The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Microsoft May Bump Up Yahoo Bid

Microsoft May Bump Up Yahoo Bid

by , 12:10 PM EDT, March 25th, 2008

Microsoft isn't ready to give up on its bid to buy out the Internet search company Yahoo and may raise its US$31 per share offer. Citigroup analysts expect that eventually the two companies will reach a buy out agreement despite Yahoo's talks with other companies, according to Reuters.

"While we continue to see no other competing bidders, we believe Yahoo is aggressively pursuing strategic alternatives," said Citigroup analyst Mark Mahaney. He added "We believe this could serve as a forcing function to a higher Microsoft bid."

Microsoft presented Yahoo with an unsolicited buy out offer at the beginning of February after the search company reported a 23 percent drop in earnings.

Yahoo rejected the buy out offer claiming that the bid undervalued the company. Microsoft responded reaffirmed its plans to continue pursuing the buyout by stating "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."

Yahoo has since revealed that it has been involved in talks with Time Warner to take over control of AOL. If approved, the deal would give Time Warner a minority stake in Yahoo and make Microsoft's take over attempt far more difficult.

Should Microsoft successfully take over Yahoo, the new assets would put the Redmond-based company in a better position to take part of the online advertising market from Google.

Recent Headlines - Updated May 5th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Thu,10:42 AM
LAPD iPhone Hack isn’t as Big a Deal as You Think
8:29 AM
How To Record a Video of Your iPhone’s Screen
Wed,8:45 PM
Why I’m not Buying an Apple Smoke Detector
5:25 PM
ACM 358: The Devil’s Advocate, Apple Scaling, and Tim Cook’s Speeches
5:00 PM
Hulu Is Going to Launch What Was Denied to Apple: A Cable-like Internet Subscription Service
4:53 PM
ThinCharge iPhone 6/6s Battery Case (Black): $56.99
3:10 PM
The Internet of Things is Really a Thing in Germany
2:47 PM
TMO Daily Observations 2016-05-04: The Big HomeKit and Apple Smoke Detector Rant
9:52 AM
FBI’s TOR, VPN-targeted Warrants Amount to Court Sanctioned Mass Surveillance
9:10 AM
OS X: Turning Off Inline Mail Attachments
Tue,9:03 PM
Apple Snags 10% of Time’s 50 Most Influential Gadgets of All Time
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!