Million Dollars Journey Dot Com

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Microsoft has issued a statement about Yahoo’s rejection of their $44.6 billion offer to buy them out.

It is unfortunate that Yahoo! has not embraced our full and fair proposal
to combine our companies. Based on conversations with stakeholders of both
companies, we are confident that moving forward promptly to consummate a
transaction is in the best interests of all parties.

We are offering shareholders superior value and the opportunity to
participate in the upside of the combined company. The combination also
offers an increasingly exciting set of solutions for consumers, publishers
and advertisers while becoming better positioned to compete in the online
services market.

A Microsoft-Yahoo! combination will create a more effective company that
would provide greater value and service to our customers. Furthermore, the
combination will create a more competitive marketplace by establishing a
compelling number two competitor for Internet search and online
advertising.

The Yahoo! response does not change our belief in the strategic and
financial merits of our proposal. As we have said previously, Microsoft
reserves the right to pursue all necessary steps to ensure that Yahoo!’s
shareholders are provided with the opportunity to realize the value
inherent in our proposal.

From the sounds of it, Microsoft has no intention on accepting Yahoo’s rejection. This could get ugly. Especially if it forces Yahoo to run to Google’s neighborhood for help. Luckily, Yahoo has better sense than that (we hope). Yahoo is now talking about a merger with AOL. But isn’t that kind of like the blind leading the blind? Two struggling companies doesn’t sound like a winning combo to me. But the drama continues and we can only hope that whatever happens in the end, Google won’t be holding all the property cards on the board.

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