Late trading after the bell continues to nudge shares of Yahoo upward, after a dramatic day initiated by Microsoft's disclosure of a $44.6 billion bid to acquire the Internet company.
Oy. My first reaction: "That's a lot to pay for Flickr." "Ironic, huh? Yahoo needs Google to save it from Microsoft to save it from Google," he said. Kara Swisher at All Things D sniffed out a little tidbit about this morning's announcement by Microsoft. It seems Microsoft made their proposal after Yahoo's earnings announcement on January 29th, with the caveat that they would publicize the offer in two days if there was no response. We know Memo to any Internet company out there: if you have an executive who doesn't expect Microsoft to act aggressively, fire that person on the spot. You cannot swing a dead router by its power cord in a room full of sysadmins without hitting someone who views Microsoft with suspicion. Yahoo responded to the kerfuffle by stating they would "
A brief response from a Google spokesperson arrived later in the day: "It would be premature for us to comment at this time." That's cool, but we've always heard it was older companies that suffered from premature commentary, not younger ones. Maybe there's a prescription for that. We mentioned Yahoo's after hours activity earlier. We're not going to speculate if this involves Jerry Yang sitting in his office pounding shots of
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