Online search giant Google has come out openly against Microsoft's $45-billion takeover bid for Yahoo, terming the deal as a threat to openness of the Internet.
Nicholas Carr, a leading tech critic and former executive editor of the Harvard Business Review, believes that whatever the ultimate outcome of the transaction, the eagerness of Microsoft to launch such a bid "tells us a lot about the changing shape of business on the Internet and how competition is likely to play out in the future."
Software giant Microsoft and Internet major Yahoo! on Wednesday signed a 10-year search deal that will see the two firms jointly challenging the dominance of Google in the search business.
With IT giant Microsoft bidding $44.6 billion to acquire internet major Yahoo! to take on growing competition from Google in the fast-growing online advertisement market, the domestic players in this arena today said they are ready for the new challenge.
Initially, the lure of a big paycheck may feel rewarding. But, over time, professionals find themselves drifting away from family, friends and personal joys, observes Pradeep Pramanik.
Software giant Microsoft has abandoned its three-month old bid to buy Yahoo after the two failed to agree on acceptable price and it concluded a hostile bid was "not sensible." Microsoft had earlier offered $47.5 billion which translated into $33 per share but Yahoo wanted $57 billion or $37 a share. Originally, the software giant had offered $44.6 billion or $31 a share but raised the offer as the negotiations progressed.
Internet search giant Google on Thursday said it will be "happy to help" India in implementing a project to provide unique identity numbers to citizens, if asked.
Software giant Microsoft is likely to acquire a majority stake in Yahoo Inc, according to a report in the New York Post.
The Bangalore team will focus on product development and applied research in web search and online ad technologies.
Interestingly, the companies are cutting jobs in India too, even as they have hiring plans in the country. For instance, software giant Microsoft recently said it would create employment opportunities in tune with the growth of the Indian economy.
Microsoft Corp. has announced that it had reached out to Yahoo Inc. with a possibility of a fresh deal that does not involve an acquisition of the Internet company. "Microsoft is considering and has raised with Yahoo an alternative that would involve a transaction with Yahoo but not an acquisition of all of Yahoo," Microsoft said in a brief statement.
A proposed online search advertising deal between Yahoo and Google came under fire at a US Senate hearing as Microsoft claimed that Yahoo CEO Jerry Yang had himself admitted that the agreement would hurt competition.
200 engineers may join its Bengaluru R&D centre.
Executives of Internet services firm AOL and software giant Microsoft held formal talks to discuss the possible $40-billion breakup of internet major Yahoo! on Wednesday, a media report said on Thursday.The Times reported that a team from AOL, the internet arm of media conglomerate Time Warner, met Microsoft officials to negotiate the possible split of Yahoo! which could lead to the software giant seizing control.
Yahoo on Tuesday attempted to bolster its case for an improved offer from Microsoft, releasing stronger-than-expected financial projections to support its decision that the proposed deal had seriously undervalued it. Microsoft made a cash-and-shares offer that was worth $44.6bn, or $31 a share, when it was announced on February 1. The financial plan was first presented to Yahoo's board in December.
Internet major Yahoo's board of directors met on Friday to discuss Microsoft's takeover offer and to consider the option of a deal with Time Warner's AOL.The meeting follows a series of developments this week, which saw software major Microsoft threatening the internet giant with hostile takeover unless it accepts the deal within three weeks and Yahoo once again declining the offer.
Microsoft's unsolicited bid of Yahoo has brought the latter in the midst of a legal storm, as 7 lawsuits have been filed against Yahoo.
IT giant Microsoft Corporation on Friday announced that it was planning to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion.
Office space owners are looking at good times ahead as rentals are expected to rise due to demand for Grade A office spaces outpacing supply that has been sluggish due to construction delays, long gestation periods and developers' interests shifting to residential.
Krishnan, who has previously led product teams at Microsoft, Twitter, Yahoo!, Facebook and Snap, will work along with David O. Sacks who will be the White House AI & Crypto Czar.
Internet's second most popular search engine Yahoo! has said it was open to selling itself to Microsoft, but the software giant's chief executive Steven A Ballmer and his deal makers were not keen to negotiate and ultimately withdrew their proposal. Microsoft had offered to buy Yahoo, second only to Google, for $31 a share, or $44.6 billion, in February, but the search engine felt it was worth more.
