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 Send to email | Microsoft and Yahoo Price Talk in "Mid-$30s"; Deal Odds "50-50" in YHOOMSFT |  By Silicon
el 02-May-2008 |
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Microsoft and Yahoo are still negotiating. Price talk is said to be in the "mid-$30s range". Given that two days ago the bid/ask was $33-$37, this likely means $34-$35. The New York Times says the odds of reaching a deal are still no better than 50-50.
*UPDATE: The WSJ confirmed our earlier assumption: Microsoft has been silent because Microsoft and Yahoo are now negotiating seriously about consummating a friendly deal. Microsoft has raised its bid "by several dollars."
According to the WSJ, a "deal was not
imminent and the people familiar with the matter said an agreement was
not likely on Friday. The people cautioned that the talks could fail to
produce an accord."
The NYT adds that Microsoft has increased its price by "several dollars". Yahoo's stock, which has been climbing all day, has now spiked.
EARLIER: Some folks seem to be under the impression that Microsoft (MSFT) is having trouble making up its mind about what to do about Yahoo (YHOO) and that that's why we haven't heard anything.
Please.
The silence suggests that two companies are negotiating furiously behind the scenes. The fact that CNBC's David Faber was able to report this morning that we won't hear anything until the weekend (if then) suggests that the companies have found--or are close to finding--common ground.
In fact, the longer the silence lasts, the more likely we are to get a deal. The companies are very close--$33 and $37, per the Journal--so a deal seems likely even without serious negotiations. But at this point, if there were any true deal-killers on either side, Microsoft already would have walked (or gone hostile or whatever).
See Also: Now Microsoft "Leaning Hostile" (But Doesn't Reject $35-$37 Price)
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 | Nerdblog |  Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Microsoft Withdraws Bid for Yahoo! | | Microsoft withdrew its $42.3 billion bid to buy Yahoo Saturday after last-ditch efforts to come to terms on a price proved unsuccessful. Microsoft was willing to pay $33 a share, but Yahoo wanted $37. “Clearly a deal is not to be,” Microsoft CEO Steve Ballmer wrote in a letter to Yahoo.
Wired.com [..] Read complete article | | Published 04-May-2008 by Nerdblog in General
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| Former Fed Regulator: Google-Yahoo Deal A Tough Sell To Feds (MSFT, YHOO, GOOG) | | Stifel Nicolaus analyst Blair Levin has broken down the odds that Washington approves one of multiple tie-ups in play right now: Microsoft (MSFT) buys all of Yahoo (YHOO) ; Microsoft buys Yahoo search; Yahoo hands over some of search to Google (GOOG).
Blair's bio makes him worth listening to: He was chief of staff to former FCC chair Reed Hundt for a good stretch of the Clinton administr [..] Read complete article | | Published 19-May-2008 by Silicon in GOOGYHOOMSFT
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
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