Yahoo! tries to get a higher bid
Yahoo! Inc.’s (NASDAQ: YHOO) board met Friday to discuss a buy-out tender from Microsoft Corp. (NASDAQ: MSFT). No news was issued by the company, but several media outlets reported that the group discussed licensing its search rights to Google Inc. (NASDAQ: GOOG) for a high sum or trying to get a better tender from Microsoft
Yahoo!’s board can grow old waiting for a bump up in that offer. The Wall Street Journal wrote, referring to the Google option (subscription required), that “such a deal could increase Yahoo’s cash flow and give it more latitude to try to thwart the Microsoft approach.” While the deal might bring in more money and allow Yahoo! to fire much of its R&D staff, there is no
Steve Ballmer knows all of that.
It’s moment or Yahoo! to confess that its commerce has faltered badly and probably cannot recover. It could always out-sourced its search trade to Google. It clearly never thought the view was good suitable.
And, regulators are not going to like the notion of the No.1 and No. 2 search companies teaming up.
Douglas A. McIntyre is an editor at 247wallst.com.
Original post by Douglas McIntyre
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