It looks like Microsoft might be refusing to take no for an answer in their bid to buy out Yahoo! in a bid worth $40Bn. After having their bid rejecting because the Yahoo! board believed it significantly undervalued their brand and investment in technology Microsoft are rumoured to be responding by attempting to ignite a proxy fight to take over the company. Such a proxy fight would see Microsoft nominate a group of directors sympathetic to a deal for shareholders to vote on at Yahoo’s annual meeting. According to Morningstar this is Microsoft using the carrot and the stick approach, just both at the same time! The carrot of the share price, 62% above trading price, and the stick which comes in the form of the threat of a proxy battle. The drama continues and maybe Microsoft will get their way after all!
[...] against Google. After months of speculation (and numerous articles on The Digital Lookout here, here and here) a deal has been done which will effectively see Yahoo give up on search, and hand their [...]
[...] various potential mergers and buyouts, mostly in the world of the search engines. Whether it is Microsoft buying Yahoo, Yahoo partnering with Google /a>, or Yahoo merging with AOL barely a month has gone by without a [...]