Monday, December 20, 2010
Rather die than surrender to the vague wandering from: Yahoo real contests for the price?.
<P> Yahoo's board responded last night: as long as the price is right, the company is not opposed to Microsoft deal. .Provided that Microsoft's $ 31 a share based on the increased purchase price. .Express response to Microsoft's ultimatum to Microsoft on Saturday issued a hearing for the "ultimatum letter", Yahoo's board responded last night. .Yahoo Board To Microsoft CEO Steve Ballmer (Steve Ballmer), said the letter, as long as the price was right, the company is not opposed to Microsoft deal. .Provided that Microsoft's $ 31 a share based on the increased purchase price. .Yahoo also said the board has been actively exploring other alternatives, the goal is to maximize shareholder value, this process is still ongoing. .According to sources, Yahoo has stepped up its cooperation with Time Warner's America Online (AOL) merger between the negotiations. .Informed sources, earlier, Yahoo held talks with News Corp., but ultimately failed to achieve substantial results. .Were informed by superiors that direction, Yahoo and News Corp shall not disclose the details of the negotiations. .To Yahoo's board on Saturday letter, Microsoft CEO Steve Ballmer gives a 3-week ultimatum, saying if a deal can not be three weeks, Microsoft will reduce the offer and Yahoo's board of directors initiated a proxy contest .. .Analysts say Yahoo now faces two choices, either to find an ally to help it prove as an independent company Yahoo has a higher value, or the quarter with a substantial increase in performance reports to prove their worth to the market. .Yahoo last week said the company to the shareholders may be with Google and AOL co-operation, it hopes to persuade institutional investors to enable them to believe that even without Microsoft, the business will still grow up and prosper. .In fact, Yahoo's stock price recently has been maintained at around 28 dollars, even though Microsoft claimed that at "tearing" Yahoo has not decreased further. .</ P> <P> Yahoo responded yesterday stressed that "Microsoft threatened to carry out hostile takeovers and proxy contest launched to replace our independent directors. Such a threat would not achieve the desired objectives. Our shareholders that the existing independent directors .able to objectively evaluate the company's strategic plan, and the company and maximize shareholder value, and we are very confident. "(This article Source: Jinyang - New Express) respond to the threat to Microsoft Yahoo The Wall Street Journal Yahoo (Yahoo Inc ..) two senior executives reiterated their view that Microsoft (Microsoft Corp.) is currently 42.25 billion U.S. dollars takeover offer seriously underestimated the value of Yahoo, but they also said that if the software giant with this deal better than the other .program, Yahoo will continue to keep an open mind on the deal. .Microsoft Chief Executive Steve Ballmer (Steven Ballmer) sent a letter to Yahoo directors over the weekend that within three weeks if they do not agree to deals with Microsoft, they will launch hostile bid for Yahoo. .The first time in two days after Yahoo chief executive Jerry Yang (Jerry Yang) and chairman Roy Bostock responded to the letter Ballmer sent. .This time the correspondence between the two companies demonstrated the oral contest. .And Yahoo issued a letter on Monday close to call Ballmer is that the situation was evolving more and more like a debate between private individuals. .Yang and Bostock also alleged Microsoft Yahoo will be the impact of the current economic weakness to make rebuttal argument that fiscal fourth-quarter results show that the performance of Yahoo status and consistent with prior expectations. .January 31, Microsoft's proposed $ 31 per share in cash and stock to acquire Yahoo, the total purchase price was 446 million, Yahoo's board rejected the proposal. .Microsoft shares fell thereafter due for a corresponding decline in Yahoo's purchase price. .Yahoo's management has insisted that advertising, Yahoo, Microsoft's initial offer undervalued the value of; Jerry Yang and Bostock and Ballmer in the same week a letter repeatedly referred to, as long as Microsoft will fully reflect the purchase price is raised to the value of Yahoo, Yahoo or .will consider a deal with them. .They also said that Ballmer's letter mistakenly describes the negotiations between Yahoo and Microsoft's properties. .Yahoo has been with Microsoft for integration and regulatory issues, and many other aspects of the constructive dialogue; Given Yahoo has rejected Microsoft's initial proposal, and Ballmer suggested price would reduce the practice of Yahoo, Ballmer called Yahoo declined to reach .trade negotiations to say is really puzzling. .