After much internal debate and industry speculation, Yahoo today agreed to be acquired by Microsoft, adding $2.6 billion to Redmond’s original offer of $44.6 billion on Jan. 31.
Yang will join Microsoft as “chief Yahoo,” with specific duties to be determined later. Employees that Microsoft decides to retain will be offered an Xbox 360 game platform and a Zune music player as tokens of appreciation, in addition to cash grants and stock-option incentives for higher-level employees, Johnson said.
Golly! What can this portend?
Reaction from analysts and consumers ranged from disbelief to praise.
“This signals the death of Yahoo as it becomes part of Microsoft’s proprietary, awkward Live strategy,” said Mark Kelly, an analyst at The Buckeye Group research firm.
This talent is what Microsoft bought, and the company can afford to be tolerant of a distinct Yahoo culture, at least for a while, because it is contained in the Silicon Valley,” Ruiz said. “It can’t infect Redmond as easily from there, even though Redmond could stand a little infection.”
“Microsoft said the same thing about its slew of small business applications such as Great Plains a decade ago, yet nothing really came out of them,” Hydecomb said.
Buckeye’s Kelly said he believes the acquisition was nothing more than a platform purchase to replace the anemic Microsoft MSN, ad platform, and search-engine businesses, and that once Microsoft learned to run them, it would not need to retain the Yahoo culture.
“This is a liver transplant, not a brain transplant,” Kelly said.
There’s much more by following the link, but the really scary part is how April Fool imitates reality when it comes to the Microsoft acquisition of Yahoo.
Everyone enjoys a good strategy presentation, so I recommend for your delectation the “Sun Microsystems New Corporate Strategy” slide revealed by Fake Steve Jobs to explain this week’s announcement that Sun is now a Windows Server OEM. Similarly revealing is the note FSJ supposedly received from Jonathan Schwartz describing the double secret plan involving IBM that is behind it all.
It must be the dog days of summer if the hot news is that the above Steve Ballmer Zune iPod parody has been linked by a joker off a Microsoft website. I don’t expect it to last long, but it’s currently reachable via http://go.microsoft.com/?linkid=7200131. Of course, the “real” Zune news isn’t that much more profound, since the press is filled with breathless stories that there will be new Zune models for holiday shoppers. I’m shocked, I tell ya!
(Via Amit Agarwal). I usually don’t mention Bill Gates’ personal (as opposed to Microsoft) activities, but I can’t resist World’s Two Richest Men Can Eat for Free at Hooters:
While they surely don’t need the help, the world’s two richest men can now eat for free at Hooters restaurants. On Friday October 20, 2006 Bill Gates and Warren Buffet were presented with Hooters VIP Cards at a Hooters Restaurant in Kansas City, Kansas. The Cards entitle the gentlemen, who currently rank numbers 1 and 2 on the list of worlds richest, to free food at any of the chains 435 locations in 46 states and 20 countries exclusive of tip and alcohol.
The pair made a stop at the Hooters Restaurant along with members of the Board of Directors for Berkshire Hathaway. The visit came at the request of Buffet so the group could pose for a Christmas Card photo with the chain’s beautiful Hooters girls.
Indeed. The Christmas Card photo is available at either of the links. I guess it’s another instance of the old aphorism, “If you give a man a fish, he will eat for a day. If you teach a man to fish, he will eat for a lifetime. If you give a man a Hooters VIP Card, he will eat for a lifetime served by young women in skimpy outfits.”