Microsoft bids $44.6bn to acquire Yahoo
February 1st, 2008 | by Jose Miguel Cansado |
The news of the day is the Microsoft bid to acquire Yahoo. There has been rumours for years on this wedding. Lately many articles were rising serious doubts on Yahoo’s strategy to compete with Google, and that is certainly accelerating the action. See Yahoo news during the past days:
Let’s Trash Yahoo During Happy Hour, TechCrunch
Yahoo serves up layoffs but no strategy, Cnet
Yahoo to lay off 1,000, Q4 profit drops, ZDnet
Yahoo’s Vision-Goes-Here Strategy, NYT
Yahoo: Terry Semel off the board, Cnet
The Apologetic Jerry Yang, NYT
Now Microsoft has moved, only hours after Yahoo was rumoured to acquire Maven Networks, a video hosting service for $160m. Microsoft bid for Yahoo clearly aims at giving battle to Google on Advertisement.
NYT compiles first blogs reactions to the take-over bid in this article. GigaOm’s reaction is not in the compilation but it is a good analysis.
With the 65% premium on price, the take-over is likely to succeed. And then, what will happen with the plans for Yahoo music store? and to the Yahoo mobile aspirations?
