Message of the Microhoo Stand-Off: We Need More Business-Savvy Novel Writers!February 12, 2008 at 9:06 am | Posted in Business | 2 Comments
Tags: Dirty Tricks, Microhoo, microsoft, Takerover, Yahoo
Who is going to write the novel covering the Microhoo story? It’s pure drama material!
_Microsoft makes a bid to buy Yahoo for $44.6 billion
_Yahoo rejects the bid: They want more
_Microsoft does f**k all to increase their bid – instead they’re attempting a hostile acquisition! Steve Ballmer is pissed! Their press release:
It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies. Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties.
We are offering shareholders superior value and the opportunity to participate in the upside of the combined company. The combination also offers an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market.
A Microsoft-Yahoo! combination will create a more effective company that would provide greater value and service to our customers. Furthermore, the combination will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising.
The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, 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.
Shudder. That sounds awful, like playing poker against the superior chip leader. Yet think about a little novel, focusing in on two lower members of staff and Yahoo and Microsoft who over-identify with they companies… who’d be able to write it?