Update: Microsoft says “Our position hasn’t changed. Microsoft has no interest in acquiring Yahoo!; there are no discussions between the companies.”
An off the cuff remark by Microsoft CEO Steve Ballmer this morning set Yahoo’s stock soaring more than 15% to $13.73, adding well over $3 billion in market cap to the struggling company.
Speaking at the Gartner ITXpo, Ballmer reportedly said a Microsoft acquisition of Yahoo (presumably he’s talking about a full buyout, not the repeatedly rejected search deal) would still “make sense economically” for both companies shareholders.
But he also cautioned that Yahoo is no longer worth the $33 per share originally offered: “Ballmer said that even with the recent drop in Yahoo’s share price, the company “probably thinks its still worth as least as much today,” as when Microsoft made its offer.”
First! Yahoo should just give up…
Fact: Yahoo has users. Fact: Yahoo does make money. Fact: Yahoo has some good services and products.
There is potential in Yahoo to return to former glory. If you are a hotshot CEO Yahoo could make you a legend. The guy/girl who made Yahoo a giant again. Now that would be fun and something to write about. The person who spurned Google, who spurned Microsoft and made Yahoo a giant again.
They don’t need Microsoft, they don’t need Google, they need visionary.
oops a visionary…
they need a superhero like “locator dude” or may be even “Joe the Plumber” to come to there rescue.
LeaderLocator.com
Too bad they don’t have a hotshot CEO, they’ve got Jerry, who must be fellating the board as there’s no other explanation as to why he’s still there.
Perhaps I’m alone here, but it seems that once companies are publicly traded it all becomes a bit of a farce. “Jobs looks skinny; Apple value plummets.” “Ballmer speaks and a billion dollars appear.” What would have happened if Ballmer farted during his comment? Would that only have resulted in a half-billion?
The whole thing seems like a sham. I think I’m going to stop looking at share prices and instead concentrate on building a good product. I’ll likely never be rich, but at least it seems a little less “bipolar”.
Michael,
I don’t think Microsoft is that interested in Yahoo, as in the past.
I’ve oulined a few “Microsoft to-do’s” at my blog, which I suppose would get them through, in the long-run.
Please do let me know, if you think my views are worth a consideration?
Wow! Drama starts again!
The billion $ a word quote “make sense economically”
Most expensive 3 words in history?
http://www.zenbylunch.com
I think that yahoo should forget about Microsoft and move on, Microsoft is starting to feel the weight of the raging war of the open source OS’s and web development tools.
Without a doubt, Yahoo will sell to Microsoft. Microsoft will have to pay Google some money for detach Yahoo from Yahoo-Google partnership.
Why speak? Just buyout the frigging company and end while it is dirt cheap. Make my job easier. Take it from a Nike slogan. “Just Do It”.
So what would be a good offer? Without appearing to give it to them without Vaseline?
Yahoo is dying, the question is merely when…it does make money, although its market share gets lower everyday, as well its stocks price
M$ bying Yahoo makes sense, to give the market another big player to face Google on its cruzade to dominate the world!
It’s not really dying so long as it makes profits in the billion dollar range. I think most companies would kill to be so dead
This has been Microsoft plan all along. Lucky for Microsoft, their plan works very well with the recent market “melt down.”
I think MSFT wants to tease YHOO’s shareholders a bit more with a potential offer, just to get them pissed off at Yang again when MSFT says “Sorry, Jerry is an idiot. No deal. Enjoy $11/share” and at that point they’ll get an even sweeter deal.
I think at this point it’s indisputable that Jerry Yang is a train wreck of a Chairman.
Ballmer Farts, Febreze market cap jumps $3 billion.
Yahoo should just sell out to Microsoft. They are struggling, if you need crazy Steve Ballmer to prop up your stocks, you need help.
http://gatesand...s.blogspot.com/
Instead of taking the money and enjoying the life like a former king, Yang insists on running a dead company…psss what a moron!
This is a great buy for Microsoft.
Obviously Yahoo can’t sell at this price today, there would be a revolt. But if the market stays at its current levels or lower for another 6-9 months, the Yahoo investors will get past their basis and the past, and it will make sense.
something interessant to read http://halturne...ely-urgent.html
an asymmetric mirror image of the google stock price a couple days back
Guess everyone can agree now that this actually makes sense, now that the stock price is at a few pairs of socks.
I wouldn’t critisize Jerry Yang. Jerry is one smart guy. You don’t become a billionaire for nothing. He is re-inventing Yahoo as we speak, no they become more nimble, innovative and ready to take on the new Web 3.0. Yahoo will be worth more than google and microsoft in 10 years as long as Jerry Yang is running the ship.
LOL! Jerry, is that you??
Wake Up, People: Ballmer Just Said He’d Still Buy Yahoo*
http://www.alle...buy-yahoo-again
If this new profile system is any indication of Yahoo’s ability to be innovative and nimble, Mr. Yang needs to step aside.
Profit take. Then short. repeat.
http://www.BeatlesConcerts.com
When the first deal was “trying to happen”, most people knew immediately that MS absolutely did the right thing by walking away. I bet the same people are now thinking……….”Ballmer, keep your trap shut….you damn fool” Now is not the time to buy Yahoo.
Jerry might be a great visionary, but is a crap business man. He should have never taken up the CEO position.