Perturbations in the sphere of the world's largest Internet business are gaining momentum. Multibillion-dollar mergers of the Yahoo! Microsoft scale giant, Microsoft, MySpace and AOL are actively discussed in the press and among top management. Experts put their long-standing reputation in trying to guess the outcome of all possible capital flows, investors can hardly keep from violent insanity, and mere mortals are surprised to watch all this. But let's put everything in its place.
The veteran titan of the entire Internet, now owned by Time Warner media empire, AOL, is now the object of interest of two wealthy and desperate customers: Yahoo! and Microsoft. The first in this case, according to sources “close to the body”, wants to unite with AOL into a single company, the controlling stake in which will be owned by Yahoo, and most of the investment in the development of AOL will still have to be borne by Time Warner. Microsoft’s intentions are not entirely clear, but the hot heads in the corporation seem to be relentlessly willing to spend a dozen or two billions, and AOL seems like a good investment to them.
Contacts with News Corp on the acquisition of a whole placer of legendary status portals belonging to it (MySpace, game IGN, etc.), meanwhile, are gradually fading into the shadows. The head of the corporation Rupert Murdoch (Rupert Murdoch) said last week that the deal with Yahoo is very dubious. What is behind all this?
From the point of view of Yahoo! All these negotiations fit into the strategy of the current Board of Directors, who wants to return the company to the track of independent and independent development. Working with Google, refusing to sell Microsoft entirely and agreeing to sell only the search business, “diluting” assets at the expense of standing up, but cheap enough (if you bargain) News Corp and Time Warner resources - all this should reduce the excitement of shareholders and instill they are confident that Yahoo! is on the right track.
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Major shareholders, however, even though they are waiting for the re-election of the Council on August 1, are still divided into two camps. Carl Icahn (Carl Icahn) and the largest corporate shareholder Yahoo! Legg Mason Foundation says they are ready to sell Microsoft company right now. And their less vociferous, but equally decisive colleagues are determined to see where the path proposed by the board will lead them, without seeking to cut down quick money.
In any case, these same re-elections will decide a lot in the fate of the industry giant, and may cause its global re-election. For us mere mortals, all this seems as far away as the collisions of galaxies. But the forces involved in the events, more than once remind themselves of waves, on which someone rises, and someone goes to the bottom.