Yahoo May Team Up With Google
It is being reported that Yahoo may be considering a business partnership with Google as a tactic against the $44.6 billion offer from Microsoft, a source told Reuters this weekend.
The firm believes that the bid undervalues the company and as an option, may be looking to revisit talks previously had with Google about a business partnership.
A memo to Yahoo employees on Friday was obtained by Reuters this weekend in which management wrote “We want to emphasize that absolutely no decisions have been made – and, despite what some people have tried to suggest, there’s certainly no integration process underway.”
It was reported in The Wall Street Journal that Google CEO Eric Schmidt called Jerry Yang to offer any help needed to kill Microsoft’s offer.
Regardless of who may gain any kind of upper hand on Yahoo: Microsoft or Google; either company will have a hard time going through anti-trust regulators as these three companies are the largest in the search and now online advertising business.
The effort being made b Yahoo to find an alternate bidder is also being speculated to be a tactic that could pressure Microsoft into offering more money. Jeffrey Lindsay, analyst for Sanford C. Bernstein was quoted in Reuters for having written in a research note that “the Microsoft bid of $31 is very astute,” adding that the true value could be worth upward of $39-$45 a share.
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