Microsoft opens Windows for Yahoo! but shuts gates with high bid

Posted: 2008-02-03 23:36:07+05:30 IST
Updated: Feb 02, 2008 at 2353 hrs IST

Font Size

Feedback

Discuss

Samsung, LG cut '09 sale targets: Report Samsung, LG cut '09 sale targets: Report Prospects of $45 bn loan for Roche receding GM board reviews new turnaround plan

New York, Feb 1: said Rishad Tobaccowala, CEO of Denuo, a consulting arm of Publicis.

He added, “Besides the big content companies that don’t have enough technology and who will have to go and buy technology, the companies people see as dumb pipes ... the cable and the telcos, will want to play too.” News Corp and Comcast declined comment.

Overnight, Microsoft’s bid, which values Yahoo at more than 60 times its forecast earnings for next year, boosted AOL’s value on Wall Street, one analyst said, making separation from owner Time Warner more financially palatable.

Applying Microsoft’s valuation of Yahoo to AOL’s advertising business, Bernstein Research analyst Michael Nathanson estimated the Yahoo-Microsoft news contributed $1 per share to Time Warner’s $23 per share value in his sum-of-the-parts estimate.

—Reuters...

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Microsoft opens Windows for Yahoo! but shuts gates with high bid

Post Comments