Microsoft’s Persuasive Bid Foiled, Requests Yahoo to Excuse!
After failing a recent initiative taken by the software giant Microsoft Corp in acquiring Yahoo, there seems to be no immediate danger for the search engine ogre Google Inc. In a latest move, Microsoft has stepped back from its $42.3 billion deal to posses Yahoo. It is considered as a great set back for the Microsoft in the current century. Yahoo and Microsoft both are responsible equally for unable to finalize the deal. Sale price offered by the Microsoft became inadequate for the Yahoo group to respond positively.
A close door meeting between Jerry Yang and David Filo of Yahoo group and Steve Ballmer and Kevin Johnson of Microsoft, organized recently at Seattle, has failed to give an acceptable solution towards the Yahoo’s demand of $37 per share against Microsoft’s bid of $33 for the same. Ballmer’s side had increased their position from their previous offer of $29.40 per share. But, such increase was not up to the Yahoo’s expectations.
Microsoft is in the foray of acquiring Yahoo for the last three months, but not able to produce any acceptable soft solution for its own! What could be the Yahoo’s next move was not immediately known; but experts have feared that the existing economic lethargy of Yahoo will worsen with failure of the deal. However, if the analysts are to be believed, Yahoo will re-bounce and the deal may reach to a conclusive end by the later part of this year itself.
The failed business deal, which otherwise could have become one of the most important and historical deals of the century, has of course given a new hope to the Google Inc. To counter the situation and to make their online presence more commanding, Google has to make the market more complicated by way of their own unique strategic plans. Now, how they ate going to face the emerging scenario and how Microsoft counters them, is yet to see!