Techmeme: Guessing Yahoo's Opening Stock Price (DealBook)

12:00 PM ET, May 4, 2008

Top Items:

Yahoo! Issues Statement in Response to Microsoft — SUNNYVALE, Calif., May 03, 2008 (BUSINESS WIRE) — Roy Bostock, Chairman of Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company issued the following statement today in response to Microsoft Corporation's announcement that it has withdrawn its proposal to acquire Yahoo!:

Discussion: TechCrunch, StepForth SEO News Blog, BBC NEWS, Forbes, I4U News, VoIP Blog, Furrier.org, Geek News Central, Tech Trader Daily, LiveSide, Paul Kedrosky's … and Geek Speaker

Microsoft:

Microsoft Withdraws Proposal to Acquire Yahoo! — Microsoft Corp. today announced that it has withdrawn its proposal to acquire Yahoo! Inc. — Microsoft Corp. (NASDAQ: MSFT) today announced that it has withdrawn its proposal to acquire Yahoo! Inc. (NASDAQ: YHOO).

DealBook:

Guessing Yahoo's Opening Stock Price — Update: We've added more predictions below. Well, Yahoo seems to have gotten what it wanted. — The company managed to fend off Microsoft's unwanted advances, even after the software giant sweetened its bid by $5 billion — an amount Yahoo felt still wasn't enough.

Discussion: Terry Heaton's PoMo Blog

Kara Swisher / BoomTown:

MicroHoo: The Odd Couple Meetings Led Nowhere — After today's events, I guess you could say Yahoo and Microsoft tried, holding a series of meetings about a possible takeover that ended up proving exactly how incompatible the companies were. — Kind of like Oscar Madison and Felix Unger, but not funny in any way at all.

Discussion: Between the Lines, Valleywag, Paul Kedrosky's … and Hollywood Newsroom

Ina Fried / Beyond Binary:

OK, so what's Microsoft's plan B? — With Yahoo apparently off the table, it's time to see what Microsoft's back-up plan looks like. — Microsoft has said for some time that it has a strategy with or without Yahoo, but it's a strategy clearly in need of a jump-start.

Discussion: The Secret Diary of Steve Jobs and About Mobility Weblog

Wall Street Journal:

Microsoft Withdraws Yahoo Offer After Attempt to Bridge Gap in Price — Microsoft Corp. said it abandoned its offer for Yahoo Inc., as the two companies failed to bridge a gap between them on price. — Microsoft Saturday released a letter from Chief Executive Steve Ballmer …

Discussion: Peter O'Kelly's Reality Check and Tech Beat

Dawn Kawamoto / CNET News.com:

Report: A peek behind the Yahoo-Microsoft meltdown — Curious how Microsoft's multi-multi-multi-billion dollar buyout bid for Yahoo sputtered, then crashed? — Kara Swisher's BoomTown column in All Things Digital has an interesting account of the missteps, sidesteps …

Michael Arrington / TechCrunch:

Yahoo's Tough Week Ahead — At around 4:30 California time today news broke that Microsoft has formally withdrawn its offer to acquire Yahoo (see Ballmer's email to Microsoft employees here). — Among other things, that ends a three month stock party where the market value of Yahoo jumped …

Discussion: Guardian Unlimited, Microsoft Watch, MediaShift and Paul Mooney

Yi-Wyn Yen / Fortune:

Blame it on Google — Microsoft CEO Ballmer said the software giant decided to walk away from a bid because Yahoo would become ‘undesirable’ if it formed an alliance with Google. — (Fortune) — Google proved to be the final straw that broke Microsoft CEO Steve Ballmer's back.

Discussion: MacDailyNews and CNNMoney.com

Kara Swisher / BoomTown:

Yahoo's Nightmare Scenario: I'm From Google and I'm Here to Help! — Here's what a top-notch source at Yahoo joked to me tonight, after Microsoft walked away from its unsolicited takeover bid to acquire the long-troubled Internet giant. — “Google is now officially our best friend.” — Oh no.

Discussion: Groundswell and Paul Kedrosky's …

Paul Kedrosky's Infectious Greed:

Analysis of the Microsoft Decision, Plus Yahoo's Hari-Kari — Here is my first-cut analysis of what has happened here: — On the friendly front, Yahoo drew a hard line at $37 per share, well above the $33 that Microsoft now says it told Yahoo this week it was willing to go

Discussion: broadstuff

Michael Arrington / TechCrunch:

Email From Steve Ballmer To All Microsoft Employees — The following email was sent to all Microsoft employees from CEO Steve Ballmer at 5:17 pm PDT (see Breaking: Microsoft Withdraws Yahoo Bid; Walks Away From Deal): — To: “Microsoft - All Employees (QBDG)”

Discussion: InsideMicrosoft, WebProNews, VentureBeat and Andy Beal's Marketing Pilgrim

Michael Arrington / TechCrunch:
Breaking: Microsoft Withdraws Yahoo Bid; Walks Away From Deal (Updated)

Discussion: Portfolio.com, BoomTown, Beyond Binary, Reuters, The Next Web, BBC NEWS, Coop's Corner, Voices, LiveSide, Electronista, Valleywag, mathewingram.com/work, Business Technology, SarahLacy.com, Master of 500 Hats, Thomas Hawk's Digital …, Search Engine Journal and WinExtra

New York Times:
Microsoft Withdraws Its Bid for Yahoo

Discussion: CNET News.com, The Big Picture, deal architect, Slashdot, HipMojo.com, Digital Daily and Digg

Ina Fried / Beyond Binary:
Microsoft pulls its Yahoo offer

BBC:
Microsoft walks away from Yahoo

Discussion: Gizmodo and TECH.BLORGE.com

Ina Fried / Beyond Binary:
Microsoft says proxy battle not worth it

Discussion: BloggingStocks

Archived Page Info:

This is a snapshot of Techmeme at 12:00 PM ET, May 4, 2008.

View the current page or another snapshot:

Techmeme Sponsor Posts:

Meta:

Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.

Zoho:

The crossroads of AI and SaaS — Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered. In a span of just two years, AI has made a name for itself as the key driver for innovation.

Genesys:

Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.

Tribe AI:

Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.

Sponsor Techmeme

Who's Hiring in Tech?