Yahoo delays Microsoft proxy battle as search for white knight continues
Wednesday, March 05, 2008 - 04:41 PM EST"The announcement Wednesday comes amid published reports that Yahoo has stepped up discussions with Time Warner Inc. about acquiring or forming a joint venture with its AOL online unit to fend off the world's largest software company," AP reports.
"Microsoft's bid, originally valued at $44.6 billion, or $31 per share, was made public Feb. 1. Yahoo has rejected the offer as too low, and it was expected Microsoft would nominate its own slate to the Yahoo board to push the deal through," AP reports.
"Yahoo said the deadline for nominations would be 10 days after it announces the date of its annual shareholder meeting. The previous deadline was March 14," AP reports.
"Yahoo and AOL declined comment on the reports Wednesday in The Wall Street Journal and The New York Times that Yahoo and Time Warner have stepped up discussions over AOL," AP reports. "One scenario calls for Yahoo to acquire AOL outright with Time Warner taking a minority stake in the combined company, the Journal reported, citing unnamed people familiar with the matter."
More in the full article here.
MacDailyNews Take: Imagine: Yahoo, Microsoft and AOL to combine their "talents" in search. Sheesh. Who's next to join that esteemed group, the Chicago Cubs?
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MacDailyNews and iPodDailyNews are Apple Store affiliates and if you buy something from the Apple Store within 24-hours after clicking any one of our Apple Store ads, we will receive an affiliate percentage from Apple. There is no extra cost to you. Canadians please use this link: Apple Store Canada. Thank you in advance for helping to support MacDailyNews and iPodDailyNews.
Apple Store Advertisements:
• The all-new 13-inch MacBook. The next generation of notebooks starts at $1299.
• The all-new 15-inch Macbook Pro. New design. New features. New technologies. From $1999.
• The all-in-one iMac. Now at speeds up to 3.06GHz. Free shipping. From $1199.
• iPod touch. The funnest iPod ever. Starting at $229. Free Shipping.
• iPod nano. New design. New features. Starting at $149. Free shipping.
• Visit the Apple Store today. Free ground shipping on all orders over $50.
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Yahoo, Microsoft and AOL = Toadyish macaroon fool.