Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
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Report: Microsoft Close to Hostile Bid for Yahoo
Microsoft is gearing up for a hostile acquisition of Yahoo, with a formal announcement possible Friday, the Wall Street Journal reported.
May 02, 2008 — IDG News Service —
Microsoft is gearing up for a hostile acquisition of Yahoo, with a formal announcement possible Friday, the Wall Street Journal reported.
"With the right circumstances it'll happen. Without the right circumstances it won't happen," Microsoft Chief Executive Steve Ballmer said in an interview with the Wall Street Journal Thursday.
Microsoft's board met Wednesday to discuss its next step for the deal, announced Feb. 1, which offered US$44.6 billion for the Internet company. Yahoo rejected the offer, leaving Microsoft with the choices of walking away or attempting a hostile takeover. The report quoted people familiar with the matter in regards to the lean towards a takeover fight.
Ballmer also told Microsoft employees Thursday, "I will go to what I think it's worth if that gets a deal done," the report said.
Microsoft is also considering raising its bid, from over $29 per share, to $32 or $33 per share. Yahoo rejected that offer, stating that a fairer valuation is $35 to $37 per share. As Microsoft's own share price has declined since the February offer, the company would have to adjust its offer in order to reach the original terms of the deal, a mixture of cash and Microsoft shares.
Yahoo took its own steps Thursday, moving closer to an agreement with Google to begin carrying its ads, a deal that would bring Yahoo up to $1 billion more per year in revenue and make a Microsoft takeover more difficult.
Google, Microsoft, and Yahoo have not commented publicly on the above reports.
Copyright © 2008 IDG News Service. All rights reserved. IDG News Service is a trademark of International Data Group, Inc.
The Intelligent Enterprise
The Case for A Specialized Security Platform
Protecting the Code: Technology Escrows Safeguards Critical Software
Optimizing Infrastructure Control
Enterprise Findability without the Complexity
Google Case Study: Agile Software
Google Search Appliance - New Features
Complexity is Good
Raising the Bar on Business Service Delivery: Best Practices in Application Performance
Paving the Way for Trusted Collaboration
Enabling the Global Enterprise
Get a grip on your mobile workforce Webcast
Resource Alerts
Get instant email notifications by topic when white papers, webcasts, and case studies are added to our library.
AMD to Bring HD Gaming and Movies to Mobile Phones
Intel-Backed Enterprise 2.0 Suite is Discontinued
Wall Street Beat: IT Faces Tough Start to 2009
Dual-Mode Smartphones Help Boost Wi-Fi Shipments
Palm Announces WebOS and Pre Phone
Nokia Ends Production of Its Only WiMax Device
FAQ: How to Get the Windows 7 Beta
HP Aims TouchSmart Desktop PC at Businesses
Red Hat to host Second Life-like virtual JBoss trade show
Windows 7 Public Beta to be Available Friday
Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
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