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:
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."

Recent TMO Headlines - Updated January 22nd

Mon, 6:20 PM
WeChat Takes the Platform Battle Straight to Apple and Google with WeChat Mini Apps
Mon, 5:22 PM
Apple Supports Malala Fund, Tim Cook Joins Leadership Council
Mon, 3:55 PM
Apple Rolls Out Apple Music Analytics Tool for Musicians
Mon, 3:44 PM
Tom Brady Features in New Apple Beats by Dre Commercial
Mon, 3:14 PM
Apple Channels Muhammad Ali for 'Selfies on iPhone X' Commercial
Mon, 3:08 PM
iPhone X Will Be Discontinued, but not Because It's a Market Failure
Mon, 2:44 PM
TMO Background Mode Interview with WUOT Morning Radio Host Victor Agreda
Mon, 2:14 PM
iOS: How to Check Your AirPods Firmware Version
Mon, 1:34 PM
The iPhone X Doom Report, WeChat's Mini-app Platform - TMO Daily Observations 2018-01-22
Mon, 12:05 PM
Build 20 Apps with the Complete iOS 11 and Swift Developer Course: $9
Mon, 10:31 AM
PSA: Amazon Prime Monthly Fee Just Went Up $2 to $12.99
Mon, 9:55 AM
iOS Beta Shows HomePod Mics can be Disabled
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!