Acquisitions

Yahoo Inc. has lost one of its pretenders as Microsoft withdrew the buyout offer. Both Yahoo shareholders and analysts are blaming Jerry Yang, Yahoo’s CEO, for the fail of the negotiations and are doubtful about the company’s future. Yet, Yang will have his chance to justify his actions on Monday at the shareholders meeting. Darren Chervitz, co-manager of the Jacob Internet Fund (owner of Yahoo stock), revealed that Yahoo’s CEO will not be received very well. On Saturday the talks between Microsoft’s CEO Ballmer and Yang clashed as they couldn’t get to a mutual agreement on the share’s price (in between the offer of $33 per share and the demand of $37 per share). Due to the clash analysts forecast a huge drop in Yahoo's stock price and lawsuits popping up if Yang will not succeed to convince them of his plan involving Yahoo's upgrade to a better Internet advertising platform increasing net profit with more than 25 percent in 2009- 2010. In spite of the ego that made Yahoo to sniff at Microsoft’s bid, the company did not succeeded to avoid humiliation as it turned to Google searching for help. Like a damsel in distress, Yahoo searched comfort in Google’s arms and after the two weeks trial that were successful the relation seems to go steady. Nevertheless this love might be forbidden due to antitrust laws and the fact that it will give them 80 percent of the U.S. search advertising market. Meantime, you know a woman always has a plan B dwelled in her mind, therefore Yahoo has it too, with a possible merger with AOL's Internet operations or even the possibility for the board to buy some of the stock back. What it will be? Don’t go away, things are just starting to warm up a little. Enjoy!

related story: http://news.yahoo.com/s/ap/20080504/ap_on_hi_te/microsoft_yahoo;_ylt=AlC4ROZ45nCZApgplXs0MVCs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.</font><br>

Labels: Acquisitions, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom

# posted by Blog TechSource @ 1:28 AM