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[News] [Rival] Microsoft Proxies and Agitation Pressure Yahoo! CEO Out

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Yahoo CEO Yang to step down

,----[ Quote ]
| Yahoo has been struggling for months to improve its financial performance, 
| but things have gone from bad to worse for the company this year, and its 
| stock has sunk to a closing price of $10.63 on Monday. First, the company 
| thwarted Microsoft's unfriendly attempt to acquire Yahoo outright, and later 
| just its search business, though Yahoo appeared to grow more interested in a 
| deal even as Microsoft grew cooler. At one point, Microsoft offered to 
| acquire the company at $33 per share.      


Facts: Icahn corresponds with Microsoft is is now on Yahoo!'s board with some
mates; Yahoo! was polluted by Microsoft executives recently; Microsoft seems
to have encouraged or fueled lawsuits against Yahoo!; Microsoft manipulated
the facts; Microsoft used political corrupti^H^H^Hbbying against Yahoo!'s deal
with Google.


Microhoo: Ballmer takes off his gloves

,----[ Quote ]
| What Ballmer means: Jerry, you are making us both look bad. It's time to get
| in gear, and if I have to bring on the irate dancing monkey and go straight
| to the shareholders, I will.  


Microsoft Threatens Yahoo Board With Proxy Battle, Lower Bid

,----[ Quote ]
| Microsoft Corp. Chief Executive Steven A. Ballmer threatened Yahoo Inc.
| directors with a hostile takeover of the company if they don't reverse course
| and agree to a deal within the next three weeks.  


Microsoft gives Yahoo three weeks to do a deal

,----[ Quote ]
| Microsoft on Saturday issued an ultimatum to Yahoo, giving the Internet
| search pioneer three weeks to enter formal merger negotiations and conclude a
| deal.  
| The software giant threatened to launch a proxy fight to unseat Yahoo's board
| of directors, as well as take its case straight to Yahoo investors should no
| deal be reached in that period.  
| And as a further cattle prod in getting a deal consummated, Microsoft
| threatened to lower its existing bid, citing how Yahoo's value will be hurt
| if it needs to resort to such hostile means.  


Bear Stearns's Advice To Microsoft

,----[ Quote ]
| Co-founder Bill Gates can't be thrilled with watching
| Ballmer drain the company's cash. He didn't get so rich by buying at the top
| ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
| of the market.  


Microsoft says to borrow money for Yahoo deal

,----[ Quote ]
| Microsoft Corp said on Monday it may borrow money for the first time in its
| history to fund a portion of its $44.6 billion unsolicited offer for Yahoo
| Inc.  


Microsoft's DreamSpark – What a Giveaway

,----[ Quote ]
| The rest of the $44.6bn (£22.3bn) deal would be financed with an undisclosed
| amount of credit.
| What that means is that it must squeeze as much money as it can from its
| operations to fund that debt and still pay dividends to shareholders, who
| will be looking for some payback from the Yahoo takeover. Giving away
| software is the last thing it would want to do in these circumstances, and
| the DreamSpark announcement shows just how worried it is about the future.    


Yahoo says Microsoft's bid is distracting workforce

,----[ Quote ]
| Yahoo stated the obvious in its annual report on Wednesday by saying
| Microsoft's bid to buy the company is distracting executives and employees.


Yahoo Battling 7 Shareholder Suits

,----[ Quote ]
| Yahoo Inc. is facing seven shareholder lawsuits alleging the slumping
| Internet pioneer bungled its response to Microsoft Corp.'s unsolicited
| takeover bid.  


Yahoo sued by Chinese dissidents again

,----[ Quote ]
| Yahoo faces another lawsuit over its actions in China. Several Chinese men
| are suing the company and its Hong Kong subsidiary claiming they were harmed
| because of Yahoo's cooperation with the Chinese government.  


Yahoo Sued for Spurning Microsoft

,----[ Quote ]
| Two Detroit pension funds have sued Yahoo Inc. and its board of directors,
| saying they breached their duties to shareholders in trying to thwart a
| takeover by Microsoft Corp.  


Microsoft's IBM Moment

,----[ Quote ]
| News Commentary: Microsoft can only lose if it enters into a proxy fight
| against Yahoo.
| Supposedly, Microsoft is ready to make a hardball maneuver to replace Yahoo's
| board of directors. A proxy fight would be a highly aggressive move from a
| company that for years sought to remake its tarnished public image. Antitrust
| cases on two continents portrayed Microsoft as a bully, which is a label a
| Yahoo hostile takeover may just revive.    


A Yahoo Proxy Contest: How Good Are Microsoft’s Chances?

,----[ Quote ]
| Microsoft refuses to boost its Yahoo bid, valued at $31 a share a few weeks
| ago. It refuses so thoroughly, in fact, that the Redmond, Wash., software
| giant may be willing to wage a proxy battle to oust Yahoo’s board, according
| to this report. (To do that, Microsoft must nominate a new slate of directors
| for Yahoo within the next three weeks).    


Microsoft Usually Doesn’t Do This Sort of Thing. Except It Does. All The Time.

