Yahoo Can Run, But It Can't Hide In Geneva

Yahoo Can Run, But It Can't Hide In Geneva

Microsoft and Yahoo executives quietly met on Monday to talk over Microsoft's unsolicited offer to buy Yahoo. It wasn't the sort of meeting where hands are shaken and papers are signed; reportedly Yahoo executives just listened to Microsoft explain what would happen if Microsoft's bid was accepted. Yahoo has been thrashing around trying to find some way to avoid being purchased, but time might be running out for them. In the very likely event that Yahoo's next quarterly results are announced and they are weaker than last quarter, Microsoft could lower their bid, and thereby cause an insurrection of shareholders against the current board. Your move, Yahoo.

Yahoo's board rejected Microsoft's offer Feb. 11, saying it undervalued the company. The cash-and-stock offer was initially valued at $44.6 billion, a 62% premium to where Yahoo shares traded the day before it was announced. Since then, a 12% decline in Microsoft shares has reduced the total value of the offer to $41.9 billion, or $29.11 a share.

Microsoft has refused to consider raising its offer unless it gets a closer look at Yahoo's books, the people familiar with the matter say.

Separately, Yahoo said it is moving its European headquarters to Switzerland from London. The company said it will move to a site on the shores of Lake Geneva within 18 months. The move is "part of our ongoing international business strategy to increase competitiveness, deliver financial results, performance and efficiencies," the company wrote in a release.

Ah, efficiency. I'm sure that lakeside real estate in Geneva, Switzerland is ever so much cheaper than London. Someone should inform Yahoo that they have an Internet business. You could run it from somewhere that doesn't sell real estate by the square inch.
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News:
Separately, Yahoo said it is moving its European headquarters to Switzerland from London. The company said it will move to a site on the shores of Lake Geneva within 18 months.
 

It seems more likely that within 18 months Yahoo's headquarters will be wherever Microsoft wants it to be.

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I think Microsoft's bid was high as it was and yahoo will be kicking themselves before it's over with. I know I am not the smartest person to walk the planet but sometimes I dont understand these so called "business decisions" these executives claim they are making for the good of the company except this time Microsofts offer was actually GOOD for the company's shareholders and they turn it down.. what??

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I know Microsoft has just about enough cash in the bank to swing this without even taking up a loan, but it still seems like a huge move on Microsoft's part. If Yahoo knew what was good for them they would have jumped at the initial offer before it dropped $2.7 billion.

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i cant see how they are gonna avoid much longer on being bought out 

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