Microsoft revokes its offer to buy Yahoo!
Saturday, May 3rd, 2008
In the end of the Microsoft / Yahoo! saga, 5 Billion dollars separated the two giants from merging. Yahoo wanted to be bought $38 / share and Microsoft was only willing to pay $32 / share. This $6 different amounted to over 5 Billion.
Steve Balmer, Microsoft’s head, wrote a nice letter explaining his reasoning to Yahoo’s
chief, Jerry Yang. This was just written 50 minutes ago. You can check it out by clicking here. Interestingly, Steve pleads with Jerry to not look to deal with Google and proceeds to provide extensive reasoning why not in the letter. A little biased indeed since if Yahoo joins with Google, Microsoft will have lost the online advertising battle.
What will happen next? Yahoo might look towards uTube or Google for possible parternships while Microsoft will have to forge on.
Starbucks had a deal with T-mobile to provide paid Internet service to computer users. Now, iPhone users can use wi-fi access for free instead of using the slower EDGE network.
two have not come to terms. Basically, Yahoo didn’t like the aggresive terms that Microsoft set forth. These terms are confidential, but most likely include Microsoft attaining rights to Yahoo’s pay-per-click advertising to better compete with Google.
accounts. No indication has been made as to when, but it sounds like Microsoft is looking to further brand itself with Yahoo by showcasing Yahoo
With wireless phone competition at its strongest, att just took the lead with its newest
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CompUSA is closing 126 of its stores due to financial woes. Its parent company, US Commercial Corp SA de CV, reported a loss of 45.7 million during the third quarter of 2007. This shutdown includes the store as well as the
“Blackberry blackout” has become the new theme for the Canadian Immigration Department. What does this blackout mean? In the hopes to create a better work and personal balance, it means the staff is prohibited from using their
Microsoft
search engine position. They would take over the #2 spot for search engine placement and would be able to combine Microsoft’s Live campaign with Yahoo’s sponsor ads. Individually, they do not come close to Google, but in partnership, there is a chance. The question is: Does Yahoo have enough energy and weapons left or is it going for the quick cash reward? Time will tell. And Google will continue to look over its shoulder.


