posted
i'm in now at 21.48. seems like everyone in the world except yhoo wants some kind of deal with microsoft. i think something will still happen. shareholders don't seem to be very happy that nothing was done the first time around..
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posted
another deal with MSFT maybe in the works..
SAN FRANCISCO (MarketWatch) - Shares of Yahoo Inc. jumped 7% after a news report said Microsoft Corp. has approached other media companies about a potential joint bid for the Web portal.
According to Wednesday's Wall Street Journal, Microsoft has held talks with Time Warner, News Corp. and other firms about an arrangement in which Microsoft would buy Yahoo's search business, with the other firm buying what's left of Yahoo.
Shares of Yahoo, which has held on-again, off-again talks about being bought in whole or in part by Microsoft, briefly dipped below $20 on Tuesday for the first time since the Redmond, Wash., software giant first launched an unsolicited approach for the Sunnyvale, Calif., Internet-search company.
Yahoo's decline comes as the company undergoes a major reorganization and faces a proxy contest with dissident shareholder Carl Icahn.
The stock was up $1.50 at 21.70 in early trading Wednesday.
News Corp. is the parent of Dow Jones & Co., which owns the Journal, Barron's magazine, Dow Jones Newswires, and MarketWatch, the publisher of this report
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Microsoft open to 'major transaction' if Yahoo replaces board 10:01 AM EDT July 7, 2008 SAN FRANCISCO (MarketWatch) - Microsoft Corp. said Monday morning that it would be open to discussing a "major transaction" with Yahoo Inc. if the Web portal installs a new board of directors at its annual meeting next month.
In a statement, the software giant said it has held discussions with billionaire activist Carl Icahn, who is mounting a proxy battle for control of the Web portal. While not promising a deal, Microsoft said it has concluded that it cannot reach an agreement with the current Yahoo board but would be open to discussions with a new board.
"We confirm, however, that after the shareholder election Microsoft would be interested in discussing with a new board a major transaction with Yahoo!, such as either a transaction to purchase the 'Search' function with large financial guarantees or, in the alternative, purchasing the whole company," the statement read.
Shares of Yahoo jumped nearly 10% in early morning trading Monday. The stock has dropped by more than 25% since Microsoft pulled its $47 billion buyout offer in early May.
In his own statement before the opening bell, Icahn said he has spoken frequently with Microsoft CEO Steve Ballmer over the last week. He said that Ballmer "made it abundantly clear" that he would hold no further talks with the current Yahoo board on worries that any transaction would require a large amount of capital up-front but would takes months to conclude.
"During that period, if the current board and management team of Yahoo! mismanage the company (and their recent track record is far from reassuring), Microsoft would be putting its money at risk and a great deal could be lost," Icahn said in his statement.
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