Well, most people may know it by now. Microsoft pulled back from their Yahoo offer yesterday.
Microsoft’s CEO Steve Ballmer announced publicly that also Yahoo’s cooperation with Google made them unattractive for a hostile takeover.
Well what did I and most people with an IQ over 10 expect to happen today? Thats right, everybody will short Yahoo.
Why? Yahoo’s stock jumped from 19$ to 28$ in february after MS made the aquisition offer.
This morning it jumped back from 28$ to 23$. Well, at least atm. its’s back again to 24$. After a pretty nice quarter nobody expected it to drop back to the old 19$ mark.
Now do not expect Microsoft to pull from their ambition. Ballmer will probably announce a new offer in the future. But that new Microsoft offer will probably value Yahoo some dollar’s under the 33$ per share that Microsoft previously offered.
Or will Google try something impossible and acquire Yahoo? I surely do not hope so. Total Google domination over the net would probably not even be tolerated in Washington.
Anyway, Yahoo’s shareholders will end up with less money and without their company. And I won’t end up with a better Yahoo search marketing platform. At least not for now.
One Comment
Posted June 2, 2008 at 3:56 am
not a shock the deal never went through, the corporate cultures were and are so far apart.