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Ballmer considers raising offer $3.1 billion

Ballmer_Profile.jpgMicrosoft CEO Steve Ballmer is reportedly considering changing the offer to buy Yahoo from half-cash and half-stock to all-cash, effectively raising the bid from $28.87 a share to the its original $31. That would up Yahoo's price tag from $41.5 billion back to $44.6 billion. Credit Yahoo CEO Jerry Yang for negotiating without really trying. Word has it his dalliances with Time Warner and News Corp. inspired the idea.

6:10 AM on Thu Mar 6 2008
By Nicholas Carlson
2,248 views
5 comments

Comments

  • Ah... the New York Post... an authoritative source... it figures...

  • Jerry: You should pick a more subtle ID.

  • Image of WagCurious WagCurious at 07:42 AM on 03/06/08 *

    Well, the bid has pretty much accomplished its goal already (from WSJ)...

    Stock Sales At Google Send Shivers

    "Jonathan Moreland research director at InsiderInsights.com and subadviser to Ladenburg Thalmann Asset Management is now recommending that Google shares be sold short in the face of continued insider selling"... The article continues "Mr Moreland said the nearly constant selling of shares by insiders of the Mountain View, Calif., Internet giant, along with the utter lack of open-market purchases, had always bothered him" and goes on to quote Mr. Moreland,"So many of these insiders have been so anxious to sell or exercise their options, and so unwilling to hold much of anything long, and that's a particular red flag"... Moreland describes how much he has made to date shorting the stock and concludes with,"I thank insiders very much for showing their extreme lack of confidence"

  • No commenter image uploaded sample032 at 07:58 AM on 03/06/08 *

    This isn't really raising the bid; it's making up for the decline of the stock portion of it.

  • even with their recent layoffs, yao may be about to implode under its own weight. Recall that about half of their ad revenue is of the graphical/brand/CPM sort. Recall also that in an economic downturn it is this type of advertising that is more likely to be cut, because the advertiser bears far more risk...thus the 2001 collapse. The market came back but it was CPC/adwords that brought it back. So, I think yahoo! Is about to get slammed much harder than google. Give it time, Mr.Balmer. Time is on your side.

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