If you can’t beat them BUY! them!!
So after a couple of years holding hands, Microsoft has finally decided to ‘marry’ Yahoo. Looking at the downward popularity of MSN and the near non-existence of live.com, this would appear to be the only thing that Microsoft can do to stem the seemingly stratospheric rise of Google
BBC NEWS | Business | Microsoft wants to purchase Yahoo: “Microsoft wants to purchase YahooMicrosoft and Yahoo are both struggling to compete with GoogleMicrosoft has offered to buy the search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares.The offer, contained in a letter to Yahoo’s board, is 62% above Yahoo’s closing share price on Thursday.Yahoo cut its revenue forecasts earlier this week and said it would have to spend an additional $300m this year trying to revive the company.It has been struggling in recent years to compete with Google, which has also been a competitor to Microsoft.”(Via .)BBC NEWS | Business | Microsoft wants to purchase Yahoo
This would seem to by in with Steve Ballmers comments last year that Microsoft would seek to by up to 20 companies each year, although this substantially goes over the $50m to $1bn dollar price tag he seemed to mention.
Ballmer: I will buy 20 web companies a year | The Register: “”(Via .)Ballmer: I will buy 20 web companies a year | The Register
February 11, 2008 No Comments