takeover

Three-Way Talks to Salvage Clear Channel Deal Continue

Holiday Shapiro — Tue, 13 May 2008 09:07:14 -0700

Clear Channel Communications Inc. and its prospective buyers are negotiating with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5-billion takeover, the radio and outdoor advertising company said Monday.

Fourteen Years After Founding Yahoo, This Man Has Eight Weeks to Save It

Holiday Shapiro — Wed, 07 May 2008 09:30:03 -0700

For Jerry Yang, July 3 will loom very large in his diary. That is the date that Yahoo, the online giant he co-founded 14 years ago, has set for its annual shareholder meeting and he will face investors dismayed and angry at the weekend's rejection of a last-minute $47.5bn offer from Microsoft.

Gates Says Microsoft Will Pursue Independent Path After Yahoo Bid

Holiday Shapiro — Wed, 07 May 2008 09:21:24 -0700

Microsoft Chairman Bill Gates said today the company isn't pursuing other deals following the withdrawal of its $47.5 billion takeover bid for Yahoo.

He said in Tokyo that the company put "a lot of effort" in the talks with Yahoo and has decided the two should pursue "independent paths."

Microsoft to Get Tough with Yahoo

Holiday Shapiro — Wed, 30 Apr 2008 08:06:33 -0700

Wall Street expects Microsoft to enter a protracted period of "trench warfare" in its attempt to buy Yahoo after the failure of its three-month-long attempt to bring the online company's board to the negotiating table.

Yahoo! Says It May Accept Offer from Microsoft

Holiday Shapiro — Wed, 23 Apr 2008 09:55:36 -0700

Jerry Yang, the co-founder of Yahoo!, said yesterday that the online search engine may still recommend a hostile takeover from Microsoft after admitting that it had already spent $14 million (£7 million) in fees to advisers such as Goldman Sachs and Lehman Brothers to fight the approach.

Murdoch to Back Microsoft's Yahoo Bid

Holiday Shapiro — Thu, 10 Apr 2008 09:04:15 -0700

News Corporation is again wading into the tense takeover negotiations between Microsoft and Yahoo, this time discussing how it could back up the technology giant's bid for the web company. A deal could create a powerful internet alliance between the News Corp-owned MySpace site, Microsoft's MSN brand and, if the takeover of Yahoo succeeds, its online network.

Murdoch and AOL Join Fight over Yahoo

Holiday Shapiro — Thu, 10 Apr 2008 08:18:21 -0700

The competition for Yahoo heated up last night, as the Internet portal became the prize in a sudden and furious flurry of dealmaking among the world's largest media and Internet titans. Rupert Murdoch's News Corp., the world's largest media company, is in talks with software giant Microsoft over a possible combined bid for Yahoo, according to a source close to the discussions.

Yahoo to Test Google Ads as Defense Against Microsoft

Holiday Shapiro — Thu, 10 Apr 2008 08:10:51 -0700

Yahoo Inc said on Wednesday it will carry Web search advertising from Google Inc in a test that could put pressure on Microsoft Corp to raise its bid to buy the company. Yahoo, facing a three-week deadline from Microsoft to reach a deal and eager for a higher offer, also is still in talks with Time Warner Inc's AOL about a potential tie-up, a source familiar with the discussions said.

Yahoo Turns to Google for Help

Holiday Shapiro — Thu, 10 Apr 2008 08:03:31 -0700

Yahoo on Wednesday moved another chess piece in its bid to fend off a hostile takeover by Microsoft, announcing it will outsource advertising space to Google as part of a short-term deal that could lead to a bigger partnership.

Yahoo Again Rejects Microsoft Offer As Too Low

Holiday Shapiro — Tue, 08 Apr 2008 07:29:33 -0700

Running out of time and options, Yahoo Inc. again rebuffed Microsoft Corp.'s buyout offer Monday and continued to seek refuge in the arms of Time Warner Inc. Yahoo, which faces a hostile takeover fight if it doesn't reach a deal with Microsoft by April 26, is trying to sell a substantial minority stake to Time Warner, according to people familiar with the talks. The deal being discussed would combine Yahoo with Time Warner's beleaguered AOL Internet unit.