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Wall Street Journal:
Yahoo to Reject Microsoft Bid — Yahoo's board plans to reject Microsoft's unsolicited $44.6 billion offer to acquire the Web giant, a person familiar with the situation says.
Discussion:
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New York Times:
Yahoo Board to Reject Takeover Bid From Microsoft — SAN FRANCISCO — Yahoo's board of directors plans to reject Microsoft's $44.6 billion hostile bid with a letter Monday saying the offer undervalues Yahoo, a person familiar with the matter said Saturday. — The decision to reject the bid …
Discussion:
Electronista, Los Angeles Times, Engadget, BloggingStocks, Valleywag, eWeek, Google Watch, Slashdot, Wall Street Journal and WinBeta
Michael Arrington / TechCrunch:
Yahoo's Bold Whimper — A few well connected reporters said our prediction that Yahoo would make a decision on the Microsoft offer yesterday were off, and that Yahoo would take more time to make it's move. But it seems that Yahoo did in fact make a decision yesterday. They will reject Microsoft's offer.
Henry Blodget / Silicon Alley Insider:
How Will MSFT Respond To YHOO's Counter? — Yahoo's “rejection” of Microsoft's $31 bid isn't a rejection but a counter-offer of $40 a share. It remains to be seen whether the company will state this explicitly in its letter to Microsoft (unlikely), but it has already sent the message through theWall Street Journal.
Discussion:
HipMojo.com
Peter Kafka / Silicon Alley Insider:
Yahoo Board To Microsoft: “Raise Your Offer and We'll Talk.” — The WSJ ($) reports that Yahoo will reject MSFT's offer, and will send a letter expressing that sentiment Monday. In the meantime, however, Yahoo has used the Journal to counter Microsoft's $31 offer with a price of $40 a share.
Discussion:
Reuters
Kara Swisher / BoomTown:
No More Sand for the 98-Pound Weakling of the Web — Well, everyone certainly misjudged Yahoo CEO Jerry Yang's resolve. — While BoomTown maintained from the start that the $31 a share Microsoft has bid for the Internet portal co-founded by Yang was way too cheap and wrote yesterday …
Discussion:
New York Times
Kara Swisher / BoomTown:
If Yahoo Only Had the Nerve-But Will It Be a Happy Ending? — With this bold gesture to reject the $44.6 billion offer from Microsoft, Yahoo will need more than hope for a happy ending, because there is a very scary downside to this plucky show of courage. — That's because Microsoft …
Discussion:
Paul Kedrosky's …
Henry Blodget / Silicon Alley Insider:
Microsoft's Colossal Strategic Mistake: “We Need to Be in Advertising” — We believe the Microsoft Yahoo (MSFT / YHOO) acquisition will be a disaster. So far, in support of this conclusion, we have cited integration, execution, and operational challenges. Now it's time to look at the bigger picture.
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Seth Weintraub / Computerworld Blogs:
Safari is about to get crazy fast — When Apple chose the KHTML engine for its Safari Browser in in 2003 over the more popular Gecko engine that powers Firefox, a lot of people were surprised. Firefox was way more popular than the Konquerer browser and had a lot more open source developers on line.
Tom Foremski / Silicon Valley Watcher:
Is Salesforce Worth $75/Share To Oracle? — I'm hearing from a reliable source that Salesforce.com has approached Oracle to gauge if there is any interest in a sale at $75 a share. That would be almost a 50 per cent premium over Friday's close of $50.87. — The deal would make sense:
Alistair Croll / GigaOM:
Does the World Need Another Way to Search? — Google's dominance in online search hasn't stopped hundreds of startups from trying to build a better mousetrap. Each is trying a new twist on search: geography, crowdsourcing, tags, user annotations, learned hierarchies and timelines.
Hannah Fairfield / New York Times:
Pushing Paper Out the Door — CHRIS UHLIK'S children can be found in their home computer lab almost every morning. Nicole is writing a story about her two lizards. Tony is playing an interactive spelling game, while Andy is learning multiplication tables. Even 5-year-old Joceline is clicking away at a storybook game.
Rafat Ali / paidContent.org:
WGA Tentative Agreement: Language on New Media — In the tentative WGA-AMPTP agreement, the exact language on the most contentious issue of online residuals: — The minimum for derivative dramatic programs is $618 for programs up to two minutes, plus $309 for each additional minute.
Danny Sullivan / Daggle:
Read The Wall Street Journal For Free — Reading Google News today, I noticed a Wall Street Journal article about the Microsoft-Yahoo deal listed. I'd just seen that article earlier on Techmeme, when on my work computer, where I read it after having to log-in to the WSJ using my paid subscription.
Discussion:
Joe Duck
Associated Press:
Polaroid shutters the Polaroid — The photography company long known for its self-developing film cameras moves to focus on printers and digital technology. — BOSTON (AP) — Polaroid is dropping the technology it pioneered long before digital photography rendered instant film obsolete to all but a few nostalgia buffs.
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