The Internet firm says it believe the offer substantially undervalues the company, but adds that it is not opposed, in principle to a deal with the software giant
Responding to Microsoft’s threat to lower the bid price, Yahoo on Monday once again rejected the US$44.6bn unsolicited bid from the software giant, indicating that the offer must […]
Steve Ballmer is losing patience. On Saturday, the Microsoft CEO issued an ultimatum to Yahoo’s board of directors, writing a letter that said “now is the time” to negotiate on Microsoft’s bid to buy the company. Ballmer set a three-week deadline for Yahoo’s board to shake hands or else face a proxy fight in which […]
Norwest-Backed Sulekha.com Plans IPO Next Year
After internet companies like MakeMyTrip, Cleartrip.com and Shaadi.com, which have directly or indirectly expressed intentions of going public in 2009, here is another large consumer internet play that plans to go public next year. The local information/classifieds and e-commerce portal Sulekha.com is preparing to enter the capital market sometime in […]
Northgate Technologies Ltd has informed that Globe7 signed two years strategic business contract of advertising with QQ.com owned by “Tencent” (Tencent Holdings Ltd). The strategic alliance with Tencent will enable Globe7 to access more than 200 Million active Internet users or approximately 15% of the existing Global Internet Users.
About Globe7:
Founded in November, 2005, Globe7 HK […]
The board of directors of Yahoo! today rejected the $31 bid of Microsoft saying the proposal substantially undervalues the company.
Following is the press release issued by Yahoo!
Yahoo! Board of Directors Says Microsoft’s Proposal Substantially Undervalues Yahoo!
SUNNYVALE, Calif., Feb 11, 2008 - Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said the Yahoo! Board of […]
Microsoft Corporation today announced that it was offering to buy outstanding shares in the world’s largest portal Yahoo for $31 per share. This values the company at about $44.6 billion.
Microsoft’s proposal would allow the Yahoo! shareholders to elect to receive cash or a fixed number of shares of Microsoft common stock, with the total consideration […]
Ybrant Technologies IPO : Ybrant Technologies IPO Pre Placement
In a pre-IPO placement, Ybrant Technologies has raised $20 million from New York-based private equity and hedge fund Sansar Capital by diluting 16 per cent (2.5 million shares at Rs 325 a share) of its equity. Ybrant, which has revenues of $24 million with profits of $6 […]
Net 4 India Ltd has informed that M/s. Bonnett Coleman & Co. Ltd., has agreed to invest in the Equity Shares of the Company to the tune of 500,000 equity shares of Rs 10/- each at a premium of Rs 90 per share; subject to the approval of the Board at Directors and also requisite […]
Northgate Technologies, a Hyderabad-based technology, e-commerce and online advertisement solutions provider, reported a net profit of Rs 20.21 crore for the quarter ended September 2007, when compared with Rs 13.19 crore during the corresponding quarter last year, reflecting a growth of 53.22%.
Revenues rose 104.96% to Rs 130.52 crore during the quarter under review, compared with […]
Northgate Technologies Ltd has announced that Globe7 HK Ltd, a wholly owned subsidiary of the Company Hong Kong entered into an agreement with Bangkokpost.com for managed hosting and content monetizing services. According to this agreement, Globe7 HK Ltd provides text and video content of Associated Press (AP) to Bangkokpost.com and monetizes it through online advertising.
The […]
