Yahoo! Responds to Microsoft Withdrawal

[malware]

Yahoo! has issued a statement in response to Microsoft's decision to pull out of its acquisition offer. Yahoo!'s Chairman Roy Bostock said,

We remain focused on maximizing shareholder value and pursuing strategic opportunities that position Yahoo! for success and leadership in its markets,

From the beginning of this process, our independent board and our management have been steadfast in our belief that Microsoft's offer undervalued the company and we are pleased that so many of our shareholders joined us in expressing that view. Yahoo! is profitable, growing, and executing well on its strategic plan to capture the large opportunities in the relatively young online advertising market.

Yahoo!'s CEO Jerry Yang also added:

With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users.

View at TechPowerUp Main Site

 

[a111087]

bla bla bla...

 

[pmrdij]

bla bla bla...

this was the first thing to cross my mind when i read Yahoo!'s excuse to their shareholders as well.

- Robert (pMr)dIj

 

[Rodster]

If I were a Yahoo shareholder i'd be pissed this morning missing out on a huge payday. I think not having Yahoo is better for Microsoft in the longterm. I thought paying $45 billion for a portal company was just plain crazy.

 

[t_ski]

Already their shares have dropped 22%. I wonder how long it will be before they go under completely... lol

 

[Steevo]

As their share values tumble........

 

[Ravenas]

Good to hear, I would rather a more open source company buy Yahoo such as Google.

 

[Rodster]

Good to hear, I would rather a more open source company buy Yahoo such as Google.

I read that the government would try and stop a merger between those two.

 

[Triprift]

Yeah i heard that to even tho only ms returning to the table or Google can stop yahoo's shares from falling. No one else would go even close to offering what yahoo are asking for.

 

[Easy Rhino]

man, yahoo is stupid. they arent worth nearly as much as microsoft offered them. they dont innovate or do anything that makes progress in the industry. they should have just sold out and made their shareholders happy for once. i see YHOO dropped 15% so far today...

 

[twicksisted]

I uesed Yahoo (IM & Email) about 9 years ago.... and to be honest found it crap...
Im not really where the "value" is that they trying to inflate

 

[Azazel]

i bet they feel like sh*t...they blew there last chance

 

[Ahhzz]

I uesed Yahoo (IM & Email) about 9 years ago.... and to be honest found it crap...
Im not really where the "value" is that they trying to inflate

Name Recognition.

Yahoo is still one of the top recognizable web presences with Google and AOL. Personally hate the IM, but I do have 2 yahoo email accounts for dumping to when I need to create a persona online.

 

[commandercup]

Name Recognition.

Yahoo is still one of the top recognizable web presences with Google and AOL. Personally hate the IM, but I do have 2 yahoo email accounts for dumping to when I need to create a persona online.

qft, Yahoo's bigger then AOL imo, although AIM alone keeps AOL alive lol

 

[twicksisted]

Name Recognition.

Yahoo is still one of the top recognizable web presences with Google and AOL. Personally hate the IM, but I do have 2 yahoo email accounts for dumping to when I need to create a persona online.

I totally agree with you on that.... its a large presence on the web.
Personally I dont quite understand why with so many companies offering the same and more

 

[Triprift]

Yahoo stubborness is gonna be there undoing stock continues to fall in value.

 

[HP_dudeman]

this is the downfall of yahoo....

 

[Ravenas]

This is truely not the downfall, and this going to go one of 2 ways.

Yahoo is going to strike a deal with Google on a search engine partnership, or the investors and shareholders are going to get militant and MS will aquire Yahoo for 33$-37$ a share in the next several months.

 

[HP_dudeman]

that woudl rly suck, because i absolutely despise google

 

[Ravenas]

that woudl rly suck, because i absolutely despise google

Lol, would you rather be swamped with proprietary ActiveX plugins?

 

[imperialreign]

Already their shares have dropped 22%. I wonder how long it will be before they go under completely... lol

and MS execs are sitting in their top secret volcano lair, with their pinkies to their chin, laughing 'MWA! HAA! HA!'

If we could tune in to their secret conversations, you'd hear Bill Gates saying "Ready the layser!"

 

[candle_86]

once the stock falls enough, MS will buy out the major shareholders who will more than happily sell, and MS will own the Majority share and then simply disolve there assets into MS, they did it before, dont think they wont agian

 

[HP_dudeman]

ravenas, imo, google is garbage with all that crap they advise you to install, and those annoying google ad's i see in 90% of the sites i go to, and they're not even relevant to the site content.

 

[Triprift]

Google aleady have yt thats enuff.

 

[Dangle]

Good to hear, I would rather a more open source company buy Yahoo such as Google.

lol. Did you forget all of the discussions about what kind of monopoly that would make? Obviously you're supporting labor-union socialist Obama because you have no understanding of economics whatsoever (by the way, the Communist Party of America endorses Obama). Oh well, you're entitled to your opinion.

This was BAD for yahoo shareholders. AHAHA!