Software giant Microsoft, which has made a $44.6 billion unsolicited bid to take over Yahoo! Inc, has entered into serious talks with search major and the companies marked a dramatic change in tone, the Los Angeles Times has reported."Everybody -- shareholders, management alike -- is getting more reasonable. All of a sudden it seems like something is going to happen," the newspaper quoted a source as saying.
Following developments on Thursday, Microsoft is likely to pursue a hostile bid for Yahoo Inc takeover, people familiar with the proceedings said. Price will be a key factor if Microsoft turns hostile towards Yahoo. Microsoft's cash-and-stock offer was valued at $29.48 a share as of 4 p.m. on Thursday, on Nasdaq stock market composite trading. Yahoo had rejected this offer on the grounds of undervaluation. Microsoft had decided to up its bid as much as $ 33 per Yahoo share.
The documents shed new light on how the government dealt with US Internet companies that were reluctant to comply with orders from the secretive US Foreign Intelligence Surveillance Court, which rules on government requests to conduct surveillance for national security issues.
Yahoo! has rejected billionaire investor Carl C. Icahn's accusations that the Internet company's board of directors had acted irrationally in what he called the "botched" merger negotiations with the Microsoft.
If the software giant gets tired of chasing Yahoo!, there are plenty of other ways it can spend $40 billion.
Yahoo and Google are close to sealing a search advertising alliance that would leave Microsoft out in the cold as it hunts for a way to boost its own flagging search business, according to a person familiar with the matter. Separately Yahoo said on Thursday that talks with Microsoft on the latter's bid for the company were now over.
It was reported that media mogul Rupert Murdoch's News Corp was in talks with Microsoft for launching a joint bid for Yahoo. Yahoo is trying to remain independant & thwarting MS's takeover bid. But if News Corporation throws its weight behind Microsoft's offer, allowing the latter to raise its bid, it would put even more pressure on Yahoo and its shareholders. If the joint bid comes through, it would unite 3 most popular websites: Yahoo, Microsoft's MSN & News Corps' MySpace.
Earlier this year, Yahoo! had spurned a $47.5-billion takeover bid from the software giant. The deal was mainly opposed by its chief executive Jerry Yang. Yang who is a co-founder of Yahoo! had last month announced that he would step down as the chief executive but would remain with the firm.
Yahoo Inc struck a deal with Firefox maker Mozilla Corp to replace Google Inc as the default search engine on the Firefox Web browser in the United States, a move that Yahoo Chief Executive Marissa Mayer said will help boost its flagging search market share.
"With the distraction of Microsoft's unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximise our potential to the benefit of our shareholders, employees, partners, and users," Yahoo CEO Jerry Yang said in a statement. Yahoo said that Microsoft was just not willing to pay enough for the internet company to make the deal worthwhile.
Leading Internet firm Yahoo! is seeking to restart merger talks with Time Warner-owned AOL to defend itself against the $44.6-billion takeover bid by Microsoft, British media said on Monday. According to The Times, one option being explored by Yahoo! is to restart merger talks with AOL to fend off Microsoft from taking over the firm.
Yahoo! Inc, the Internet company that rejected a takeover offer from Microsoft Corp., reported a 64 per cent drop in profit after advertisers curbed spending. The company also announced plans to cut at least 10 per cent of jobs.
What will the board have to promise someone to take the job? Well, to start with, it will have to throw in certain financial guarantees. The pay package must have lots of incentives and protections. If it doesn't work out in six months, the person will need end up with a healthy amount of money.
Referring to information in a shareholders' lawsuit brought against Yahoo, he said the complaint showed that Yang and a majority of the board had gone to 'inordinate lengths to sabotage a Microsoft bid". Portions of the lawsuit were unsealed by a Delaware judge on Monday, despite the objections of Yahoo attorneys. In January 2007, Yahoo had rejected Microsoft offer to purchase Yahoo at $40 per share.
Google Inc is expected to command more than a third of the world's $140 billion digital advertising spending this year
These firms have launched a site called Schema.org, which consists of a common set of HTML tags that webmasters would use to mark up structured data on their sites.
Just when we thought that web mail services were all about Google's Gmail and Yahoo, Microsoft redesigned its ageing Hotmail.com as Outlook.com, considered the biggest improvement in its email service in eight years.
If Microsoft's bid for Yahoo! goes through, the combination will mean stiff competition for Google and AOL in the Rs 230 crore online advertising market in India that is growing rapidly.
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