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May 18th, 2008
Today , Microsoft issued a new press release regarding Yahoo after the current development in the situation since the withdrawal of Microsoft from the takeover proposal . In the recent release Microsoft has announced that they are studying alternate options to expand their business and advertising efforts.
Microsoft has considered and raised the issue with Yahoo of an alternative cooperation between the two internet giants but not a complete takeover.Microsoft is offering to buy only Yahoo search advertising business and not the whole Yahoo so that Microsoft will be a shareholders in Yahoo not the owner.
“Microsoft is not proposing to make a new bid to acquire all of Yahoo! at this time, but reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo! or discussions with shareholders of Yahoo! or Microsoft or with other third parties. ” as stated in the Microsoft press release.
The new Microsoft proposal increased the complexity of the situation at Yahoo . Will this new proposal put an end to the mutiny in the shareholders side ??? We’ll see…..
You can leave a response, or trackback from your own site.Tags: Microsoft, microsoft offers yahoo new deal, Yahoo
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