Media Outrage

Media Outrage Celebrity Gossip, and everything that is going on in the Media!

Archive for the ‘Microsoft’ Category

Microsoft wants Yahoo for $44.6Billion

Posted by Media Outrage on February 1, 2008

Bill Gates

Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.’s dominance of the lucrative online search and advertising markets.

The announcement sent Yahoo’s share price up 60 percent in premarket trading, while Google fell 8 percent.

In a letter to Yahoo’s board of directors, Microsoft Chief Executive Steve Ballmer indicated the world’s largest software maker is determined to bring the two companies together.

Microsoft sent its latest takeover offer to Yahoo late Thursday, shortly after Semel resigned as the company’s chairman. The letter is addressed to Semel’s successors, new Chairman Roy Bostock and the current CEO, co-founder Jerry Yang, who is one of Yahoo’s largest shareholders.

“Microsoft’s consistent belief has been that the combination of Microsoft and Yahoo! clearly represents the best way to deliver maximum value to our respective shareholders, as well as create a more efficient and competitive company that would provide greater value and service to our customers,” Ballmer wrote.

Yahoo didn’t immediately respond for requests for comment.

Under terms of the proposed deal, Yahoo shareholders could choose to receive cash or Microsoft common shares, with the total purchase consisting of 50 percent cash and 50 percent stock.

Microsoft said it sees at least $1 billion in cost savings generated by the combination, and intends to offer significant retention packages to Yahoo engineers, key leaders and employees. The software giant said it believes the takeover would receive regulatory clearance and close in the second half of 2008.

Signaling Microsoft doesn’t intend to take no for an answer, Ballmer wrote that the company “reserves the right to pursue all necessary steps to ensure that Yahoo’s shareholders are provided with the opportunity to realize the value inherent in our proposal.”

Mediaoutrage– Interesting first Microsoft sinks $500 million into Facebook a few months ago, and now they want to buy Yahoo!. They are definitely trying to keep pace with Google.

Source 

Posted in Microsoft | Tagged: , , | 1 Comment »

Microsoft might invest in Facebook!

Posted by Media Outrage on September 25, 2007

Mark Zuckerberg

The rumors are swirling on Wall Street about a possible investment of $300-$500 million investment from Microsoft, which would land Facebook’s current total value in between $10-$15billion! Wow and this whole time we thought Peter Thiel (one of Facebook’s investors) was smoking rocks when he said that $1billion offer for the company was laughable. Thiel said that he placed Facebook’s value somewhere around $7 or $8 billion up there with MTV.

Zuckerberg said last year that he felt that Myspace sold themselves short to Rupert Murdoch’s News Corp for $580 million. He was probably right because in the next few months video giant YouTube sold out to Google for $1.65billion in stock.

So whatever is going on in silicon valley it seems that Mark Zuckerberg has the right idea and knows how to play the game. (The longer you hold out and refuse to sell, the more value it places on your company and product! Wow its just like dating. The longer a female withholds her goodies the harder the guy tries, the more he likes her, and he ends up spending more money for that ass!) Don’t you just love our business acumen???

http://news.yahoo.com/s/nm/20070924/tc_nm/microsoft_facebook_dc

Posted in Bill Gates, Facebook, Mark Zuckerberg, Microsoft, Money, Silicon Valley, Wealth | Leave a Comment »