New (Lower) Odds For A Microsoft-Yahoo Deal
The new consensus on Wall Street about a possible Yahoo-Microsoft (NSDQ: MSFT) deal: Not so likely. In a report Tuesday, Collins Stewart analyst Sandeep Aggarwal puts the odds of a deal at 50 percent, down from 80 percent. He says that the likelihood of a deal has gone down in recent weeks — with disagreements over price and also “operational aspects/deal structure.” (Not to mention that Yahoo (NSDQ: YHOO) CEO Carol Bartz has straight out said that her company would be
Mark Mahaney should reiterate his upgrade that he put out yesterday because the traders are confused they need guidence accordingly, The sell off was due to this news saying yahoo was going to loose out to bing for market share and become a meaningless company, More guidence please
If the odds go down, a deal is more likely than before. What has decreaed to 50% from 80% is the chance or relative probability of a deal. The odds, on the other hand, has gone up.
CHICAGO, June 18 (Reuters) – Microsoft Corp (MSFT.O) is willing to invest 5 to 10 percent of its operating income in its search business for up to five years, Chief Executive Steve Ballmer said on Thursday, as its "Bing" search engine gains ground with Web surfers.Bing has been winning market share from rivals, according to industry data released this week. Microsoft grabbed 12.1 percent of U.S. Internet searches for the June 8-12 work week, up from 11.3 percent from June 1-5 but trailing Google's (GOOG.O) 65 percent of U.S. searches in May. [ID:nN17358366]
"Our shareholders, I told them we were willing to spend 5 to 10 percent of operating income for up to five years in this business, and we feel like we can get an economic return," Ballmer told a business luncheon in Chicago, without elaborating on the timeframe.
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