Microsoft rules out higher offer for Yahoo
Despite weak quarterly results, software giant Microsoft is stepping up the pressure on Yahoo. Shortly before its ultimatum was set to expire, the Redmond, Washington-based company once again ruled out raising its billion-dollar offer.
Despite weak quarterly figures, software giant Microsoft is increasing the pressure on Yahoo. Shortly before its ultimatum expired, the company from Redmond in the state of Washington once again ruled out an increase in the billion-euro offer. Microsoft will announce its next course of action at the beginning of next week, said Microsoft CFO Chris Liddell. He contradicted Yahoo boss Jerry Yang, who sees his company on the upswing. The value of Yahoo is not increasing, but on the contrary is currently falling. However, Yahoo reported a surprisingly high quarterly profit this week. The company is definitely open to a takeover by Microsoft. However, the management rejects the current offer as too low.Microsoft originally wanted to take over rival Yahoo for just under 45 billion dollars and shares in order to break the dominance of rival Google in online search and Internet advertising. Yahoo considers the price too low so far, but no longer generally rules out a takeover (see
). If no agreement can be reached with Yahoo's management by this weekend, Microsoft will either turn directly to the shareholders in a hostile takeover or withdraw its offer, Liddell confirmed. Yahoo's demands for a higher offer were based on "unrealistic expectations." At the same time, the world's largest software company Microsoft announced a strong increase in earnings of around 15 percent for the new financial year from July, following an expected fall in profits in the last quarter due to special effects. Microsoft's net profit fell by around 11 percent to 4.39 billion dollars from January to March. Turnover increased only slightly by 0.4 percent to 14.45 billion dollars. In the same quarter of the previous year, however, special effects from the sale of the new Windows Vista operating system had boosted revenues.
). If no agreement can be reached with Yahoo's management by this weekend, Microsoft will either turn directly to the shareholders in a hostile takeover or withdraw its offer, Liddell confirmed. Yahoo's demands for a higher offer were based on "unrealistic expectations." At the same time, the world's largest software company Microsoft announced a strong increase in earnings of around 15 percent for the new financial year from July, following an expected fall in profits in the last quarter due to special effects. Microsoft's net profit fell by around 11 percent to 4.39 billion dollars from January to March. Turnover increased only slightly by 0.4 percent to 14.45 billion dollars. In the same quarter of the previous year, however, special effects from the sale of the new Windows Vista operating system had boosted revenues.
