Microsoft is irritated. But then, who can blame them? I mean really, they drop a massive premium on Yahoo's board and now no one will even take Steve's calls. It's like being the girl with headgear the night before the prom. So what is Microsoft to do? Go hostile, of course!
If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors for the Yahoo! board. The substantial premium reflected in our initial proposal anticipated a friendly transaction with you. If we are forced to take an offer directly to your shareholders, that action will have an undesirable impact on the value of your company from our perspective which will be reflected in the terms of our proposal.
Then again, I'm not sure the hostile route is going to work very well. All Yahoo's board has to do is show shareholders the famous Steve Ballmer video (viewer discretion advised) and no one is likely to want to see Yahoo swallowed by this yahoo, no matter how much money is offered:
Microsoft's Letter to Yahoo [WSJ]
Posted by HAM05 , Apr 07, 2008 10:05AM
pictures and video wooooooo
Posted by guest , Apr 07, 2008 10:10AM
I don't care of he's a Yahoo. His money's as green as mine.
Posted by Finnegan , Apr 07, 2008 10:20AM
I don't know. Seems to me Yahoo has no options.
Minutes after Msoft walks away, the stock tanks and shareholders will be like "What the hell?" and Yahoo will be all, "Come back, honey, I am willing to do that thing you wanted to do.... you know.. Please Ballmer, I was just... unsure.... don't leave."
Ballmer will get Yahoo's butt.
Posted by guest , Apr 07, 2008 10:25AM
the fact that ep used this story as a transparent excuse to post that video of Steve-o sort of makes me. well. love her
xoxo - Lamborghini guy
Posted by guest , Apr 07, 2008 10:29AM
I still just love this video.
Personal highlights:
:23 Insane Dance Skip, center stage
:26 "Give it up for me"
:31 and :34 -- multipe finger points to his boyz
Posted by guest , Apr 07, 2008 10:34AM
I thought that was Bess showing up at working in the morning.
--Schmooze
Posted by guest , Apr 07, 2008 11:22AM
Its fun to watch the video on mute and make your own sound:
WOOOOO HOOOOOO...I JUST GOT LAID....LET'S HEAR IT FOR THE OLD FAT GUY....WOOOOOOO HOOOOOOOO
Posted by Anal_yst , Apr 07, 2008 11:28AM
Yahoo's letter back at Microsoft is even better, like "oh snap beyotch!"
Full letter here:
http://yhoo.client.shareholder.com/ReleaseDetail.cfm?&ReleaseID=303369
Posted by Anal_yst , Apr 07, 2008 11:34AM
Oh forgot to mention i like the title of this post, clearly neither side has read the book (at least not since b-school)
Posted by guest , Apr 07, 2008 11:40AM
If Yahoo does not deliver on their quarterly results then they have no choice but to accept Softie offer. Yahoo better set aside lots of money for future lawsuits.
Posted by guest , Apr 07, 2008 3:00PM
What a freakshow.
Posted by guest , Apr 07, 2008 3:24PM
@3.00PM -- Its a fag freak show and you're the star
Posted by guest , Apr 07, 2008 11:24PM
who is this little creep @3:24 pm that keeps inserting "fag" comments? someone with what they call on Oprah "issues"?