Yahoo is MSN’s Shipoopi

8 Apr

Much like ‘the girl that’s hard to get’,(funny family guy song) Yahoo is Microsoft’s shipoopi. Both MSN and Yahoo have been playing a distant second and third fiddle to Google who keeps grabbing marketshare a .25 to .5 percent/quarter while MSN and Yahoo fight over an ever shrinking piece of the pie. 

Yahoo has rejected a three-week deadline from Microsoft to accept a 44.6 billion dollar takeover, as the battle between the two technology titans heated up.

Yahoo however said on Monday it was open to a sweetened bid from the software giant or another bidder.

“We continue to believe that your proposal is not in the best interests of Yahoo and our stockholders,” Yahoo’s board chairman Roy Bostock and chief executive Jerry Yang said in a letter to CEO of Microsoft Corporation Steve Ballmer.

“We are open to all alternatives that maximize stockholder value. To be clear, this includes a transaction with Microsoft if it represents a price that fully recognizes the value of Yahoo on a standalone basis,” the Yahoo letter said.

The letter came in response to an ultimatum issued by Microsoft on Saturday for the Internet giant to accept its 44.6 billion dollar takeover offer in three weeks or face a shareholder proxy fight.”

Together they may not be able to reverse their fortunes, but seperately it is almost a certainty they cannot.

 

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