Microsoft to Yahoo: Two Days to Respond or Else!
Sources at Yahoo tell me that Microsoft made its most recent overtures right after Yahoo announced its earnings Tuesday and then told Yahoo execs they had two days to respond or Microsoft would go public with the offer.
When Yahoo balked at the heavy-handed tactic, guess what? Microsoft went public.
Now Yahoo is scrambling to figure out a response to the overture, but is looking for any other option but Microsoft.
A number of top executives I spoke to today were flabbergasted by what is essentially a hostile move by Microsoft. Yahoo’s Jerry Yang has been rebuffing such advances, made both privately and in veiled references in public by Microsoft CEO Steve Ballmer.
“I woke up this morning and couldn’t believe that they did it,” said one exec. “They had made a lot of overtures, but this was astonishing. I could not believe Microsoft would be so aggressive.”
Believe it.
Comments
i am just waiting the result of this. i hope after a decision yes or not everything will be good for users and also for yahoo…
Posted by onder surmeli at February 1st, 2008 at 11:26 amI can’t wait for Google to get in there and make a bid.
Talk about the “mother of all bidding wars”
Posted by wayne schulz at February 1st, 2008 at 12:46 pmBallmer went off his medication again I bet.
What a way to go out for him! Building a company every bit as sturdy as the Titanic, made of Popsicle sticks.
I can hardly wait!
And no, Google wouldn’t touch this deal with a ten foot pole. They are holding their breath at this very moment hoping not to jinx it.
Please, please Fed babies, let this go through. It will be OK, I promise!
Posted by Mac Beach at February 1st, 2008 at 1:40 pmFascinating.
@Wayne: Are you kidding? Won’t happen.
KARA - please (allow users to) increase the font size. I have to zoom in by 30% to (semi-)comfortably read this post.
Posted by Alan Hogan at February 2nd, 2008 at 3:11 pm