News - Google's Brin weighs in on Bing

[HEXUS]

Google's co-founder and president of technology, Sergey Brin, says it's a shame Yahoo has had to team up with Microsoft.

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[baius]

"twit" haha, funny. (Baius Roll's eyes at the monitor.)

I think it's strange that Microsoft didn't 'acquire' - or merge with - Yahoo. Then again, it might be deemed as anti-competitive in other areas of M$'s business. (At least the powers-that-be wouldn't compare them to g££gle.)

[TooNice]

Microsoft did try by placing a bid for $45B ($31 per share). Yahoo rejected it claiming it was too little. Microsoft raised it as high as $33 (pretty much 50B), before withdrawing their offer.

Needless to say, shareholders were not happy (at the time, Yahoo's share were trading at around $20 or just under), and I remember one episode where a certain billionaire investor wanted to oust the CEO (co-founder) and board of director for that decision.

Oh yeah, Yahoo's share price today is almost half what MS offered back in early 2008.

[Scott B]

That Billionaire will be Carl Icahn. Having rejected Microsoft's $33 per share bid, Yahoo subsequently changed its mind but Microsoft had gone off the idea by that stage.

Yahoo's share price today stands at $17.22...