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Microsoft CEO Says Yahoo Microsoft Deal Still Makes Sense

   
5:52 pm on Oct 16, 2008 (gmt 0)

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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.

Microsoft originally offered $47.5 Billion for Yahoo.

5:57 pm on Oct 16, 2008 (gmt 0)

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Sure makes sense, even more so, but not at the price Microsoft offered in the first place...
10:32 am on Oct 24, 2008 (gmt 0)

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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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