Welcome!

Python Authors: RealWire News Distribution, Reuven Cohen

Related Topics: Python, SOA & WOA

Python: Article

Yahoo, Microsoft, Google - The Great i-Technology Love Triangle

Yahoo Delays July 3 AGM, Loses One Director
By Search News Desk
Article Rating:
May 23, 2008 05:00 AM EDT
Reads:
 4,061

Will Microsoft buy not all of Yahoo but only its search business? Can Yahoo stave off corporate raider Carl Icahn? Might Google yet team up with Yahoo?

In an effort to buy itself time to head off shareholder activist Carl Icahn's mission to nominate a slate of completely new directors for the search giant, Yahoo has made an SEC filing saying that its July 3 AGM is postponed till the end of July. One of its current ten directors, Edward Kozel, also resigned from the board and will not be replaced.

The regulatory filing comes as Microsoft continues its quest to negotiate a partial alliance with Yahoo to replace its previous all-out acquisition strategy.

Carl Icahn, meanwhile, told an audience in New York last night, that Microsoft should definitely step in:

"Microsoft would be crazy to give up this opportunity that we handed them in this fight...These companies should be merged in one way or another."
Yahoo's stock is up 18% so far this year and is attempting to come up with a deal with rival Google whereby Google would sell ads appearing alongside Yahoo's search results. In an alternative strategy Microsoft is rumored to be bidding now for Yahoo's search business only (worth $21BN according to Sandeep Aggarwal, an analyst quotes by the Financial Times) - leaving out of the transaction its display and communications properties (worth $1BN) and its investments in Asian partners ($9.25BN).


Published May 23, 2008 – Reads 4,061
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Search News Desk

SYS-CON Media's Search Developer's Journal (search.sys-con.com), is the first and only global publication to present the hottest timely topics on the merging search engine companies, search optimization and search engine marketing industry, and all related articles, feature and news stories for search technology professionals.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.