News Corp Says “NO” to Yahoo.com; MSFT Profits to fall if Deal Moves Ahead
2008 February 4
Yesterday we listed somethings that could stand in the way of Microsoft buying Yahoo.com. One of those was the possiblity of a higher bidder from another company. One possiblity we gave was News Corp, the owner of Fox and Myspace.com among many other media properties.
Today according to reports, during a conference call with analysts, Mr. Murdock said News Corp was definately NOT going to make a bid for Yahoo.
In other news on the deal today, Microsoft annouced today that its bottom line would drop to about break even levels for the next two fiscal years after its propsed acquistion of Yahoo closes. Under the proposed deal, Microsoft would pay $44.6 billion to Yahoo shareholders, half in cash and half in stock.
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Apple should buy them; the Yahoo employees wouldn’t abandon ship like many will if MS gets it, and Jobs would make the company all that is should be.
Interesting point. Haven’t seen anyone, anywhere mention Apple as a interested party and certainly not within their business model, but Jobs certain could upright the ship
How about IBM buying? I hear they have a few bucks still. Murdock at News.com doesn’t think he can use Yahoo to influence the political thought process for the right wingers like he might be able to use Myspace and the other social or traditional media venues. That’s what will keep him out of the race.
Doc
Doesn’t seem to go with IBM business model.
More and More its looking like the only real option for Yhoo would be some sort of marketing agreement with Google, which would also need regulatory approval and might have even a harder time getting approved.