Seems talks are on again and it’s either required or in Microsoft’s interest to release this statement today:
MICROSOFT ISSUES STATEMENT REGARDING YAHOO!
REDMOND, Wash. — May 18, 2008 — Microsoft Corp. today issued the following statement:
“In light of developments since the withdrawal of the Microsoft proposal to acquire Yahoo! Inc., Microsoft announced that it is continuing to explore and pursue its alternatives to improve and expand its online services and advertising business. 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 is not proposing to make a new bid to acquire all of Yahoo! at this time, but reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo! or discussions with shareholders of Yahoo! or Microsoft or with other third parties.
“There of course can be no assurance that any transaction will result from these discussions.”
Given that Yahoo is close to capitulating to Google and turning over its paid search, I sure hope they are considering this move (Soverture). Microsoft could buy the business (ie, pay what Google would make Yahoo right now), and together the two could hope to improve the results and earn into the deal.
So, sometimes even after the fat lady sings. it still isn’t over.
This shows how important to future revenue growth advertising on the Internet is. I imagine some money is going to be made in the morning for those holding Yahoo. Will the uptick be enough for Mr. Ichan and his friends to dump their holdings? Will Mark Cuban be drinking some Bud, putting on his Jethro Tull and blogging tonight???
Win Win for all the players
http://tinyurl.com/4uywpc