After Microsoft made a $44.6 billion bid for Yahoo last week, everyone was waiting on bated breath to see what Google would have to say about it.
And in typical industry fashion, the company currently on the wrong side of a major deal has come out in protest.
In a statement on the company's website, Google's Senior Vice President, Corporate Development and Chief Legal Officer, David Drummond indicated that his company is not all pleased with Microsoft's bid.
"Microsoft's hostile bid for Yahoo! raises troubling questions. This is about more than simply a financial transaction, one company taking over another," he wrote. "It's about preserving the underlying principles of the Internet: openness and innovation."
Please. By trying to take the "high road", Google sounded petty and made itself look foolish. And if the company really wanted to do something about it, it should stop complaining and make a bid for Yahoo.… Read more
Steve Ballmer spent plenty of time talking about Yahoo during Microsoft's just-concluded meeting with financial analysts on Monday. However, the CEO offered little news with regards to the company's $44.6 billion bid for Yahoo.
He reiterated many of the things he said in announcing the deal Friday, talking about the need for scale in the business and the benefits of combining the two companies' research-and-development efforts.
Ballmer also echoed General Counsel Brad Smith's comments Sunday--that Microsoft buying Yahoo would increase competition by creating a stronger alternative to Google, while other potential options for Yahoo would ultimately … Read more
Wonder what Yahoo chief executive Jerry Yang and the company's nonexecutive chairman, Roy Bostock, said to the troops on Friday, after Microsoft launched its unsolicited $44.6 billion bid?
Here's the text of the e-mail they sent to employees, which the company filed Monday with the Securities and Exchange Commission:
Subject: more on today's news...
since we talked to you this morning, there's been a lot of media coverage and industry chatter about microsoft's unsolicited proposal to acquire yahoo!. we know you've been hearing and reading a lot about this. that'… Read more
It's been a tumultuous few days for Yahoo--you know, with that takeover bid from Microsoft--but the company continues to shake things up internally, too.
On Monday, the company announced that it will discontinue its Yahoo Music Unlimited subscription service and will transfer its customers to RealNetworks' Rhapsody service.
In mid-2008, Yahoo Music Unlimited subscribers will be guided through an in-browser process to convert their music libraries to Rhapsody's service. For a limited time (length unknown), they'll be able to keep paying Yahoo's subscription fees, which cap out at $8.99 per month, before being required … Read more
Wow. Microsoft is nothing if not brazen. When you think of Microsoft you normally don't think of these words, at least not together, yet these words came from Microsoft's general counsel, Brad Smith, in response to Google's complaint that a Microsoft and Yahoo! tie up would be bad for the Internet:Microsoft is committed to openness, innovation, and the protection of privacy on the Internet.
Microsoft? Committed to openness? Microsoft has been committed to destroying openness over the years, and Brad Smith has played an integral role in that strategy, defying the US Justice Department and the world's consumer. I think highly of Brad, but I find this guile to be galling in the extreme.
Google is exactly right in calling out Microsoft's cheek:… Read more
That's a one word summary of Microsoft's statement Sunday rebutting Google's statement earlier in the day that said Microsoft's $44.6 billion bid for Yahoo could raise antitrust concerns.
"The combination of Microsoft and Yahoo will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising," Microsoft lawyer Brad Smith said in a statement. "The alternative scenarios only lead to less competition on the Internet."
Smith argues that Google already has three-quarters of the paid search market and about … Read more
Google's top lawyer has penned a letter outlining a number of concerns it sees if Microsoft's bid for Yahoo goes through.
In the letter, "Yahoo and the future of the Internet," Google chief legal officer David Drummond says that Microsoft's offer "raises troubling questions" given the company's monopolistic past.
"This is about more than simply a financial transaction, one company taking over another," Drummond said. "It's about preserving the underlying principles of the Internet: openness and innovation.
Drummond warns that Microsoft could attempt the same things it did … Read more
A Microsoft-Yahoo merger could threaten the openness on which the Internet is based, a Google executive says.
"Could Microsoft now attempt to exert the same sort of inappropriate and illegal influence over the Internet that it did with the PC? While the Internet rewards competitive innovation, Microsoft has frequently sought to establish proprietary monopolies--and then leverage its dominance into new, adjacent markets," he writes. "Could the acquisition of … Read more
The New York Times hits the nail right on the head: If Microsoft were at the top of its game (as its numbers suggest), it wouldn't need to acquire Yahoo!:...[Iif its proposed acquisition of Yahoo signals anything, it serves as a confirmation that Microsoft's glory days are in the past. Having failed to challenge Google where it matters most -- in online advertising -- it has been reduced to bulking up by buying Google's nearest but still distant competitor. In many ways, the company has become exactly what Bill Gates used to fear the most -- sluggish, bureaucratic, slow to respond to new forms of competition -- just as I.B.M. was when Microsoft convinced that era's tech behemoth to use Microsoft's operating system in its new personal computer.
of course, just as with IBM, becoming "sluggish, bureaucratic, [and] slow" is not to say that Microsoft is going out of business any time soon. Rather, it's just to say that Microsoft's glory days of market innovations are well past it (not that anyone was doubting this - when is the last time it really did anything innovative?).