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M$ Trying Hostile Takeover of Yahoo!
The end of the world is nigh.
SAN FRANCISCO (AFP) -- Take a lesson from Punkass: if you can't create it yourself get it from someone else. The big losers of the New Millennium are attempting a hostile takeover of Yahoo! for nearly $50 billion to compete better with Google.
'We are very confident this is the right path for Microsoft and Yahoo', said Steve 'Fatso' Ballmer as he banged his fists on the table and smashed at least one web cam during the conference call. 'We're going to kill Google.'
'We are very committed to this. When you combine the strengths of our two companies, the result will be an incredibly competitive enterprise.'
Yeah right, Fatso.
In a letter to Yahoo's directors dated Thursday Microsoft revealed Yahoo rebuffed overtures last year at this time.
Despite announced layoffs Yahoo! aren't even close to being in the red yet with their net profits for 2007 at $660 million compared with $751 in 2006 and 2007 Q4 results still topping expectations of Wall Street analysts.
Under the Microsoft offer Yahoo shareholders can receive cash or a fixed number of shares of Microsoft stock.
But if they have any dignity they will still say 'no'.
Yahoo! News: Microsoft unveil bid for Yahoo at $44.6 bln