Everyone Wants a Bit of Yahoo!
What is Yahoo to do? With what it calls an undervalued takeover offer on the table from Microsoft, the popular search engine is feeling the pressure to take some action. Not all that pleased with Microsoft’s bid, Yahoo has turned its attention to Time Warner.
Although it was rumored that Yahoo was in talks with News Corp., current information suggests that it is now in talks with Time Warner. This potential deal would have Yahoo acquiring AOL in exchange for the media conglomerate taking a significant minority stake in Yahoo. The alliance would apparently save the companies $1 billion a year.
What Yahoo will do with AOL is still unclear, but talks with Time Warner are an apparent indication that Yahoo is intent on finding as many alternatives as possible to Microsoft’s bid.
Industry experts claim that a merger with Microsoft would be more valuable to service providers. But days wear on and Yahoo has yet to strike a deal with Microsoft. This delay has caused Microsoft’s shares to decline and thus lower the bid from $44.6 billion to about $41 billion.
Microsoft does not seem to want to increase its bid. It seems more likely that Microsoft will try to force Yahoo’s hand by proposing new directors to Yahoo’s board that would vote in favor of the merger.
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