CEBIT - Ballmer: Yahoo still in Microsoft's sights

Microsoft is still interested in Yahoo, but CEO Steve Ballmer would not say Monday if the company will launch a proxy fight to remove Yahoo's board

Microsoft still has its eye on Yahoo, but CEO Steve Ballmer would not say Monday whether the company plans to pursue a proxy fight to remove Yahoo's board.

Ballmer confirmed "a range of dialog" and "alternatives" under discussion with Yahoo, whose executives spurned Microsoft's initial US$44.6 billion cash-and-stock offer, posing the question of whether Microsoft would pursue a hostile takeover. The worth of Microsoft's offer has declined by several billion dollars as the company's share price has dropped over the past few weeks.

"I think it's important for me not to get into the detail," said Ballmer, who gave a keynote speech at the Cebit technology show in Hanover, Germany. "We still think the deal makes sense. We hope over time that becomes a reality."

Ballmer, whose company presented the unsolicited offer for Yahoo on February 1, said the bid has merit for the companies' shareholders, advertisers, publishers and consumers.

Microsoft hopes that a deal will bring it the engineering resources and Web savvy that has made Yahoo one of the most recognizable Web brands and eventually allow Microsoft to better compete in the online advertising market with Google.

Yahoo has also been struggling against Google and been plagued by mediocre financial results in addition to turmoil in its management ranks. However, CEO Jerry Yang has told employees not to be distracted by the bid and to stay focused.

Ballmer said Microsoft remains "fully engaged" with Yahoo and maintained the two companies together have the potential to create a lot of value.

"Ultimately, Yahoo's management's going to have a perspective on that, Yahoo's board will have a perspective on that and Yahoo's shareholders," Ballmer said. "We are trying to have appropriate levels of engagement with all three of those constituencies as well as with other industry participants."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?