Today, I woke up to the news of Microsoft walking away from Yahoo offer.
One can sense the feeling of Microsoft’s by Steve Ballmer’s closing note on the letter to Yahoo’s Jerry Yang. http://www.microsoft.com/presspass/press/2008/may08/05-03letter.mspx
“I still believe even today that our offer remains the only alternative put forward that provides your stockholders full and fair value for their shares. By failing to reach an agreement with us, you and your stockholders have left significant value on the table.
But clearly a deal is not to be”
I have friends from both open source community that loves whatever Google does and Microsoft community folks who swear by MSFT.
The mood on both sides is quite similar. While the MSFT folks rejoice that their favorite brand walked away saving 45 Billions and folks from other end rejoiced that Yahoo will be able to innovate. And finally reading comments, the mood at Yahoo also seems to be filled with Joy!!!
So, what Microsoft intend do that $ 45 billion is what will be interesting to watch in the days to come.
Here is a clue
"We have a talented team in place and a compelling plan to grow our business through innovative new services and strategic transactions with other business partners. While Yahoo! would have accelerated our strategy, I am confident that we can continue to move forward toward our goals,” Ballmer said.
“We are investing heavily in new tools and Web experiences, we have dramatically improved our search performance and advertiser satisfaction, and we will continue to build our scale through organic growth and partnerships,” said Kevin Johnson, Microsoft president for platforms and services
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