WebGuild

My Account
Home Events Jobs Websites Groups
   Archives  |  Tag Cloud  |  Submit Stories  |  RSS Feed RSS  |  Atom Feed  |  Subscribe
http://www
  Social Media Strategies Conference...
  Is now over!
  Photos, Presentations, and Videos
 

News Corp: "Not going to get into a fight with Microsoft" over Yahoo

By Joseph Hunkins at March 11, 2008 0 Comments

Yahoo’s chances of eluding a Microsoft aquisition dimmed today after comments by Rupert Murdock, chief of News Corp who said:

We’re not going to get into a fight with Microsoft, which has a lot more money than us,”

Yahoo has been working very hard to avoid a Microsoft takeover, with CEO Jerry Yang stating in a recent letter to shareholders that Yahoo feels the Microsoft offer substantially undervalues Yahoo. However many market watchers see the takeover as very likely, either by eventual capitulation of the current Yahoo board or by their replacement in a proxy battle that Microsoft seems likely to win.

Today’s statement from News Corp is another nail in the CEO coffin that Microsoft appears to be building for Yang and at least some of the current Yahoo board members.

Disclosure: Long on Yahoo

Labels: , , , ,

Post a comment


(required)


(required)(will not be published)



Previous:

Viacom Seeks To Extend Frivolous Litigation - Judge Says "NO"

Next:

Alltop.com "online magazine rack" launches










Twitter follow us on twitter


Loading...
Loading...



BayArea.net



Recent Comments

Consolidation In Search Marketing Industry | Direct Marketing Radio: [...] here to see the

ezineaerticles » Blog Archive » Consolidation In Search Marketing Industry: [...] Original unknown [...]

Ross Cooney: We provide an email filtering

Jeff: Why fired and not laid

may nak: Up to 1000 SAP jobs


Recent Trackbacks

Consolidation In Search Marketing Industry | Direct Marketing Radio linked here saying, " here to see the original: Consolidation In Search Marketing" ...

ezineaerticles » Blog Archive » Consolidation In Search Marketing Industry linked here saying, " Original unknown " ...

Academic Solutions Blog » SOCIAL MEDIA 101: Using Social Media to Advise, Connect, Promote - Outline linked here saying, " Resources: Beginner’s Guide to Twitter " ...

Laid Off Engineer Shoots And Kills Siport CEO And VP linked here saying, " Related: SAP Layoff Possible " ...

intir.net » Blog Archive » Laid Off Engineer Shoots And Kills Siport CEO And VP linked here saying, " 1.2 million jobs have been lost this year and" ...

FAQ’s about Twitter Strategy and Public Relations linked here saying, " Add your Social Media Signature to your emails, LinkedIn" ...

newswithdrawal.com » HERO: Laid Off Engineer Shoots And Kills CEO linked here saying, " “”an Engineer laid off from a local semi-conductor company," ...

» Laid Off Engineer Guns Down CEO And VP Dvorak Uncensored: General interest observations and true web-log. linked here saying, " Laid Off Engineer Shoots And Kills Siport CEO And" ...

Whitehouse On Best Political Blogs » Obama Delivers Weekly Radio Address on Web linked here saying, " Obama Delivers Weekly Radio Address on Web And it" ...

Dotmad.net בעברית » Blog Archive » בועה 2.0 linked here saying, " המשיך בעסקה בה AOL (החברה שרכשה את ICQ) רכשה" ...