2 billion in total) but that Yahoo! demanded 37 dollars per share, or 5 billion more.

The takeover by Microsoft? A "distraction" for the leaders of Yahoo!

"The amounts requested by Yahoo! is not reasonable for us, and it is in the best interest of shareholders and employees of Microsoft that we retiring our offer, "added he. Microsoft had argued that "Yahoo! would have accelerated our strategy but we can move forward without him, and alluded to "strategic alliances with other partners."

From their side the leaders of Yahoo! had reaffirmed Saturday that the supply of Microsoft "under-evaluated" their group, rejoicing that "the distraction of the offer unsolicited Microsoft is behind us."

Other prey for Microsoft?



It remains to be seen what Microsoft will do with 46 billion dollars were allocated to the acquisition of Yahoo!. The software giant, which wants absolutely become a major player in online advertising, should not keep their hands crossed. The blog reference "Techcrunch" already mentioned the possible acquisition of Facebook or AOL or MySpace. The major maneuvers in Silicon Valley are only maybe just begun.












 

Email Newsletter | Advertising | Privacy Statement | Terms and Conditions | Contact Us  
Copyright © 2000-2008 Maxwork Publishing