MediaFile wrote last week about Steve Ballmer’s world tour to promote Microsoft’s unsolicited takeover bid for Yahoo. Now that the Microsoft has walked away and the odds for Microhoo aren’t looking so hot, Microsoft execs have fanned out across the globe to explain the company’s decision. To Skhirat, Morocco, San Donato Milanese, Italy and Louvain-la-Neuve, Belgium, we can now add Seoul, London and Jakarta.
And it was thus decreed that the messengers of Steve Ballmer were sent far across the land to say No to an alliance with the kingdom of Yahoo:
“Yahoo could always come back again and say please buy us for $33 (a share) and I’m sure we might reconsider it, but we’re not assuming that’s going to happen,” Microsoft Chief Research and Strategy Office Craig Mundie to Reuters in Jakarta, May 8.
Now that Microsoft Corp has withdrawn its bid for Yahoo Inc, one of the questions on the minds of many (MediaFile included) is what’s the attitude like at the Web company’s leafy Sunnyvale, California headquarters. Elation? Disappointment? Anger? Frustration? Relief? Fear? Pride? Confusion?
Now that Microsoft has broken off its pursuit of Yahoo, the only thing we know for sure is that those two technology icons will not be merging (right now). Every other possibility and option for the two companies is up in the air. (One thing is for sure, Yahoo’s stock is already down more than 20 percent .)
During a panel discussion on media and entertainment at the Milken Institute Global Conference on Wednesday, former Yahoo! CEO Terry Semel swiftly deflected questions about the Internet company’s current pickle with Microsoft to his fellow panelist and Yahoo! board member Activision CEO Bobby Kotick.