The Microsoft Daily

Tag: Ballmer

Yahoo once again interested in MS Deal

by Tanmay on Jul.08, 2008, under Microsoft

After all the high end drama that was going on months ago in which the Microsoft-Yahoo Deal was called off, it now seems that Yahoo itself is now interested to deal with Microsoft !

Investor activist Carl Icahn with Microsoft’s support is trying to remove the Entire Yahoo Board. Microsoft said in a Official Statement that either it will purchase only the “Search” function with financial guarantees or simply buy the entire company.

Yahoo too made an Official Statement showing its interest on working out on the Deal with Microsoft. Take a look at the Official Statement :

Yahoo!’s Board of Directors continues to stand ready to enter into negotiations with Microsoft Corporation for an acquisition of Yahoo!. Indeed, as recently as June, Yahoo!’s independent directors and management approached Steve Ballmer about just such a transaction, only to be told that Microsoft was no longer interested even in the price range which they had previously proposed. Now Mr. Ballmer and Mr. Icahn have teamed up in an apparent effort to force Yahoo! into selling to Microsoft its Search business at a price to be determined in a future “negotiation” between Mr. Icahn’s directors and Microsoft’s management. We feel very strongly that this would not lead to an outcome that would be in the best interests of Yahoo!’s stockholders. If Microsoft and Mr. Ballmer really want to purchase Yahoo!, we again invite them to make a proposal immediately. And if Mr. Icahn has an actual plan for Yahoo! beyond hoping that Microsoft might actually consummate a deal which they have repeatedly walked away from, we would be very interested in hearing it.

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