Microsoft Buys Yahoo!
by Frank Jovine on 04/01/2009 in Business, Internet
In a long battle and now a victory, Microsoft will try to gain market share in the search business, the reality is finally here!
CEO – Steve Ballmer confirmed the purchase Tuesday at 10:49 PM PST for an estimated cost of 39 billion dollars. This is a far cry from the original offer of 44 billion. I guess it pays to wait for the perfect time to swoop in and take the bull by the horns.
Carl Icahn told the board to stop avoiding the issue and publicly offer to sell the company to Microsoft for $34.375 a share. It looks like Carl lost out on this deal.
I strongly think that both Microsoft and Yahoo need each other. Yahoo has sat on their hands for the last 3 to 4 years while Google has made major strides, with many great features for its fan base.
Microsoft has a lot of catching up as Google is now the #1 ranked web company according to Alexa.com.
Google has developed a lot of tools “us internet users” can use to improve our internet experience.
Read the entire press release here.
Simply Ridiculous
Apr 1st, 2009
Wow.. This was long overdue.. Microsoft had to make some inroads into the online world.. This is only way Microsoft can even think of giving stiff competition to Google.. Yet, they are a long way from giving Google a run for their money..
Microsoft Just Bought Yahoo
Apr 1st, 2009
[...] Microsoft Just Bought Yahoo Microsoft Buys Yahoo! Posted 04.01.2009 by Frank J in Business, Internet, In a long battle and now a victory, Microsoft will try to gain market share in the search business, the reality is finally here! CEO – Steve Ballmer confirmed the purchase Tuesday at 10:49 PM PST for an estimated cost of 39 billion dollars. This is a far cry from the original offer of 44 billion. I guess it pays to wait for the perfect time to swoop in and take the bull by the horns. Microsoft Buys Yahoo! | TechJaws: Internet Security and SEO [...]
Jilli
Apr 1st, 2009
I think we all saw it coming just didn’t know when it would seal and deal.
Frank J
Apr 1st, 2009
Did you read the press release?
Gennice
Apr 1st, 2009
LOL! Nice one! You almost got me!
Frank J
Apr 1st, 2009
LOL. I thought I would at least get a few people.
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ben
Apr 15th, 2009
fantastic blog this is what ive been looking for cheers SEO
Frank J
Apr 15th, 2009
Ben,
Thank you for the kind words!
Hamming
Jul 26th, 2009
You just trick me. I thought it was real. I search for “microsoft buys yahoo” in Google and this page popped up. So, I clicked through it and found out that Yahoo is already taken over till I read the press release.
Have to say, nice one.