M&A | Fusions acquisitions
Timeline: Microsoft, Yahoo's merger-and-acquisition dance
Auteur : The Associated Press
Du : 05/05/2008
A chronology of events leading to Microsoft Corp.'s decision to abandon its offer for Web search and advertising competitor Yahoo Inc.:
Feb. 1, 2008: After two years of talks and speculation, Microsoft (nasdaq: MSFT - news - people ) makes unsolicited offer to buy Yahoo (nasdaq: YHOO - news - people ) for $31 per share, or $44.6 billion.
Feb. 3: google Inc. (nasdaq: GOOG - news - people )'s top lawyer says the buyout could hurt Web innovation.
Feb. 4: Yahoo CEO Jerry Yang tells employees that selling to Microsoft is an option.
Feb. 11: Yahoo rejects Microsoft's offer, saying it "substantially undervalues" the company's brand and worldwide assets.
Feb. 19: Microsoft Chairman Bill Gates tells The Associated Press the software maker isn't in talks with Yahoo about raising its offer. Yahoo releases details of severance plans that would take effect after a buyout, which could make the deal more expensive for Microsoft.
March 5: Yahoo extends a deadline for nominating candidates to its board, buying time to strike an alternative deal. Yahoo is said to be in talks with google Inc., News Corp. (nyse: NWS - news - people )'s MySpace.com and Time Warner (nyse: TWX - news - people ) Inc.'s AOL.
March 10: Senior executives meet near Yahoo's Sunnyvale, Calif., headquarters.
March 18: Yahoo releases optimistic revenue forecast for next two years to justify rejecting bid.
April 5: Microsoft CEO Steve Ballmer gives Yahoo three weeks to agree on a buyout or expect the software maker to go hostile - and potentially lower the offer price.
April 9: Yahoo says it will try using google's search ad engine instead of its own in a limited test. Microsoft's general counsel, Brad Smith, raises antitrust concerns.
April 26: Microsoft deadline for Yahoo to accept the offer expires. Both companies remain silent.
May 1: Ballmer tells Microsoft employees that he "won't go a dime above" what he thinks Yahoo is worth, and that he is willing to walk away from the deal.
May 3: Microsoft raises its bid to $33 per share, but Yang says the board won't accept less than $37. Microsoft withdraws its offer.
Feb. 1, 2008: After two years of talks and speculation, Microsoft (nasdaq: MSFT - news - people ) makes unsolicited offer to buy Yahoo (nasdaq: YHOO - news - people ) for $31 per share, or $44.6 billion.
Feb. 3: google Inc. (nasdaq: GOOG - news - people )'s top lawyer says the buyout could hurt Web innovation.
Feb. 4: Yahoo CEO Jerry Yang tells employees that selling to Microsoft is an option.
Feb. 11: Yahoo rejects Microsoft's offer, saying it "substantially undervalues" the company's brand and worldwide assets.
Feb. 19: Microsoft Chairman Bill Gates tells The Associated Press the software maker isn't in talks with Yahoo about raising its offer. Yahoo releases details of severance plans that would take effect after a buyout, which could make the deal more expensive for Microsoft.
March 5: Yahoo extends a deadline for nominating candidates to its board, buying time to strike an alternative deal. Yahoo is said to be in talks with google Inc., News Corp. (nyse: NWS - news - people )'s MySpace.com and Time Warner (nyse: TWX - news - people ) Inc.'s AOL.
March 10: Senior executives meet near Yahoo's Sunnyvale, Calif., headquarters.
March 18: Yahoo releases optimistic revenue forecast for next two years to justify rejecting bid.
April 5: Microsoft CEO Steve Ballmer gives Yahoo three weeks to agree on a buyout or expect the software maker to go hostile - and potentially lower the offer price.
April 9: Yahoo says it will try using google's search ad engine instead of its own in a limited test. Microsoft's general counsel, Brad Smith, raises antitrust concerns.
April 26: Microsoft deadline for Yahoo to accept the offer expires. Both companies remain silent.
May 1: Ballmer tells Microsoft employees that he "won't go a dime above" what he thinks Yahoo is worth, and that he is willing to walk away from the deal.
May 3: Microsoft raises its bid to $33 per share, but Yang says the board won't accept less than $37. Microsoft withdraws its offer.
Toutes les informations concernant la rubrique "Turnaround Management"
[30/04/2008] Citigroup lève 3 milliards de dollars supplémentaires
[27/04/2008] Ambac s'enlise dans la crise des subprimes
[23/04/2008] Google : la grande entreprise qui ne connaît pas la crise
[18/03/2008] Rachat de Bear Stearns par JPMorgan Chase
[29/02/2008] Aides d’État: la Commission ouvre une enquête sur le renflouement, par des fonds publics, d’IKB et de la Sachsen LB
[15/02/2008] Fusions acquisitions 2007 : une année ordinaire pour le M&A et difficile pour le LBO
[11/02/2008] Finance innovation met en œuvre son plan d’actions 2008 avec le Centre sur la recherche et la gestion des risques
[11/02/2008] 5.200 milliards de dollars perdus en janvier sur les Bourses mondiales !
[07/02/2008] Malgré la crise financière, Deutsche Bank publie des résultats 2007 record
[25/01/2008] Davantage de procédures pour contrôler les professionnels de la finance
[16/01/2008] La crise de Citigroup fait trembler les bourses mondiales
[04/01/2008] Record de fusions-acquisitions en 2007 malgré la crise du
[24/12/2007] La loi des fonds
[16/12/2007] Subprime : la crise continue
[14/12/2007] Le mouvement des fusions-acquisitions a été soutenu sur le marché de l’informatique professionnelle. Passage en revue des principales opérations de l'été.
[07/12/2007] Enquête d'Aon Cartographie & Contrôle des Risques sur la communication financière sur les risques de l’entreprise
[30/09/2006] Fusion acquisition dans les Jeux video: Buena Vista Games acquiert le studio primé Climax Racing
[04/09/2006] Restructuration: Novelis prend d'autres mesures de restructuration afin d'améliorer ses activités européennes
[24/01/2006] Alcatel confirme son leadership dans le domaine du triple play et présente sa vision du marché à la Conférence TVoDSL 2006
[28/10/2005] Lancement de Zalis.org