This post is from CNN.com. Not only has the company turned down Microsoft’s takeover offer, but according to a report in The Times of London Monday, Yahoo (YHOO, Fortune 500) is said to be considering re-entering talks with my parent company, Time Warner (TWX, Fortune 500), to buy AOL.
I can understand if Yahoo is mulling alternatives to try and get Microsoft (MSFT, Fortune 500) to increase its $44.6 billion bid.
Microsoft’s offer of $31 on Feb. 1 represented a 62% premium at the time - but Yahoo traded at $31 a share as recently as November.
Yahoo said in a statement Monday morning that it “believes that Microsoft’s proposal substantially undervalues Yahoo!” and that “the proposal is not in the best interests of Yahoo! and our stockholders. Click here to read the rest of this article.
Google, Yahoo and Bing June 2010 market share was just announced by Comscore.com this week. According to them, “Google Sites led the U.S. core search market in June with 62.6 percent of the searches conducted, followed by Yahoo! Sites (up 0.6 percentage points to 18.9 percent), and Microsoft Sites (up 0.6 percentage points to 12.7 [...]
According to the LA Times, “Irvine-based Internet search engine Local.com Corp. said Thursday that it had acquired Octane360, a Los Angeles technology start-up that specializes in online marketing for small businesses and Web domain owners. Local.com said it paid $5 million in cash and stock for Octane360, with up to $5.9 million in additional cash [...]