Big Business with WorldCom, Microsoft and Yahoo

On February 1, 2008, Yahoo. We dealt better with the industry and received $ 44.6 billion initiative from Microsoft to compete with Google. Microsoft has offered a bid of $ 31 per share, which is higher than the closing price of Yahoo for that day. Yahoo! Microsoft's proposal "I underestimate the brand, audience, investment, growth prospects significantly", I think. I would like 37 dollars per Yahoo. The closing price of YHOO on the day of Microsoft's offer was $ 28.38. Shortly, the general public was told to bid on this initiative and Microsoft and Yahoo joined the opportunity to become Google's biggest competitor.

Bartz suffered Yahoo quickly and outsourced Yahoo's search technology to Microsoft for 10 years. "I do not like to abandon controlling things that are very important to business," David Filo has served as Chief Executive Officer (CEO) of Yahoo since its founding (emphasis on technology). He is concerned that this movement will show Yahoo's top technical talent no longer interested in state-of-the-art computer science. "It may be worse than I thought," he said.

Ten years ago, Microsoft was preparing to acquire majority shares of Yahoo for $ 44.6 billion. Currently, Yahoo's core business value is less than zero. I am talking about Yahoo's core business here, not about Alibaba (currently over $ 25 million) or Yahoo Japan (another independent company). Now in 2016 Mayer admits that their efforts have not changed at all when discussing the company 's fourth quarter revenue in 2015. The old Internet giant older than Google will cut about 15% of its employees and will consider the "strategic choice" business of its core Internet. The price of Yahoo! depends on what is being sold - the share of Yahoo's main business or Alibaba and Yahoo Japan, or a combination of these

On behalf of Microsoft's board of directors, I wrote a proposal on the merger between Microsoft and Yahoo. According to our proposal, Microsoft plans to acquire all outstanding shares of Yahoo. According to the closing price of Microsoft on January 31, 2008, ordinary shares were paid in the form of $ 31 cash or $ 0.9509 Microsoft common stock for consideration of $ 31 per share. Microsoft will provide each Yahoo. Shareholders can choose whether to collect the cash with cash or Microsoft's common stock, but it is necessary to calculate by proportional allocation so that the total of Yahoo! will be halved. The common shares will be replaced with half of the shares of Microsoft common stock and Yahoo. Common stock will be converted into right to receive cash. Our recommendations are not subject to any funding requirements.