Feeds

Microsoft could go it alone without Yahoo!

Ballmer won't up bid

Beginner's guide to SSL certificates

Microsoft boss Steve Ballmer yesterday dropped the biggest hint yet that Redmond could turn its back on rival Yahoo! if its hostile bid to buy the internet search engine is rejected.

The Wall Street Journal reports that Ballmer, speaking after a conference in Milan, said: “We know what Yahoo! is worth to us. We offered a lot of money: $44 billion. If their board thinks that’s fair, great. If not, we’ll move forward without a merger.”

His comments came a day after Yahoo! racked up better than expected quarterly results, prompting speculation that Microsoft could be forced to jack up its cash and shares offer to take over the firm.

Yahoo! has so far resisted riding off into the sunset with Microsoft - that’s despite the fact that its share price has remained consistently below the value of the bid, currently worth $30.31 per Yahoo! share.

In an open letter to the Yahoo! board earlier this month, Ballmer loudly bemoaned the search engine firm’s refusal to come to the negotiating table.

Microsoft has also set a deadline for the Yahoo! board, led by CEO and founder Jerry Wang, to agree a deal by the weekend. If the firm fails to respond, Microsoft will propose its own candidates for the board.

Yahoo! on Tuesday posted nine per cent growth in first quarter revenues, against a backdrop of economic uncertainty and Microsoft's unwelcome bid to buy the company.

Shares in Yahoo! closed down 1.65 per cent to $28.08 on Nasdaq following Ballmer’s comments. ®

Security for virtualized datacentres

More from The Register

next story
'Windows 9' LEAK: Microsoft's playing catchup with Linux
Multiple desktops and live tiles in restored Start button star in new vids
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
iOS 8 release: WebGL now runs everywhere. Hurrah for 3D graphics!
HTML 5's pretty neat ... when your browser supports it
Mathematica hits the Web
Wolfram embraces the cloud, promies private cloud cut of its number-cruncher
Google extends app refund window to two hours
You now have 120 minutes to finish that game instead of 15
Intel: Hey, enterprises, drop everything and DO HADOOP
Big Data analytics projected to run on more servers than any other app
Mozilla shutters Labs, tells nobody it's been dead for five months
Staffer's blog reveals all as projects languish on GitHub
SUSE Linux owner Attachmate gobbled by Micro Focus for $2.3bn
Merger will lead to mainframe and COBOL powerhouse
iOS 8 Healthkit gets a bug SO Apple KILLS it. That's real healthcare!
Not fit for purpose on day of launch, says Cupertino
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.