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Ballmer: Yahoo profits won't change Microsoft offer

updated 01:15 pm EDT, Tue April 22, 2008

 

Ballmer on Yahoo profits


Microsoft's acquisition offer for Yahoo -- now valued at $43.2 billion -- will not rise, regardless of how well the latter company has done in its latest quarter, according to Microsoft CEO Steve Ballmer. Yahoo will announce its first-quarter results later today, and is expected to show signs of pulling out of a two-year decline, a factor which may increase investor confidence in the company's management. Similarly, Reuters notes that Yahoo executives may use this to protest Microsoft's $31-per-share offer as undervalued.

"I wish Yahoo all the success with its results," counters Ballmer, "but it doesn't affect the value of Yahoo to Microsoft."

Ballmer says he is in fact standing by a deadline set earlier this month, elapsing this Saturday, under which Microsoft may actually lower its bid for Yahoo. The new offer would be taken directly to Yahoo shareholders, and signal the beginning of a proxy battle, with Microsoft attempting to have a sympathetic board of directors elected.


By Electronista Staff

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Investor, industry, Microsoft, Yahoo

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Previous Comments

  1. Athens

    Addicted to MacNN

    Joined: Jan 2003

    0
    04/22, 01:37pm | report spam | reply

    bah

    GET LOST MICROSOFT


  1. climacs

    Fresh-Faced Recruit

    Joined: Sep 2001

    0
    04/22, 01:49pm | report spam | reply

    lower your bid Ballmer

    geez anybody notice any similarities between Ballmer and Bush??? As in, a complete stubbornness in the face of the facts? Such as, Yahoo shareholders now have even LESS reason to accept a lower bid?

    If you worked at Yahoo and Microsuck took over, would you really want to work for an a****** like Ballmer? I predict a massive brain drain should they actually succeed in the takeover.


  1. climacs

    Fresh-Faced Recruit

    Joined: Sep 2001

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    04/22, 01:52pm | report spam | reply

    it will be interesting

    to see how ballmer 'gracefully' (like a hippo) walks back his assertion that he would lower his bid.

    "Hey, I was checking my pockets for loose change, and what do ya know, I found an extra $3 billion to sweeten the bid for Yahoo...'


  1. jimothy

    Fresh-Faced Recruit

    Joined: Sep 2000

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    04/22, 03:13pm | report spam | reply

    Well that's absurd

    Yahoo's earnings not change how Monkey Boy values Yahoo, but it does affect the market values the company. And that affects the willingness of shareholder's to accept Microsoft's offer.


  1. JackWebb

    Fresh-Faced Recruit

    Joined: Aug 2007

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    04/22, 04:04pm | report spam | reply

    No I don't

    Bush is more of a humble guy who can't communicate who sticks to his principals. You can call Bush stubborn but I know a lot more people that fit the description of can't face facts including 1 climacs. Ballmer is just a plain egomaniacal idiot who keeps making a fool of himself and can't see it.


  1. gambit-7

    Fresh-Faced Recruit

    Joined: Feb 2001

    0
    04/22, 05:21pm | report spam | reply

    jackwebb:

    ROTFLOL! Best bit of satire I've read all day.


  1. dliup

    Fresh-Faced Recruit

    Joined: Jan 2006

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    04/22, 05:40pm | report spam | reply

    gracefully?

    I would say 'gracefully', not like a hippo, but more like a un-showered (with sweaty armpits) monkey on speed with short term memory (developers...developers...developers...developers...)

    But I think it's good that MS try to go for it. Hopefully MS will be the next AOL.

    Hum, about Bush, quoting Leno "If comparing Bush to Nixon, no one would call Nixon incompetent."


  1. climacs

    Fresh-Faced Recruit

    Joined: Sep 2001

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    04/22, 08:05pm | report spam | reply

    28 percent

    just a reminder of the company you keep, jackwebb.


  1. Monde

    Fresh-Faced Recruit

    Joined: Jan 2004

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    04/23, 12:39am | report spam | reply

    Bush not equal to Ballmer

    Don't know where you got the connection between these two, but there isn't any.

    Ballmer was a product of modest beginnings and, via a college friendship with a cat named Gates, he managed to work his way up to the top at MS. He is a genuine boor with nary an original idea in his head, who surrounds himself with yes-men fawning at his ever utterance. Apple has gained by Ballmer's incompetence.

    Bush was of a wealthy privileged background. Attended and graduated from Yale as a legacy. Got into the oil business, abused alcohol and drugs, became involved in his father's political machine and took off with that. He later became President and has made questionable choices as to foreign policy in regards to international Islamic terrorism.

    I think the only thing these guys truly have in common is that no one likes either of them. Also, I wish Ballmer 20 more years at MS. That should be about time to turn the MS/Apple table.


  1. chucker

    Fresh-Faced Recruit

    Joined: Mar 2007

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    04/23, 05:00am | report spam | reply

    bush-balm

    geez anybody notice any similarities between Ballmer and Bush???

    No looks more like Dr Evil to me...

    http://images.google.com/images?hl=en&q=dr+evil&btnG=Search+Images&gbv=2


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