Feeds

Yahoo? We don't need no stinkin' Yahoo!

Gates says Microsoft can go it alone

Bridging the IT gap between rising business demands and ageing tools

Bill Gates says Microsoft is quite capable of sorting out its internet strategy all on its own if Yahoo! refuses to play ball.

Gates, who stops full-time work for the company in June, ceded it was no longer really his decision. He said, according to reports: "The key decisions on that will be made by Microsoft CEO Steve Ballmer, who took a look at Yahoo and decided that, on our own, he likes the stuff that we're doing. I wouldn't rule out some partnerships but we don't have anything imminent there."

Yahoo! rejected a revised offer of $47.5bn from Microsoft at the weekend but now faces serious shareholder anger. The company has had its own problems and Microsoft was offering a generous premium on its share price.

But any shareholders will have to act fast. Yahoo! is holding its shareholder meeting 3 July, which means anyone wanting to propose alternative directors to the board must get their nominations in by close of play 15 May.

Several institutional shareholders have already expressed their displeasure at Jerry Yang's discussion to spurn Microsoft's offer. A class action lawsuit has already been launched.

Yahoo! shares dropped 15 per cent on Monday, but bounced back slightly yesterday and in early trading today - they're currently trading at just over $25, rather than the $33 Microsoft was prepared to pay. ®

Application security programs and practises

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.