Bidder`s Remorse for Ballmer?

Microsoft Chief Executive Steve Ballmer may be experiencing a case of bidder’s remorse after making an unsolicited $42.3 billion offer to buy Yahoo.

Speaking to a group of nearly 2,000 Microsoft enthusiasts at a technology conference in Seattle, Ballmer asked how many people use Yahoo as their primary Web search engine.

Only a handful of arms went up — fewer than for Microsoft’s Windows Live search. The overwhelming majority raised their hands for Google, which Microsoft is seeking to challenge as an online advertising powerhouse.

After the tepid response for Yahoo’s search, Ballmer said jokingly: "Wow! We offered 31 bucks a share."

Yahoo and Microsoft, which rank No. 2 and 3 in Web search respectively, are at a stand-off. Microsoft has said its $31 a share offer is fair, while Yahoo has said the cash-and-stock offer significantly undervalues the company.

 

 

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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