Yahoo, which has been battling a loosing battle in its bid to not become an entity of the Microsoft Corportation has recieved numerous lawsuits (here). Another reason to be worried is that they’ve also annoyed their biggest shareholders who are letting everyone know what they think of Jerry Yang and the Yahoo board of directors (here)

“I’m extremely disappointed in Jerry Yang. I think he overplayed a weak hand. And I’m even more disappointed in the independent directors who were not responsive to the needs of independent shareholders.” which Mr. Crawford goes on to say, “It’s evident that most shareholders would have been perfectly happy with a transaction in the $34 range.”

Mr. Crawford of Capital Research Global Investors which is a division of Capital Research & Management Co owns over 16% of Yahoo’s shares which means, its Yahoo’s largest shareholder.

However, I think everyone is smart enough to realise that Microsoft really needs/wants Yahoo but they’re trying as if they don’t need Yahoo (although it would take them longer to achieve their aims) and because of this and with the troubles now occuring at Yahoo, Microsoft should go back in with a new offer.  The reason they should is because, Yahoo’s shareholders are letting it known quite publicly that they think $33/share is a good deal which means that, Yahoo’s board do not have a really valid reason to oppose a deal at this value when their shareholders (their largest at that) are making their position on the deal so publicly known.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Posted In News | 1 Comment »

Untangle, which was founded in 2005 and is currently based in San Mateo, California, has raised a further $8 million in a second round of funding for an overseas expansion of its open-source networking and security business. So far Untangle have raised around $20 million to date.

The company has 31 employees and is close to profitability and competes with SonicWall and Barracuda Networks but has the added advantage that neither of these are open source.

Untangle creates network and security appliances which serve as gateways that provide a variety of applications such as blocking spam and viruses.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Posted In News | No Comments »

Since the Microsoft-Yahoo deal isn’t going to happen, Yahoo shares have tumbled a massive 20% since the market opened this morning.

Shares in Yahoo opened at $23.02 but have since started to edge up. Although this is still technically good news for Yahoo shareholders as it is still alot higher than the $19/share which Yahoo was trading at when the Microsoft made its bid for the company 3 months ago.

If the shares become stable after this 20% drop which it seems to be as they are edging up again, does this mean that Wall Street is still thinking that there is another takeover attempt in the pipe-works whether that’s Microsoft increasing its offer or maybe the Google-Yahoo strategic advertising deal?

If you enjoyed this post, make sure you subscribe to my RSS feed!

Posted In News | No Comments »

Microsoft has finally decided to stop trying to purchase Yahoo after being unable to agree an acceptable sale price. The company had been pursuing Yahoo for 3 months.

Mr Ballmer revealed that Microsoft had raised its original offer to $33/share but Yahoo were insisting on at least $37/share, which was more than the software giant was prepared to pay. The original intentions of the deal was to create a company that was able to compete with Google.

However, Mr Ballmer told his own employees that Microsoft could achieve its goals without Yahoo even if this means a slower pace of development.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Posted In News | 1 Comment »

Twitter, are out talking to VCs (well its pretty obvious) but according to our source, I know that no deal is close to being completed and the company is still meeting with potential suitors.

Valuations for Twitter are between $60 million to just over $150 million and this is due to the fact that because, of its massive growth rate Twitter is just waiting to go mainstream. 

However, I suspect that Twitter won’t take the highest valuation offered but, it seems when Twitter have a round the valuation for the company will be over $60 million.

If you enjoyed this post, make sure you subscribe to my RSS feed!

Posted In News | No Comments »