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Microsoft Rejects Yahoo Bid Rejection

by , 8:10 AM EST, February 12th, 2008

Microsoft responded to Yahoo's take over bid rejection with a rejection of its own on Monday. The Redmond-based company said in a statement that it feels "moving forward promptly to consummate a transaction" will best serve both companies.

Microsoft executives did not say what the company's next step would be. At this point it could counter with an offer that comes in above the original US$31 a share, or $44.6 billion, offer, or it could try to sway shareholders and move for a hostile takeover.

"The Yahoo response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo's shareholders are provided with the opportunity to realize the value inherent in our proposal," Microsoft said.

Microsoft presented the Yahoo with an unsolicited buy out offer on February 1 after the Internet search company reported a 23 percent drop in earnings. Yahoo responded on Monday by stating if felt Microsoft was "substantially undervaluing" the company.

Observer Comments

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View Name:Guest
Tue Feb 12, 2008 11:20 am Subject: ClearMind
Close Name:Tiger Posts: 907 Joined: 17 Jun 2003
Tue Feb 12, 2008 11:29 am Subject: no, they have principles

Capitalistic ones at that. They know they're worth more.

Anyone at Google watching?

I'd rather Goohoo than Microhoo.


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View Name:Guest
Tue Feb 12, 2008 11:31 am Subject: Resistance is futile...
View Name:Guest
Tue Feb 12, 2008 11:44 am Subject: Goohoo?
View Name:Guest
Tue Feb 12, 2008 11:50 am Subject: AYB
View Name:Guest
Tue Feb 12, 2008 11:58 am Subject:
Close Name:Dirt Road Posts: 1227 Joined: 24 Oct 2002
Tue Feb 12, 2008 3:20 pm Subject: Possibly

Quote
Guest wrote:
In a rage to slay the monopolistic beast called Microsoft, some aren't even realizing the larger (and scarier) giant that Google has quietly become.

That's because Google's products don't suck nearly as much as Microsoft's.


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Close Name:Tiger Posts: 907 Joined: 17 Jun 2003
Tue Feb 12, 2008 4:55 pm Subject: making a point

Did I say Slay Microsoft? no. and this is part of a continuing thread about what should happen to Yahoo.

Days ago, I suggested NOT that Google buy out Yahoo, which is what MSFT wants to do, but rather buy a stake in it, a nice sizeable investment, but not controlling interest. Kind of what Microsoft did for Apple back in the 90s.

Of course, it could come back to bite them on the butt, but if the true spirit of competition is to keep your friends close and your enemies closer, a "goohoo" makes a lot of sense in that scenario.

Oh, but right now, I'd love to slay Microsoft for inflicting their new file formats on the world. Office 2007 for PC and 2008 for Mac are AWFUL!


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Close Name:daemon Posts: 305 Joined: 17 May 2007
Tue Feb 12, 2008 8:05 pm Subject:

Quote
Tiger wrote:
Oh, but right now, I'd love to slay Microsoft for inflicting their new file formats on the world. Office 2007 for PC and 2008 for Mac are AWFUL!


It's a zipped text file. You can open it with any archive tool that opens a .zip extension.


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Close Name:Intruder -   TMO Mac Specialist Posts: 2837 Joined: 07 Jul 2004
Tue Feb 12, 2008 11:58 pm Subject:

Quote
daemon wrote:
It's a zipped text file. You can open it with any archive tool that opens a .zip extension.


Is it really? Any idea what the purpose is behind that? Is it security or just trying to save space?

Seriously, I'm curious. I haven't used the latest version of Office, so I have no opinion either way about it. In fact, I hope it is a step up in performance compared to 2004 on an Intel machine. If so, I'll be happy.


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Close Name:daemon Posts: 305 Joined: 17 May 2007
Wed Feb 13, 2008 7:05 pm Subject:

They zip 'em because of size. The text files inside the zip archive use xml for formatting that unfortunatly makes the files much larger than they would be otherwise. Text compresses easily.

Performance wise it has more overhead, so it'll run slower compared to earlier copies of office. There are changes to the user interface that could make the standard office user frustrated. The bells and whistles that have been added have little direct value for the casual user.

All in all, it's a great productivity suite for an office that generates alot of paper work. Casual use at home doesn't really justify it's price tag.

I like notepad.

Quote
Intruder wrote:
Quote
daemon wrote:
It's a zipped text file. You can open it with any archive tool that opens a .zip extension.


Is it really? Any idea what the purpose is behind that? Is it security or just trying to save space?

Seriously, I'm curious. I haven't used the latest version of Office, so I have no opinion either way about it. In fact, I hope it is a step up in performance compared to 2004 on an Intel machine. If so, I'll be happy.


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Close Name:Intruder -   TMO Mac Specialist Posts: 2837 Joined: 07 Jul 2004
Wed Feb 13, 2008 11:50 pm Subject:

I can't imagine it would run slower than 2004 on an Intel machine.

Thanks for the info.


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