Yahoo and its board of directors have been sued by two Detroit pension funds saying they breached their duties to shareholders in not accepting Microsoft offer of $31 a share. The attorney's are also seeking class action status. Earlier this month, another shareholder, the Wayne County Employees' Retirement Systems, sued the Yahoo board. … [Read more...]
Microsoft Will Not Increase It’s Offer/ Proxy Battle Coming/ Yahoo Passes Severance Plan
According to reports published today, Microsoft will not increase its bid for Yahoo above the $31 a share offered two weeks ago. The same reports states that Microsoft will instead authorize a proxy battle for Yahoo. According to the report Microsoft would nominate a slate of directors by March 13, if Yahoo's board does not enter merger talks with Microsoft. It was estimated that a proxy fight … [Read more...]
This Weeks Yahoo-Microsoft Merger Update
This was the week that Yahoo said no to $31 a share offer by Microsoft. It was also the week that Yahoo raised the possibility of seeking a marketing deal with News Corp, or a deal with AOL. It is expected that Microsoft will increase its offer to $35 a share in the next week or two or launch a hostile takeover bid which would involve unseating most or all of the Yahoo Board of … [Read more...]
Marchex Beat’s Street Estimate
Marchex Inc., one of the companies in our Domain Parking Stock Index, reported 4th adjusted earnings of $3.39 million, or 8 cents a share, above the 6-cent mean stret estimates. Adjusted earnings the prior-year quarter were $5.07 million, or 13 cents a share. In the quarter ended Dec. 31 the company swung to a net loss of $774,165, or 2 cents a share, versus $4.97 million, or a loss of a … [Read more...]
News Corp. and Yahoo in Talks
According to reports, News Corp. and Yahoo are in discussions about combining MySpace and other News Corp.owned online properties with Yahoo. Reportly News Corp. would get a stake in Yahoo, and a private equity firm to contribute cash to the deal. The deal would allow Yahoo to remain independent while giving News Corp. substantial control over a huge array of Internet properties and advertising … [Read more...]
Microsoft Answers Yahoo
In a statement released today Microsoft answers the rejection of it's offer by Yahoo! " It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies. Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties. We are … [Read more...]
YAHOO TO REJECT MICROSOFT’S OFFER
According to a report published by The Wall Street Journal Online today, the Board of Directors of Yahoo!!!! plan to reject the bid of $31 a share offered by Microsoft a week ago Friday, saying it "massively undervalues" Yahoo.com It had been reported this week by several source that Yahoo was looking for Microsoft to offer at least $35 a share. According to this report, Yahoo will not … [Read more...]