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Old 26th July 2008, 04:13 PM
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Microsoft 'Done' With Yahoo, Ballmer Says

Microsoft 'Done' With Yahoo, Ballmer Says

Paul McDougall / InformationWeek / July 25, 2008

The Microsoft CEO dismissed Yahoo as a major player in the Internet business, despite previously offering more than $40 billion for the company.

Quote:
Microsoft's on-again, off-again pursuit of Yahoo is off again -- sort of, maybe. Speaking to investment analysts Thursday, Microsoft CEO Steve Ballmer said that his company is no longer interested in acquiring the Internet portal. "We're done, we can move on," said Ballmer.

Ballmer, however, qualified the statement in his next breath. "Does that mean that nobody will ever talk to anybody again? I suspect that the answer to that question is also no," said Ballmer. "It's a long time and a big world," he added.

Ballmer called Microsoft's proposed acquisition of Yahoo, which was rejected by Yahoo's board, "a tactic" for growing its search advertising business, "not a strategy."
"Ante up, focus, reinvent the innovation, the investment in semantic expertise, that's the strategy," said Ballmer.

Ballmer also appeared to dismiss Yahoo as a major player in the Internet business, even though he previously offered more than $40 billion for the company. "I think what we really still have in search and advertising is a two-horse race," said Ballmer, referring to Microsoft and rival Google.

"Yahoo will stay around. I'm sure they'll find their path. And yet, for the kind of ante we're talking about in this game, I think it really is just the two of us," he said.

Yahoo said Monday that it had reached a settlement with Carl Icahn under which the billionaire investor agreed to drop his fight for control of Yahoo's board as part of his effort to force a deal with Microsoft.

Under the agreement, Icahn -- who owns about 5% of Yahoo's shares -- will get a seat on Yahoo's board and is entitled to recommend individuals from a list of nine candidates for two additional board seats. Yahoo's board expands from nine members to 11 members as part of the arrangement.

Yahoo said that eight of its current board members, including chairman Roy Bostock and CEO Jerry Yang, will run for reelection at its Aug. 1 shareholder meeting in San Francisco. Current board member Robert Kotick has decided to vacate his position, Yahoo said.
http://www.informationweek.com/news/...leID=209600940
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Old 26th July 2008, 06:50 PM
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Re: Microsoft 'Done' With Yahoo, Ballmer Says

I would bet that Microsoft will be back, and soon. It's all about money and everyone...stockholders included are
looking out for their own interests.

Last edited by bwhhisc; 26th July 2008 at 10:40 PM..
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Old 26th July 2008, 07:41 PM
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Re: Microsoft 'Done' With Yahoo, Ballmer Says

Balmer is conducting an aggressive takeover.

His tactics seem to be Ram the Yahoo flag ship and to try to hole her below the water line before claiming salvage rights.

What the fuck he thinks he is trying to achieve is beyond me, but I guess anywhere has to be better than where he is right now. :p

His problem is that the World is running out of people that wish to be told what to think by MS.
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