- Get a grip or you don't get the job
- Desktops of the future here today
- Researcher hides IE attack on Web
- Cisco third quarter 2008 channel stuffing
- Sci-Fi's goofiest gadgets and technology
Rss FeedRss Feed
Flash vs Silverlight for king of Web multimedia. Listen now!
Tech vendors are like high school. Listen now!
Migrating to a new messaging system is a tedious, complex and risky process. And since this isn’t something you do everyday, you need to know "best practices" to ensure a successful migration.
Get the latest on storage technologies that allow IT professionals to better cope with new IT demands. Learn how storage technologies can help you successfully tackle e-Discover, regulatory compliance, green data center initiatives and the data explosion. Get all the details now.
HP's Network Lifestyle Management can help you automate network processes and improve NOC efficiency. This webinar is part three of a four part series on Business Services Management (BSM) evolution to help you better align IT with business objectives. Register for this event scheduled for Wednesday, January 30, 2008 at 11:00 a.m. PDT/2:00 p.m. EDT to learn more. Register for this live webcast now.
Where did it go?
Was it fed to fishes- Anonymous
Comprehensive Network & Voice Management Visit CA Network & Voice Management Resource Center and get insights into industry best practices, information that helps you to address your challenges.
Voice over IP (VoIP) has much to offer in cost savings but some customers have concerns about VoIP call quality compared to the quality of traditional voice services. This white paper will help you learn how to take the right steps so that voice quality is assured.
Managing your network is serious business. This paper discusses the benefits of integrating configuration change-awareness into your network fault management solution
Microsoft has dropped its nearly three-month-long pursuit of Yahoo, ending a historic acquisition attempt whose failure takes Microsoft back to square one in its quest to boost its online business to better compete against Google.
"We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo and the market as a whole. Our goal in pursuing a combination with Yahoo was to provide greater choice and innovation in the marketplace and create real value for our respective stockholders and employees," said Microsoft CEO Steve Ballmer in a statement distributed early Saturday evening.
Yahoo did not immediately reply to a request for comment.
Microsoft had raised its initial bid by about $5 billion, but that didn't convince Yahoo to accept the revised offer, Microsoft said. "After careful consideration, we believe the economics demanded by Yahoo do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal," said Ballmer.
All parties with a stake in the deal had been waiting for Microsoft to announce its next move, after Yahoo failed to agree to a deal by last Saturday, the deadline Microsoft had set three weeks earlier.
But Microsoft stayed silent for days, as observers speculated whether it would walk away or prepare a hostile takeover. However, on Friday anonymously sourced reports in The Wall Street Journal and The New York Times said that Microsoft and Yahoo had turned a corner and were for the first time negotiating merger terms in earnest.
Ultimately, it seems that Microsoft's management, fatigued by Yahoo's resistance and demands, decided that engaging in a proxy fight to oust Yahoo's directors would be an arduous and nasty process. After all, for Microsoft, the goal of the massive acquisition was to quickly become a mightier competitor to Google in online advertising.
As soon as Microsoft announced its bid for Yahoo on Feb. 1 -- valued at $44.6 billion at the time -- Yahoo's management began seeking and considering alternatives, while its stock began to rise from the latest pre-bid price of $19.18.
| NetworkWorld, Inc. | About Network World, Inc. | Advertise | Careers | Contact us | Terms of Service/Privacy | Reprints and links | Partnerships | Press room | Subscribe to NW |
| IDG, Inc. | CIO | Computerworld | CSO | Demo | GamePro | Games.net | IDGconnect.com | IDG World Expo | Infoworld | JavaWorld.com | LinuxWorld.com | MacUser | Macworld | PC World | Playlistmag.com The Industry Standard IDG List Services |
 |
Copyright © 1994-2008 Network World, Inc. All rights reserved. |
Yahoo's near sighted vision (or lack of)By Mitchell Ashley on May 5, 2008, 11:19 amMicrosoft's bid for Yahoo may have motivated Yahoo to get off its keester in the short term, but virtually everyone one of the moves Yahoo's made are catch...
Reply | Read entire comment
Microsoft walks from Yahoo bidBy Microsoft Subnet on May 5, 2008, 10:26 amThis isn't surprising. Steve Ballmer announced over the weekend that Microsoft would not be pursuing a hostile takeover of Yahoo and that the two companies could...
Reply | Read entire comment
View all comments