Microsoft backs off from Yahoo hostile takeover

After a turning battle of withdrawal Microsoft has backed off of the hostile takeover that they planned for Yahoo. Siting that it would not be in the best interest for them at this time. They had increased their bid for Yahoo to be $41.5 billion, or $37 per share. What seems to the be issue is that Yahoo executives wanted $38 per share in their last Wednesday’s meeting.

Microsoft being in the third seat of internet search engine companies wanted to chip away at the number one spot (Google). Competition is the essence of business. But Microsoft felt it wasn’t a good business move at this time to takeover Yahoo because Yahoo with their negotiations with Google in an alliance would cede too much power to Google in the lucrative search advertising market.

What I think….. One can only wait and see what is to come next over this year as to whether Microsoft will step up to the plate again and try their hand at bat. I personally hope that whatever the outcome Yahoo executives will use their heads in their decisions. If a merger is to be sanctioned by them goodness let it be with Google.

Microsoft vs Yahoo

Check out this video from February for some background information.

Loaded: Google versus Microsoft

What’s up with Microsoft and Yahoo!

Today again we face a major internet player trying to takeover Yahoo. This has been going on for quite some time now. Google and now Microsoft. CEO  Steve Ballmer, left, told employees in a company assembly Thursday (5-10-08)  that he knows how much he’d spend to buy Yahoo and accelerate his company’s Internet play. Meanwhile, Yahoo CEO Jerry Wang seemingly wants to take a less aggressive approach by keeping an open mind for other offers of merging with Google now for a more vast search engine platform.

This I know the big guys just keep getting bigger and for our purposes we should be aware of what is going on and how this will effect us and our internet searches. A question to ask yourself being that Microsoft has the monopoly on PC software, updates and what all do we want them to totally control the search engines too? They are going after Google it seems not just in healthy competition but hostile and aggressive. But yet they are willing to walk away if the price isn’t right. Now standing at a whopping $42.4 billion dollars. Can you say, “Yahoo-oooo!”

Assertive or Aggressive you be the judge