</ P> <P> Yang and Bostock said Ballmer himself participated in the previous two meetings, the original by the way he considers appropriate to further the dialogue with Yahoo. .Microsoft purchase Tiger hit the laws of China International Herald Tribune "Microsoft purchased tiger" case may have caused China's Internet companies stress trend. .China's new anti-monopoly body may let in on the Microsoft Yahoo merger, but sooner or later will be positive for its technological monopoly showdown International Herald Tribune reporter WANG Xiao-jie from Beijing, "Microsoft's acquisition of Yahoo may have been hindered from China." United States ."The New York Times" recently wrote that on August 1 this year, China's anti-monopoly law to be implemented, China is likely to antitrust regulators will "Microsoft purchased Tiger" to review the case - because the case is not only a direct impact on China's Internet industry .the competitive landscape, and "likely to threaten China's national security." .In this regard, China's antitrust experts believe that sooner or later, Microsoft and China's anti-monopoly body to deal with, regardless of whether the case of Yahoo became first time together. ."Microsoft purchased Tiger" threat to their Chinese counterparts as Yahoo, Yahoo China, and China's largest e-commerce site Alibaba stake in the complex relationship between, "Microsoft buy tiger" case of the impact of China's Internet market, may in no way inferior to the United States .. .Currently, Yahoo is the largest shareholder in Alibaba. .In 2005, Yahoo with its Yahoo China subsidiary Taobao shares and 10 million in cash-for-got 40% stake in Alibaba. .If the overall acquisition of Yahoo by Microsoft, it will be an indirect acquisition of Alibaba. .Many Internet watchers believe that if the acquisition is completed, Microsoft, Yahoo, Alibaba will form a strong network of "iron triangle" of colleagues around the world, especially China's Internet companies result in stress trend. .</ P> <P> "China is fully justified, it should review the Microsoft acquisition of Yahoo's behavior." Participated in the drafting of China's Antimonopoly Law by the Chinese Academy of Social Sciences researcher Ye Wang told the "International Herald Tribune," according to China last year .August antitrust published, for the extraterritorial application of the alleged monopolistic behavior, as long as possible "to eliminate competition in the domestic market, limited impact," the review should be reported to the Chinese government. .Has been based on anti-monopoly review but, what kind of business are required to China's anti-monopoly act reported to the review, not to make specific provisions in the Antimonopoly Law. .To enhance the operability of the law, March 27, the State Council Legislative Affairs Office has been reporting on the alleged monopoly of published standards and reporting procedures draft, Aug. 1 of this standard will be finalized. .So, if Microsoft takeover of China in the August 1 before the commencement of anti-monopoly law to reach, whether China can escape the review? ."According to the implementation of the 2006" Acquisition of Domestic Enterprises by Foreign Investors requirement ", the Chinese Ministry of Commerce on foreign mergers and acquisitions can still be anti-monopoly review." Wang Ye said that the provisions of Chapter V is the "anti-monopoly review" .subject to the review of the situation of foreign mergers and acquisitions have made a detailed description of the indirect acquisition Alibaba options are, but also a "foreign acquisition of domestic enterprises," the scope. .As for the "New York Times" said China is concerned that "Microsoft purchased Tiger" threat to national security, Wang Ye think that this is purely an exaggeration: "maintain the purity of Chinese Internet content, security, the goal does not need to rely on anti-monopoly law to achieve." " .software monopoly "also escape review," Although China's antitrust authorities are likely to examine the behavior of Microsoft, Yahoo merger, but that does not mean that the review will be implemented. "associate professor of Renmin University of China Han Yu told the" International Herald Tribune " ."Because Microsoft acquisition of Yahoo is not very significant threat to China's Internet companies. In China, local Internet companies still have an absolute advantage." Currently, foreign investment in China's Internet market less proud of: Sina, Tencent, Baidu, Alibaba .local site visibility, market share are much higher than Microsoft, Google, eBay these foreign competitors. ."But the judge after the Microsoft acquisition of Yahoo, will have an adverse competitive Chinese Internet company, is justified." Han Yu added that in this case, if the Chinese company to promote the individual, the more prone to anti-trust investigation. .</ P> <P> "In fact, the Chinese monopoly on the software is more likely to sue Microsoft." Han I think that, regardless of whether China will be to review the Microsoft deal, Microsoft and China's future will inevitably head to head anti-monopoly agency. .</ P> <P> Fang Xingdong famous Internet observers told reporters that his side had several software companies are collecting evidence, "and other anti-monopoly law implemented, they can sue Microsoft in the software price fixing, bundling aspects .'crime' was. " .</ P> </ p>.
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