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Microsoft: Yahoo Refusal 'Unfortunate'

Fox Business writes:

"REDMOND, Wash. -- Microsoft Corp. called Yahoo Inc.'s rejection of its unsolicited $44.6 billion bid to buy the struggling search engine operator "unfortunate" late Monday but signaled it won't give up its efforts to acquire the company.

"It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies," Microsoft said in a statement.

The world's largest software maker also said that based on talks with shareholders from both Microsoft and Yahoo, it is "confident that moving forward promptly to consummate a transaction is in the best interests of all parties."

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foxbusiness.com
Alernative sources (28)
Mr_Kuwabara6653d ago

"Never going to give you up, never going to let you down, never gana run around and desert you"

nix6653d ago

...and hurt you". LOL! q:

beoulve6653d ago

maybe google is going to buy them instead?

Mr_Kuwabara6653d ago

They were reports stating that Yahoo! were actually trying to tease Microsoft for them to upper there bid.

Who knows..

Primetimebt6653d ago

I doubt google will buy them.. If they do they may having mircosoft screaming "Anti trust, monopoly over the search engine market."

Brian52476653d ago

Cant buy everything you bastards.

BLaZiN PRopHeT6653d ago

like i said the board of directors for yahoo will be replaced with people who are pro buy out. this is what the share holders want and thats money.

wageslave6653d ago

MS offered them a better than fair price.

I agree. It is unfortunate, It looks to me that YHOO is banking on them making a better offer.

I hope they simply bury them instead of buying them. $44B is a lot of opportunity.

whengeeksgobad6653d ago

if you were on the board and stood to walk a few 100 mill, wouldn't you?

ScentlessApprentice76653d ago (Edited 6653d ago )

The only way that would happen is if Microsoft purchased and acquired a significant portion of Yahoo's common stock from the current shareholders and then decided to use all of their voting rights against those of the other shareholders to discharge the current directors on the board and then elect new directors that would approve of the buy out.

Yahoo must have already forseen this possibility and they must have probably already purchased back most of their outstanding shares so that Microsoft can not obtain a truly significant amount of ownership to make that much of an impact.

IntelligentAj6653d ago

You know damn well MS is not going to let this go. They'll keep trying to complete that deal. I don't think they'll raise the offer but some time might make the board reconsider.

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50°

44% of games industry professionals have considered leaving the industry as a result of redundancies

New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.

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gamesindustry.biz
Cockney12d ago

Well if that 44% left im sure there would be a lot less redundancies

40°

Stop Killing Games on the latest European Commission public hearing

It's a step forward for Stop Killing Games.

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rockpapershotgun.com
50°

"Be creative 99% of the time" – Glen Schofield on how creativity can help fix AAA industry woes

The Callisto Protocol director thinks the solution involves the right people, the right timing, and perhaps a little bit of AI

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gamesindustry.biz
lodossrage14d ago

I don't agree with that. I WISH I could agree with that. But buying habits and customer opinions prove otherwise

We've seen developers in the AAA space try new things and ideas. More often than not, the customers aren't willing to give things a chance, or not enough people buy into the project for it to grow.

Creativity works better in the indie space because the budgets, pressures, and expectations aren't the same.

Scissorman13d ago

it's a nice idea and it worked during the PS2/PS3-era when AAA didn't cost hundreds of millions of dollars. smaller budgets and shorter development time left room for more creativity and more risk. a game didn't need to sell 4 million+ copies to break even. things are different now.

__y2jb12d ago

This is the guy who bragged about crunching his staff and having them work through the night. Crunch culture has lost more talent and done more damage to the industry than any other factor. Screw him.