Song of The Day: Future Shock - Artist: Herbie Hancock
It just keeps getting better every day…
Apparently, News Corp. wants a 20% stake.
More after the jump…
VelociPeek
Eric’s weblog on tech
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Yahoo! - Microsoft Deal Likely
Song of The Day: Future Shock - Artist: Herbie Hancock
While Yahoo! acquired Maven Networks for 160M, a large shareholder predicts Microsoft will acquire Yahoo! for a share price slightly below $40.
Apparently, Google sours on a deal.
More after the jump…
Yahoo! Starts Lay-offs, Microsoft Feels Hostile
Song Of The Day: The Pot - Artist: Tool
Well, it’s just been one of those weeks in the Internet space. Initially, Yahoo! struggles and announces lay-offs, Microsoft then makes a bid for Yahoo!, Yahoo! rebuffs and hints at buying AOL. All the while Google is doing something behind the scenes.
Wow. Pretty intriguing.
So what’s in it for today?
Well, more after the hop…
Yahoo! May Buy AOL
Song Of The Day: Bulls On Parade - Artist: Rage Against The Machine
That’s right. There are current rumors on the street that Yahoo! could buy AOL. I could see this happening, but more of the report after jump…
Yahoo! - Jerry Yang’s Letter to Employees
Song of The Day: What’d I Say - Artist: Ray Charles
Jerry’s Yang’s letter to employees:
Subject: our board’s decision
yahoos
as you’ll see from the news release we issued today, our board of directors has reviewed microsoft’s unsolicited proposal with yahoo!’s management, financial and legal advisors. after a careful evaluation, the board has unanimously concluded that the proposal is not in the best interests of yahoo! and our stockholders. of course, the board of directors is continuously evaluating all of its strategic options in the context…
Requires a subscription for the entire article, but more thoughts and review after the jump…
Yahoo! Says “No” to Microsoft Bid
Song of The Day: What’d I Say - Artist: Ray Charles
So Yahoo! says no thank you to Microsoft. Why? Offer undervalued:
After a series of meetings over the past week, Yahoo’s board determined that the $31 per share offer “massively undervalues” Yahoo, the person said. It also doesn’t account for the risks Yahoo would be taking by entering into an agreement that might be overturned by regulators. The board plans to send a letter to Microsoft Monday, spelling out its position.
Although I expected this, I’m still glad to see fight left in Yahoo! As one of the all-time Internet greats, it’s good to see, that they still see, more value in the company.
Do this or else type offers are risky, but Microsoft may get the desired effect by coercing Yahoo! back to the bargaining table. With Microsoft’s persistent culture and vast coffers those qualities could help Yahoo! in the battle to gain ground.
Unless Microsoft continues to show their hostile side, I would expect a Google-AOL type deal or other partnership.
As always, we’ll see….
VelociPeek Links - Hosting Provider Change
All,
Some of the links are broken due to a recent mishap with Jumpline, the hosting provider I was using.
In short my files on Jumpline’s particular box were wiped out because, get this, I violated their terms of service for compiling a custom version of Apache 2.2 with PHP 5, which was supposedly causing CPU spikes. I’m not sure if that was true (i.e., it had hardly any traffic) or not, but if true, it was probably due to Apache’s interaction with their virtualization software. Ugh!
Their default action was to the suspend the account, and then it could only be reactivated by erasing/reinstalling the entire image! I had no idea that that would happen and I voiced my displeasure about their actions. I mean they didn’t even ask me if I needed anything off of the box before doing it! And, all they really had to do was kill the custom httpd daemon.
I have backups of things, but will need to retrieve the archives and repost.
I now have a new provider cari.net, with which I am very happy.
For now please excuse a few of the broken links, etc. until I can get things fixed.
Yahoo! - The Bidding War Starts
Song of The Day: What’d I Say - Artist: Ray Charles
So how could one blog today in tech and not mention the unsolicited offer to buy Yahoo! for $44.6B from Microsoft.
Quote from the WSJ Online:
Microsoft offered to buy Yahoo for $44.6 billion in a cash and share deal, a move designed to help both companies compete against industry leader Google. Yahoo said it will “evaluate this proposal carefully and promptly.” Yahoo shares soared 50% in premarket trading, while Google shares were down 8%.
I really don’t see this happening, and if it does for some lottery chance, or working for one reason alone: culture. Two completely different approaches to, well, everything.
I’ll leave it at that. I would expect other bids from Google and maybe Time Warner before this comes to a conclusion.
Hannah Montana and 3-D Movie
Song of The Day: Best Of Both Worlds - Artist: Hannah Montana/Miley Cyrus
Today’s entry may seem a bit bizarre, but I just had to write something about last night’s hottest concert ticket in town: Hannah Montana/Miley Cyrus.
Although persons in my family went, I was perfectly content playing with computer stuff at home :). However, I have to admit that I’ve caught the TV series on the Disney Channel a few times and and it’s pretty good. However, the teen sensation continues to surpass my expectations with all the hype!
So why the entry about this today? Well, for those not fortunate enough to hit the concert tour, or for those that didn’t get enough of the tour, there is a 3-D movie coming soon. That’s right! You too can see what the hype is all about.
More after the hop…