Yahoo May Reply to MS Bid on Friday
Yahoo May Reply to MS Bid on Friday
by , 11:40 AM EST, February 8th, 2008
Internet search company Yahoo may be ready to reply to Microsoft's unsolicited buy out offer as early as Friday. Apparently a special Yahoo board of directors meeting is scheduled for some time today to make a final decision, according to TechCrunch.
Microsoft presented Yahoo with a take over bid on February 1 for US$44.6 billion after the search company reported a 23 percent drop in earnings and that it was laying off about 1,000 employees. Microsoft spun its offer as a way for Web surfers to have more than just Google as option for online services.
Both Microsoft and Yahoo have been trailing Google's popularity for some time, and joining forces could let the two create an online presence that takes a bigger piece of the advertising revenue market.
Following Microsoft's offer, Yahoo said in a press statement that its "Board is going to evaluate all of Yahoo's strategic alternatives and pursue the option that it believes can best maximize value for our shareholders."
Observer Comments
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated November 21st
- Fri, 7:07 PM
- Games - Soccer Sim Championship Manager 2010 Released for Mac
- 6:47 PM
- Games - EA Publishes Original Monopoly for iPhone
- 6:15 PM
- News - Original Apple I on Ebay for $50K, w/Letter from Steve Jobs
- 6:11 PM
- Games - New iPhone Games: Secret of the Lost Cavern Ep 1, New DJ Nights, More
- 5:47 PM
- Games - Star Trek D-A-C Game Headed to the Mac Next Month
- 4:57 PM
- Product News - TidBITS Releases “Take Control of Syncing Data in Snow Leopard”
- 4:26 PM
- John Martellaro's Blog - Particle Debris (week ending 11/20) Stationery Pads Go Poof
- 2:59 PM
- Free on iTunes - Musée du Louvre, Art Lite, SketchBook Mobile X and More.
- 1:50 PM
- Deal Brothers - Acer P215H bmid 21.5” Widescreen LCD Monitor: $139.99
- 11:24 AM
- TMO Appearances - Jeff Gamet Shares More Holiday Gift Ideas on MacJury
- 10:43 AM
- Product News - Cocktail 4.5 for Leopard Adds QuickLook Cache Clearing
- 10:06 AM
- News - Hack Enables Mac OS X 10.6.2 on Netbooks
The Mac Observer Reader Specials
- TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
OWC: We Make DIY Upgrading Easy! Maximize your Apple MacBook / MacBook Pro. Up to 8.0GB Memory, up to 1.0TB HD & More. Easy Guide + Free, Detailed Installation Videos. Click here
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
