Sunday, 1 June 2008
Monday, 10 March 2008
News Corp will not encounter Microsoft for Yahoo
News Corp. CEO Rupert Murdoch said today that his firm will not encounter Microsoft over Yahoo according to a report by Reuters news agency.
"We're not going to get into a fight with Microsoft, which has a lot more money than us," said Murdoch, chairman and CEO of News Corp., at the annual Bear Stearns Media Conference, according to Reuters.
Post Microsoft's $44 bn unsolicited bid for Yahoo, News Corp was in discussion with Yahoo to combine the social networking site, MySpace, and other assets owned by News Corp to tharwt the Microsoft's bid. Yahoo had earlier turned down the Microsoft's bid saying that it had undervalued the company.
Time Warner Inc. has also held talks to combine its AOL Internet division with Yahoo, but no progress has been reported, according to Reuters.
"We're not going to get into a fight with Microsoft, which has a lot more money than us," said Murdoch, chairman and CEO of News Corp., at the annual Bear Stearns Media Conference, according to Reuters.
Post Microsoft's $44 bn unsolicited bid for Yahoo, News Corp was in discussion with Yahoo to combine the social networking site, MySpace, and other assets owned by News Corp to tharwt the Microsoft's bid. Yahoo had earlier turned down the Microsoft's bid saying that it had undervalued the company.
Time Warner Inc. has also held talks to combine its AOL Internet division with Yahoo, but no progress has been reported, according to Reuters.
Bill Gates hit by Microsoft's bid for Yahoo
Microsoft Chairman & Founder, Bill Gates has been hit by the falling share price of his company and has taken a hit on his personal wealth after Microsoft's rejected $44bn bid for Yahoo. The fall in the share price has pushed Gates to the third spot as the World's Richest behind Warren Buffet and followed by Mexico’s Carlos Silm Helu. Bill Gates has been holding the spot of the World's Richest for the past 13 years.
Saturday, 8 March 2008
Sky-rocketting Bonuses for 2 top Yahoo Executives
Yahoo Inc, the Sunnyvale, California based company awarded Susan Decker, President, a $ 1.1 million and Michael Callahan, General Counsel, with a $225,000 bonus for 2007 amid a deepening slump in the growth of the Internet Giant with set stage for the Microsoft's unsolicited bid for Yahoo which is currently valued at $44.6 bn. This information was revealed according to the documents filed by the company on Friday with the Securities and Exchange Commission.
Decker was promoted by Yahoo in June, 2007 from her then role of Yahoo's Chief Financial Officer to Yahoo's President, when co-founder Jerry Yang replaced Terry Semel as Chief Executive Officer. The bonus rewarded to Decker represented as 29 percent increased from the $850,000 bonus she received in 2006. Yahoo has also disclosed Decker salary for 2008 at $815,000 as part of the Fridays' filing.
Michael Callahan's bonus rose from $200,000 which he received in 2006 to $225,000 in 2007. Yahoo also rewarded its current Chief Financial Officer, Blake Jorgensen, who joined the company in June, 2007 with a $405,000 bonus.
Although the company hasn't provided any explaination for the merit on which Decker and Callahan has ben awareded with large bonuses, the SEC requires Yahoo to provide these when th company files a proxy statement for its annual meeting later this year. The proxy statement also will contain other details about the total compensation, including salaries and stock options, paid to Yahoo's top executives in 2007.
Yahoo's stock price nose-dived 50 percent between December 2005 and Feb. 1 this year -- the day that Microsoft bid Yahoo for a takeover which valued at $44.6bn.
Yahoo has rejected Microsoft's bid and is currently working around the clock to elude the bid by other deals with News Corp.'s MySpace.com and Time Warner Inc.'s AOL.
The effort to escape Microsoft is being steered by Yang, who received a $1 salary and didn't get a bonus last year. Most of Yang's estimated $2.3 billion fortune is held in Yahoo stock.
