| Microsoft CEO Says Yahoo Microsoft Deal Still Makes Sense
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engine
msg:3767281 | 5:52 pm on Oct 16, 2008 (gmt 0) |
Microsoft CEO Says Yahoo Microsoft Deal [bloomberg.com]Still Makes Sense | Microsoft Corp. Chief Executive Officer Steve Ballmer said a deal with Yahoo! Inc. may still make economic sense for shareholders of both companies, pushing Yahoo stock up as much as 17 percent. While the companies may pursue a search partnership in the future, there are no discussions now, Ballmer said today at a Gartner Inc. conference in Orlando, Florida.
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Microsoft originally offered $47.5 Billion for Yahoo.
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Lord Majestic
msg:3767286 | 5:57 pm on Oct 16, 2008 (gmt 0) |
Sure makes sense, even more so, but not at the price Microsoft offered in the first place...
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TinkyWinky
msg:3772642 | 10:32 am on Oct 24, 2008 (gmt 0) |
I think a deal will be struck around the $16 - $18 mark. That is certainly a premium based on current price - and as the recession bites harder into particularly US company budgets (of the display variety) I expect Y! to slip close to single digits. Their P/E is still 19.47 (M$'s is 11.94 and they have a solid suite of products that produce revenue) which for a company based predominantly around ad revs cannot be sustainable - can it? TW
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