Well, like people say “never say never”, Microsoft has sent another proposal to Yahoo for possible acquisition. This time it would not involve the acquisition of all of Yahoo’s assets although Microsoft said it “reserves the right”‘ to reconsider its bid to acquire all of Yahoo.
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Following is the full text of Carl Icahn’s letter to Yahoo’s Board of Directors on “proxy” issue. This letter was sent to Yahoo today along with the attached biographies of ten nominees for the Yahoo! board. To read Yahoo Chairman Roy Bostock’s reply click here.
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Billionaire investor Carl Icahn, a veteran of numerous proxy battles is thinking of mounting a proxy campaign to replace Yahoo Inc board members, according to a reliable source. He wants both companies to come back to the negotiation table after Microsoft walked away from Yahoo a few days ago.
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According to the Sunday Times, Vodafone may offer $39 billion to buy MNT Group Ltd. which is the largest mobile phone company in Africa. Vodafone’s CEO Arun Sarin told his acquisition team, led by former UBS AG banker Warren Finegold, to seek ways to buy Johannesburg- based MTN. MTN Financial Director Rob Nisbet said he [...]
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Wall Street Journal has reported that Microsoft and Facebook are in talks with each other over possible merger. A Microsoft source claimed that its financial team is in contact with Facebook’s team to see if they are willing to sell or not. The talk is in early stage and no time frame could be given [...]
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BLOOMBERG – Yahoo! Inc. fell the most in almost two years on the Nasdaq after Microsoft Corp. walked away from its $44.6 billion bid of the Internet search company because executives couldn’t agree on a price. Its stock dropped as much as 20 percent.
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So it’s official now that Microsoft has abandoned its plan to acquire Yahoo. But you never know when in future Microsoft may go again after Yahoo because “never say never”. The question arises though as to what was the main reason of deal failure?
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