A more than a week ago I wrote about Microsoft becoming a media giant after acquiring Yahoo. I admit, I forgot one very important issue. In Quentin Tarantino’s great movie Pulp Fiction, The Wolf (Harvey Keitel) used a bit different words, when he meant that it is not over until it is over.
According news today, Yahoo’s board is going to reject Microsoft’s offer. Which means at least three options: 1) Microsoft have to pay more, 2) Google gets interested or 3) Other investors get interested.
For Microsoft this means at least slowdown in its plans. We’ll see is it even a showstopper.
2 responses so far ↓
clarification // February 11, 2008 at 12:07 pm |
I am guessing they are just saying that the offer massively undervaluates the company and will start putting up a fight that will make for a longer and more messy takeover. Basically, the board of Y! is saying that Ballmer is taking advantage of Y!’s poor share performance over the past few
months to “kidnap” the company
Eero // February 11, 2008 at 12:36 pm |
You are absolutely right and the board is working for the shareholders benefit. I believe someone will buy Yahoo! anyhow, and the board’s “only” job is to raise the offer as high as they can.