Media News - Monday, May 05, 2008
Yahoo under pressure after Microsoft walks out
Yahoo Inc faced growing pressure on Sunday to find an alternative strategy to Microsoft Corp's USD 47.5bn takeover offer after the software maker walked away over a disagreement on price. Yahoo shares could fall by more than 30 percent on Monday over the breakdown of talks, but that drop could be softened if Wall Street believes Yahoo Chief Executive Jerry Yang has another strategy up his sleeve, analysts said. Yahoo is likely to push for an advertising partnership with Web search leader Google Inc, sources familiar with the matter said. A tie-up with Google, seen as a big winner from the end of Microsoft-Yahoo talks, should help boost Yahoo's operating performance in the near term. Yahoo is also still considering a deal with another Internet media and advertising major, such as Time Warner Inc's AOL, people familiar with the discussions said. (Reuters via France 24)
Bookmark this :
|
Listen to this article
|
Sphere: Related Content
Subscribe
Join our Media News mailinglist with over 12.000 subscribers.
Search archive
The Media News archive contains over 15.000 items so it is advised to narrow your search.
Time Machine
| July 2008 | ||||||
|---|---|---|---|---|---|---|
| S | M | T | W | T | F | S |
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
Syndicate
Popular articles
- Startup lets public test conversational Web search
- MySpace opens doors to developers MySpace webpage
- Acclaimed photo was faked
- Iran: Leading women’s magazine forced to close
- User-generated breaking news and open source reporting website launched
- Platform lets bloggers download creative and editorial imagery from Getty Images
- EU to promote ‘media literacy’ among citizens
- NUJ warns of multimedia concerns
- New website reaches out to EU Neighbourhood Journalists
- European research project to shape next generation Internet TV