Microsoft Moves To Buy Yahoo!
According to the New York Post, Microsoft (MSFT) has asked Yahoo! (YHOO) to enter formal discussions about a buy-out that would be worth $50 billion to Yahoo! shareholders. The web portal currently has a market cap of about $38 billion.…
According to the New York Post, Microsoft (MSFT) has asked Yahoo! (YHOO) to enter formal discussions about a buy-out that would be worth $50 billion to Yahoo! shareholders. The web portal currently has a market cap of about $38 billion.
Microsoft’s own online initiative has fallen apart. The company’s MSN and search business are not competitive with Yahoo! or Google (GOOG) in terms of revenue. Microsofts share of the US search market is little more than 10%, but Yahoo!’s is closer to 30%. Together, with a total share of 40%, they would be in a position to challenge Google.
Yahoo!’ flagging fortures and loss of share to Google have taken its shares down enough so that the deal may actually happen.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.