2008: The year of buyouts

Author txtu Date created Feb 1, 2008 Filed under Technology

 
 

This has been an exciting year so far — first Sun Microsystems buys MySQL. Then Nokia acquires TrollTech, the creator of the Qt library used by KDE. But these will be just a spec of dust in our eyes if the one I just read on my email box pushes thru.

News came out that Microsoft has offered to buy Yahoo at a price of $44.6 billion dollars. The purchase price offered to the stockholders has a 60+% premium over the current stock price. Yahoo has been experiencing some problems lately and revamps in it’s upper management has placed Yang as CEO in the hopes of bringing the company back into a better performance.

The 2007 Q4 earnings of Yahoo has experience a more that 20 percent decline and if the Yahoo stock holders accept the offer, Microsoft will now be in a more competitive position to challenge Google in the online search arena.

Personally, I hope Yahoo would not accept the offer. I wonder what the new name of Yahoo will be? — Live Yahoo!? I hope that yahoo.com will not suffer the same fate as hotmail.com — just a redirect to Microsoft’s live.com

 
 

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This entry was posted on Friday, February 1st, 2008 at 10:43 pm and is filed under Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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