Feeds

Yahoo! rejects! Microsoft! again!

Saturday night's alright for proxy fighting

SANS - Survey on application security programs

Yahoo! rejected another takeover offer from Microsoft and Carl Icahn on Saturday after it was given less than 24 hours to respond to the joint offer.

Late on Friday Microsoft and Icahn issued a combined offer - Microsoft would take Yahoo!'s search business leaving Icahn to run the rest of the business.

Roy Bostock, Yahoo! chairman, said: "Carl Icahn and Microsoft presented us with a 'take it or leave it' proposal under which we would be required to restructure the Company, hand over to Microsoft Yahoo!'s valuable search business and to Carl Icahn the rest of the Company, giving us less than 24 hours to respond. It is ludicrous to think that our Board could accept such a proposal."

Yahoo! said it is prepared to sell the whole company to Microsoft for $33 a share, but not to spilt the company up. The company said its existing search deal with Google offers better value for money, as would a full sale of Yahoo!. It also objected that the rump of Yahoo! left once its search business was sold to Microsoft would be run by Icahn and his directors, who have little knowledge of running an internet company.

Yahoo! also complained that immediate removal of all directors would leave the company rudderless for at least a year while the deal got regulatory approval.

Yahoo said it offered to discuss a sale of its search business to Microsoft or a complete sale, but both offers were refused.

The two sides will now fight it out at Yahoo!'s shareholders meeting on 1 August. Yahoo! last week issued shareholders with materials for proxy voting for those that cannot attend the meeting. ®

SANS - Survey on application security programs

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.