Microsoft's Bid for Yahoo - Brakes Applied
Yahoo on Wednesday introduced obstacles to Microsoft's bid for the Internet Gaint currently valued at $44 bn. Yahoo haa extended a deadline for nominating candidates to its board of directors, buying it more time to find a white knight to help it stave off Microsoft's takeover bid.
Yahoo is currently stepping up discussions with Time Warner (TWX) about acquiring or forming a joint venture with its AOL division that would create a stronger advertising-driven business that could ultimately compete with Google. Yahoo is also in discussion with News Corp, the medio conglomerate.
The original March 14 deadline could have pitted Microsoft and Yahoo in a bloody proxy battle next week. Instead, Yahoo says, the deadline would fall 10 days after it announces the date for its annual shareholder meeting, which has yet to be scheduled.
Yahoo is currently stepping up discussions with Time Warner (TWX) about acquiring or forming a joint venture with its AOL division that would create a stronger advertising-driven business that could ultimately compete with Google. Yahoo is also in discussion with News Corp, the medio conglomerate.
The original March 14 deadline could have pitted Microsoft and Yahoo in a bloody proxy battle next week. Instead, Yahoo says, the deadline would fall 10 days after it announces the date for its annual shareholder meeting, which has yet to be scheduled.
Tuesday, 4 March 2008
Microsoft's Bid for Yahoo - Googlofolio the Stock
Jason Kelly the editor of The Key Letter has finally given Buy recommendation for Google share amidst the recent fall in the market and Microsoft's Bid for Yahoo. Kelly's portfolio currently holds IT Giants Microsoft and Yahoo but will soon witness the Internet Search Giant too as part of his investments.
Kelly invested in Microsoft with the opportunity to benefit from the Window/Office upgrade cycle that started last year and in Yahoo as it repositioned its competitive position against Google. Google's over-dependance on advertising revenues (99% of Google revenue are generated from Advertising) and overvaluation of the stock raised eyebrows for Kelly to go ahead with his investment.
A change in attitude has been triggered by the Microsoft's bids for Yahoo. Kelly feels that the approach of Google & Yahoo to eradicate the use of Windows operating system and introducing a Internet based operating system has been the real reason behind Microsoft's $44bn bid for Yahoo for control of software-as-a-service (SaaS) computing that's going to change they way the world operates today.
Read the complete article from Jason Kelly...
Kelly invested in Microsoft with the opportunity to benefit from the Window/Office upgrade cycle that started last year and in Yahoo as it repositioned its competitive position against Google. Google's over-dependance on advertising revenues (99% of Google revenue are generated from Advertising) and overvaluation of the stock raised eyebrows for Kelly to go ahead with his investment.
A change in attitude has been triggered by the Microsoft's bids for Yahoo. Kelly feels that the approach of Google & Yahoo to eradicate the use of Windows operating system and introducing a Internet based operating system has been the real reason behind Microsoft's $44bn bid for Yahoo for control of software-as-a-service (SaaS) computing that's going to change they way the world operates today.
Read the complete article from Jason Kelly...
Sunday, 2 March 2008
Dont Worry Over Microsoft Takeover - Tellme Founder Tells Yahoo
Mike McCue, founder of Tellme and previous Yahoo co-founder hasn't spoken to past-partner Jerry Yang since the Microsoft takeover bid for Yahoo, but he wanted to let him know that being acquired by Microsoft isn't that bad a proposition. Tellme, an organization which makes the technology behind directory assistance and other voice-controlled services, was acquired by Microsoft for a whopping $800 million and is Microsoft's largest Silicon Valley acquisition so far.
"After being assured that Tellme would be able to retain its Silicon Valley office, identity and quirky culture, McCue negotiated an $800 million sale to Microsoft and agreed to stay on as general manager. It's a decision that he says he doesn't regret 10 months into the marriage. 'We are pretty much doing everything we were doing before - just a lot more of it,' said McCue, 40. Because of the vast differences in size, the Tellme deal obviously isn't an apples-to-apples comparison to Microsoft's proposed $40 billion acquisition of Yahoo, which contends it's worth even more money despite a two-year earnings slump."
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