Acquisitions: February 2008 Archives
TechCrunch reports that Plaxo is bought not by Google, but by Comcast. The price tag is close to what was rumored before - $175M. Why Comcast? God knows.
Plaxo had $5M revenue in 2006, $10-$12M in 2007, and 2008 projections are $20-$25M. They have 1.8M visitors per month.
Plaxo had $5M revenue in 2006, $10-$12M in 2007, and 2008 projections are $20-$25M. They have 1.8M visitors per month.
Well, today's news is too big to ignore. Microsoft wants to acquire Yahoo! again. This time it's different though: Yahoo! is suffering, their outlook is not good, and Jerry Yang did not convince anybody that he's really doing something about it.
So what's the deal? $31 per share or $44.6B total valuation for Yahoo!. That's way more than what market closed on yesterday. So my guess? This time Yahoo! will take it. It's to their benefit - things do not look good and there's no light at the end of the tunnel. They know that they have lost the war to Google, and this is their only chance of changing the game. A combined Microsoft + Yahoo! will have a large impact on the competition, numbers say.
Also see Steve Balmer's memo to Microsoft employees on the subject.
So what's the deal? $31 per share or $44.6B total valuation for Yahoo!. That's way more than what market closed on yesterday. So my guess? This time Yahoo! will take it. It's to their benefit - things do not look good and there's no light at the end of the tunnel. They know that they have lost the war to Google, and this is their only chance of changing the game. A combined Microsoft + Yahoo! will have a large impact on the competition, numbers say.
Also see Steve Balmer's memo to Microsoft employees on the subject.
