Microsoft (MSFT) and Yahoo (YHOO) are talking again–but apparently they’re talking in circles. The two companies met this week to discuss Microsoft’s proposal to acquire Yahoo, but failed to resolve the differences that have so far hamstrung the deal. Sources familiar with the talks claim the two companies remain at an impasse, with Yahoo refusing to begin formal negotiations until Microsoft sweetens its cash-and-stock offer, and Microsoft refusing to sweeten it. Redmond likely sees no reason to raise its bid until Yahoo reports first quarter earnings later this month, figuring it may not have to raise it at all if those earning are as dissapointing as some expect them to be.
as others have suggested, lowering their offer will probably drive the stock price down even further, which should likely make YHOO investors scream bloody murder about closing the deal.
meanwhile, while YHOO mgmt fiddles, Rome burns. jesus effing christ, get this over with before every Yahoo employee worth keeping walks out the door.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
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1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Microsoft (MSFT) and Yahoo (YHOO) are talking again–but apparently they’re talking in circles. The two companies met this week to discuss Microsoft’s proposal to acquire Yahoo, but failed to resolve the differences that have so far hamstrung the deal. Sources familiar with the talks claim the two companies remain at an impasse, with Yahoo refusing to begin formal negotiations until Microsoft sweetens its cash-and-stock offer, and Microsoft refusing to sweeten it. Redmond likely sees no reason to raise its bid until Yahoo reports first quarter earnings later this month, figuring it may not have to raise it at all if those earning are as dissapointing as some expect them to be.
Comments
raise it? they might even lower it.
as others have suggested, lowering their offer will probably drive the stock price down even further, which should likely make YHOO investors scream bloody murder about closing the deal.
meanwhile, while YHOO mgmt fiddles, Rome burns. jesus effing christ, get this over with before every Yahoo employee worth keeping walks out the door.
this is insanity…
Posted by dave mcclure at April 4th, 2008 at 3:29 pm