CEBIT - Ballmer: Yahoo still in Microsoft's sights

Microsoft is still interested in Yahoo, but CEO Steve Ballmer would not say Monday if the company will launch a proxy fight to remove Yahoo's board

Microsoft still has its eye on Yahoo, but CEO Steve Ballmer would not say Monday whether the company plans to pursue a proxy fight to remove Yahoo's board.

Ballmer confirmed "a range of dialog" and "alternatives" under discussion with Yahoo, whose executives spurned Microsoft's initial US$44.6 billion cash-and-stock offer, posing the question of whether Microsoft would pursue a hostile takeover. The worth of Microsoft's offer has declined by several billion dollars as the company's share price has dropped over the past few weeks.

"I think it's important for me not to get into the detail," said Ballmer, who gave a keynote speech at the Cebit technology show in Hanover, Germany. "We still think the deal makes sense. We hope over time that becomes a reality."

Ballmer, whose company presented the unsolicited offer for Yahoo on February 1, said the bid has merit for the companies' shareholders, advertisers, publishers and consumers.

Microsoft hopes that a deal will bring it the engineering resources and Web savvy that has made Yahoo one of the most recognizable Web brands and eventually allow Microsoft to better compete in the online advertising market with Google.

Yahoo has also been struggling against Google and been plagued by mediocre financial results in addition to turmoil in its management ranks. However, CEO Jerry Yang has told employees not to be distracted by the bid and to stay focused.

Ballmer said Microsoft remains "fully engaged" with Yahoo and maintained the two companies together have the potential to create a lot of value.

"Ultimately, Yahoo's management's going to have a perspective on that, Yahoo's board will have a perspective on that and Yahoo's shareholders," Ballmer said. "We are trying to have appropriate levels of engagement with all three of those constituencies as well as with other industry participants."

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

GGG Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?