Icahn Calls Yahoo! Board Irresponsible & Suggests Alternate Directors; Yahoo! Says Icahn Misunderstood The Microsoft Proposal

This morning American billionaire and a major Yahoo! shareholder sent a letter to Yahoo! saying that their board of directors was acting irrationally.  The letter relates to the bid that Microsoft made for Yahoo! Microsoft told the Yahoo! Board that they wanted to acquire Yahoo! for $33 per share.  However, Yahoo! was asking for [...]

Yahoo! May Have Gotten Away From Microsoft, If It Wasn’t For That Meddling Icahn!

“To the extent he can get the parties back to the table I’d be all in favor of that,” stated Legg Mason Inc. portfolio manager and Yahoo!’s second-largest shareholder, Bill Miller. “But there’s some risk that Yahoo management will become tied up with Icahn or other shareholders and is distracted.”
Carl Icahn, one of today’s [...]

Microsoft Research Launches Worldwide Telescope Beta

“The WorldWide Telescope is a powerful tool for science and education that makes it possible for everyone to explore the universe. By combining terabytes of incredible imagery and data with easy-to-use software for viewing and moving through all that information, the WorldWide Telescope opens the door to new ways to see and experience the wonders [...]

How Google Got Their Groove Back

A few months ago, the hype of Google was overshadowed by the potential of a combined Yahoo! and Microsoft.  This caused Google’s stock to plummet even though the company had a few powerful mainstream initiatives such as OpenSocial and Android.  Google countered Microsoft’s bid for Yahoo! by offering an advertisement partnership to the search [...]

Jerry Yang: Yahoo! “Emerged A Stronger, More Focused Company” Over The Last 3 Months

Tomorrow morning when the stock exchange opens, keep a close eye on Microsoft Corporation (NASDAQ:MSFT) and Yahoo! Inc. (NASDAQ:YHOO) About an hour ago, Jerry Yang wrote an article entitled “Ok, so now what?” Yang is receiving a lot of pressure for not accepting the $47 billion bid from shareholders. The intention [...]

Microsoft Voids The $47.5 Billion Check To Buy Yahoo!

“Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal,” [...]

Microsoft Still Considering The Yahoo! Deal

Microsoft Corporation management met today to strategize what to do about Yahoo! Yahoo! believes that the offer that Microsoft is offering is too low to accept. Microsoft may be willing to spend $32-$33 per share. The original offer is about $29.12 per share. It’s rumored that Yahoo!’s board wants $35-$37.
CEO [...]

Steve Ballmer’s Expresses Cognitive Dissonance Jokingly About Yahoo! Bid

“Wow! We offered 31 bucks a share.”
-Steve Ballmer, CEO of Microsoft

Steve Ballmer, CEO of Microsoft Corporation (NASDAQ:MSFT) was attending a technology conference in Seattle recently.  At the conference, the head of Microsoft asked the audience to raise their hands to find out how many people used Yahoo! as their search engine of choice.  Only [...]

Microsoft Acquires Farecast For $115 Million & Integrating It Into MSN Travel

“We’re excited to confirm that Farecast has been acquired by Microsoft! This acquisition creates tremendous opportunities for the Farecast team and our customers. We look forward to sharing more details in the weeks to come. On behalf of the Farecast team, thank you.”
-Hugh Crean, President/CEO of Farecast [via Farecost Blog]
Farecast, the flight [...]