,----[ Quote ]
| When Microsoft proposed its $31 a share takeover of Yahoo, the deal’s rich
| 61% one-day premium seemed a necessary part of the audacious bid: at a price
| like that, who could refuse?  


How Yahoo went from Web star to Microsoft prey

,----[ Quote ]
| A desperate, expensive bid to beat Google; turf wars among divisions


Microsoft to Authorize Proxy Fight at Yahoo

,----[ Quote ]
| In an escalation of its fight for Yahoo, Microsoft will authorize a proxy
| fight at the Internet company this week, people briefed on the matter told
| DealBook. Unless Yahoo quickly reverses course and enters into talks,
| Microsoft would then seek to nominate a slate of directors to Yahoo’s board
| by March 13, the final deadline for nominations, and pursue a lengthy
| campaign to oust the board.    


Why Microsoft Should Fret

,----[ Quote ]
| But what if at stake in the battle isn't just Microsoft's position in selling
| ads, but the very survival of its core software business? Microsoft would
| never admit that so much is on the line.  


Microsoft to take case to Yahoo shareholders: report

,----[ Quote ]
| The board believes Redmond, Wash.-based Microsoft is trying to take advantage
| of some recent weakness in Yahoo's share price in order to "steal" the
| company, the report said.  


,----[ Quote ]
| Microsoft is threatening to launch a boardroom coup at Yahoo! within six
|              ^^^^^^^^^^^^^^^^^^^^^
| weeks if the internet search engine fails to accept its $45 billion (£23
| billion) hostile takeover proposal or start serious merger talks, The Times
| has learned.


Options Before Microsoft: Upping Bid; Tender Offer; Hostile Takeover; Pressure

,----[ Quote ]
| Hostile board overthrow: This would be the most contentious, and Microsoft
| has indicated its willingness to go through with this if need be: it could
| seek to oust Yahoo's board at its next election; it would have until March 13
| to nominate a new slate of directors. Yahoo has taken "poison pill"
| provisions, and Microsoft have to oust the board to get past these
| provisions.    


Microsoft Replies To Yahoo Rejection

,----[ Quote ]
| The response to Yahoo's "no thanks" to a $44.6 billion acquisition held the
| not-so-subtle threat of a more aggressive takeover action by Microsoft.
| [...]
| "The Yahoo response does not change our belief in the strategic and financial
| merits of our proposal. As we have said previously, Microsoft reserves the
| right to pursue all necessary steps to ensure that Yahoo!’s shareholders are
| provided with the opportunity to realize the value inherent in our proposal,"
| Microsoft said in their statement.    


Microsoft rejects Yahoo! rejection

,----[ Quote ]
| Steve Ballmer still wants to swallow Jerry Yang's company.


Dueling Fools: Microsoft Bear

,----[ Quote ]
| You don't need to watch the 'I'm a Mac, I'm a PC' commercials to see that
| Microsoft is taking a beating. You see it in the company's financials where
| its online unit, incredibly, is operating at a loss; overheating Xbox 360
| consoles find the company taking a huge warranty hit for a system losing
| market share to the Wii; and the upgrade wave of its flagship operating
| system has been more of a ripple than a tsunami. That last point is
| important. This was supposed to be Microsoft's final feast, the major last
| hurrah for its Windows Vista operating entry and its Office 2007 suite of
| applications before the inevitable embrace of cheaper open source operating
| systems and Web-based apps... In fact, even Microsoft will tell you that its
| fortunes peaked several months ago.          


Is Microsoft All Bark and No Bite Anymore?

,----[ Quote ]
| I'm telling you: Microsoft-Yahoo ain't happening. And for those of you who
| say I never admit when I'm wrong: be sure to bring this post up if
| Microsoft-Yahoo ever does happen.  


Excerpts: New Microsoft memo on Yahoo bid


Microsoft's Last Big Beat: Internet Domination or Death

,----[ Quote ]
| What can $44.6B USD mean? Well, for Microsoft (MSFT) it may mean the cost of
| survival.


Microsoft says to borrow money for Yahoo deal

,----[ Quote ]
| Microsoft Corp said on Monday it may borrow money for the first time in its
| history to fund a portion of its $44.6 billion unsolicited offer for Yahoo
| Inc.  


Will Microsoft Survive the Next 10 Years?

,----[ Quote ]
| I am not really an expert in this but when I read all the negative
| headlines and articles I ask myself if Microsoft really will survive
| the next 10 years.
| [...]
| I am pretty sure that the Open Source Community, the new Ubuntu,
| Google and of course Apple are those companies that are ready for
| our century and they will get more and more people that know what
| they really want.


P. Graham: Microsoft is Dead

,----[ Quote ]
| A few days ago I suddenly realized Microsoft was dead. I was talking
| to a young startup founder about how Google was different from Yahoo.
| I said that Yahoo had been warped from the start by their fear of
| Microsoft. That was why they'd positioned themselves as a "media
| company" instead of a technology company. Then I looked at his face
| and realized he didn't understand. It was as if I'd told him how much
| girls liked Barry Manilow in the mid 80s. Barry who?
| Microsoft? He didn't say anything, but I could tell he didn't quite
| believe anyone would be frightened of them.

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