Microsoft Responds to Yahoo Rejection
February 13, 2008 |
The Yahoo shareholders aren't the only voices weighing in on the Yahoo boards rejection of Microsoft's hostile takeover bid. Microsoft has replied publicly now as well. The computer giant said it will push forward with its offer, however; it does not say whether it will increase its bid or not.
From Microsoft representatives:
“We are confident that moving forward promptly to consummate a transaction is in the best interests of all parties,” Microsoft said in a statement.
The company called the rejection "unfortunate". Shareholders with Yahoo agree, filing suit against Yahoo this week for a second time, accusing the company of not looking out for its shareholder's best interests.
It isn't clear whether a Microsoft – Yahoo partnering would be beneficial for users of Yahoo's many online services or not, though most users are against being lumped in with Microsoft, not known for being a user friendly company. The alternatives for Yahoo, including a possible Google bailout, aren't that appealing to the internet at large either.
Keeping Yahoo alive in any form seems to require either a lowering of quality for its users via merging with Microsoft, or a seeming ad monopoly that puts internet advertisers at a disadvantage via partnering with Google (and don't get me started on the potential for an AOL partnership – that would be horrible). Regardless of opinions on Yahoo's choices, it is becoming more and more plain that the company can not survive as is.
