Skip to main content

Merger and Acquisitions: Yahoo goes the Icahn path

Just like BEA, which was forced to accept the offer from Oracle, Yahoo too will face the samne scenario. After cat and mouse game is done, Yahoo will soon be absorbed.

Two Detroit pension funds have initiated a class-action lawsuit against Yahoo and its board of directors for trying to rebuke the bid and attempting to third-party deals which the funds say would be "destructive to shareholder value."

"Yahoo's 'Just Say No to Microsoft' approach is a result of resentment by the board, and not any good faith focus on maximizing shareholder value," claimed lawyers from Bernstein Litowitz Berger & Grossman on behalf of Detroit's police and fire retirement system and the city's general retirement system. The firm filed suit for the plaintiffs in Delaware Chancery Court Feb. 21.

Microsoft offered to acquire Yahoo Feb. 1 for $31 per share, a 62 percent premium over Yahoo's Jan. 31 closing price of $19.18. Yahoo rejected the bid Feb. 11 and while its stock price has jumped almost $10, Microsoft's has dipped, lowering the deal value to between $41 and $442 billion.



Link

And with Microsoft assuring job certainty , this deal is as good as done!
Labels:

Comments

Post a Comment

Popular posts from this blog

Security: VMware Workstation 6 vulnerability

vulnerable software: VMware Workstation 6.0 for Windows, possible some other VMware products as well type of vulnerability: DoS, potential privilege escalation I found a vulnerability in VMware Workstation 6.0 which allows an unprivileged user in the host OS to crash the system and potentially run arbitrary code with kernel privileges. The issue is in the vmstor-60 driver, which is supposed to mount VMware images within the host OS. When sending the IOCTL code FsSetVoleInformation with subcode FsSetFileInformation with a large buffer and underreporting its size to at max 1024 bytes, it will underrun and potentially execute arbitrary code. Security focus
Post a Comment
Read more

Splunk that!

Saw this advert on Slashdot and went on to look for it and found the tour pretty neat to look at. Check out the demo too! So why would I need it? WHY NOT? I'd say. As an organization grows , new services, new data comes by, new logs start accumulating on the servers and it becomes increasingly difficult to look at all those logs, leave alone that you'd have time to read them and who cares about analysis as the time to look for those log files already makes your day, isn't it? Well a solution like this is a cool option to have your sysadmins/operators look at ONE PLACE and thus you don't have your administrators lurking around in your physical servers and *accidentally* messing up things there. Go ahead and give it a shot by downloading it and testing it. I'll give it a shot myself! Ok so I went ahead and installed it. Do this... [root@tarrydev Software]# ./splunk-Server-1.0.1-linux-installer.bin to install and this (if you screw up) [root@tarrydev Software]# /op
Post a Comment
Read more