by Mark Walsh
Microsoft's deadline for Yahoo to conclude a merger agreement came and went Saturday without any apparent breakthrough in negotiations between the companies.
With no progress made toward a deal in Microsoft's unsolicited takeover bid, a proxy fight appears to be the next step in the software giant's protracted effort to acquire Yahoo.
Microsoft CEO Steve Ballmer had warned that the company would go hostile if a deal wasn't reached by Saturday, while lowering its offer in the process.
The offer price has been the main obstacle to an agreement, according to a report Sunday in The Wall Street Journal. Microsoft's Jan. 31 cash-and-stock offer of $31 a share (valued at $29.68 as of Friday's market close) has been repeatedly rejected by Yahoo as undervaluing the company.
http://publications.mediapost.com/index.cfm?fuseaction=Articles.san&s=81457&Nid=42051&p=414241
About This Blog:
Integrating complex electronic projects requires industry individuals keep abreast of the latest technological trends.
Some things are important, many ironic, others outright frauds, and a few are just so very wrong. Occasionally the original technological goal and downstream results are in hilarious conflict.
Usually "the latest trends" go back fifty to one hundred years in their development and are only new to the uninformed. In most every case, the ancients have truly stolen our inventions!
As far as we know, this is the only place that collects them and lets you celebrate them for yourself. We'd love to hear from you if you have something we've missed!
Some things are important, many ironic, others outright frauds, and a few are just so very wrong. Occasionally the original technological goal and downstream results are in hilarious conflict.
Usually "the latest trends" go back fifty to one hundred years in their development and are only new to the uninformed. In most every case, the ancients have truly stolen our inventions!
As far as we know, this is the only place that collects them and lets you celebrate them for yourself. We'd love to hear from you if you have something we've missed!
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