“Person Familiar With the Matter” Actually Steve Ballmer?
by John Paczkowski
Posted on April 4, 2008 at 4:13 PM PT
Microsoft (MSFT) is really putting the screws to Yahoo (YHOO), isn’t it? Having failed to negotiate a deal in private earlier this week, Microsoft has apparently decided to negotiate it in public–with a little help from the press.
Shares of Yahoo slipped 4.76% to $27.01 in extended trading today, after Reuters reported that Microsoft was re-evaluating its bid. A mysterious “person familiar with the matter” told the publication that the re-evaluation was inspired by concerns that Yahoo’s value may have declined since the initial offer was made Feb. 1.
A little something for Jerry Yang to think about over the weekend, I suppose …
Comments
After reading several articles, I can begin to understand why Microsoft wants to buy Yahoo. But I just cannot see how they are doing it efficiently.
Does everything that Ballmer tries to do, end up like throwing chairs? Expensive and messy??
And all of that makes me wonder how well MS will handle the transition of Yahoo once they finally buy them. ??????? A mess at best.
Posted by elder norm at April 6th, 2008 at 12:50 pmWasn’t Steve Balmer the guy who said (paraphrased) “You have to be willing to walk away from a deal”?
Posted by Joshua Haddick at April 7th, 2008 at 9:18 am