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Yahoo for sale! If Microsoft not interested, then who would want to buy it?
Putting an end to the 3-month suspense, Microsoft has officially withdrawn its Yahoo bid. In a last minute effort, Microsoft CEO Steve Ballmer has even raised the offer from $29 to $33 per share. But Yahoo demanded that it would accept $37 per share.
Microsoft – Yahoo: Not a Sensible Deal:
Everybody thought that Microsoft would take up Yahoo at any cost. Of course, this might be the only way to challenge Google’s dominance over the Internet Search Engine market. But on the contrary to that belief, Ballmer simply pulled off the deal saying “not sensible”.
Do you know what the price of Yahoo share was 3 months ago? It was just $19.18. But now, Yahoo demands to double its share. Even the supporters of the merger feel that this is purely a high price for Yahoo.
Just after the official announcement of abandoning the bid, analysts believed that Yahoo shares will tumble like anything from its previous close of $28.67. At the time of writing this article, Yahoo shares were traded at the price of $24. 22. No doubt, in the coming days, many of us would observe Yahoo share at a throwaway price.
A Big Mistake by Yahoo:
Personally, I feel that Yahoo has made a big mistake was not accepting the most lucrative offer. The proposed acquisition would no doubt benefits Microsoft & Yahoo but at the same time it will benefit the search engine market as a whole.
It is now up to Yahoo’s chief executive Mr Yang, who should answer his shareholders?
Yahoo for Sale – Who Would You Want to Buy Yahoo?
If I’m not wrong Yahoo is still struggling to make it on the digital place where Google and Facebook are dominating in every aspect of the online businesses. Apart from its core business, Yahoo has control over Flickr and Tumblr. If Yahoo is put for sale along with Flickr and Tumblr, then which company would you want to acquire Yahoo? It’s really fun to fantasize but not a wild idea.
Going by the trends, I would rate Alibaba’s Jack Ma as the frontrunner. Microsoft with its new CEO Satya Nadella still has an equal chance to stay in the race. The third contender could be Twitter. Don’t you think that Twitter – Yahoo acquisition can challenge Google and Facebook?