Microsoft: We Offered Deal Worth More Than $33, Nutbag Yahoos Still in Dreamland

Henry Blodget | June 12, 2008 4:16 PM

Microsoft (MSFT) issues its own statement about the Yahoo (YHOO) talks breaking down. Key points:

We were prepared to do a search-only deal worth more than $33. This is presumably the byzantine three-part transaction described a month or so back, in which Microsoft would take Yahoo's search business, Yahoo would recapitalize its display business, and Yahoo's Asian assets would be sold off. This deal never made any sense, in our opinion, so we don't blame Yahoo for rejecting it.
We're still prepared to do this deal--unless/until Yahoo does a search deal with Google, in which case all bets are permanently off.

People close to Microsoft say that, during this final round of negotiations, Yahoo eventually offered to sell itself for $33, the same price as the offer it turned down a month ago. But Microsoft no longer has any interest in buying the company at this price, sources say--in part because Yahoo's business continues to deteriorate.

We strongly believe that Jerry Yang and Yahoo could have reached a deal with Microsoft at $34-$35 in mid-Febrary if they had not been so dead-set against the idea. Even with a Google search deal all but confirmed, the stock closed this evening at $23.50.

Subscribe to SAI: RSS, email newsletter (no spam)

Share:

< Prev. Story

Next Story >

29 Comments

pasan said:

Jun. 12, 4:29 PM

You have to give Ballmer credit here. They are playing this really well and will eventually own this company at some price. The latest news tells me that they are willing to let this play out for a long time before making the final play.

Dave said:

Jun. 12, 4:35 PM

The value destruction at YHOO is just mind boggling. And for the record, I sold my shares at just over $29 a few months ago, booya!

usbworks said:

Jun. 12, 4:37 PM

@pasan: Dream on...

Have IQ's dropped or don't people understand "We're not interested in buying all of Yahoo."

How many times does Microsoft have to say it?

Has anyone else wanted to buy Yahoo at any price?

This whole deal is like a bad car accident.

Now move along...

temporal said:

Jun. 12, 4:39 PM

I think in all this rigmarole it looks like Yahoo has been more credible all the way. If Ballmer had made a good faith bid of $33, he would have taken the yahoo offer. It is unlikely MSFT made the bid based on business conditions on May 3rd without considering the possibility of any near term deterioration - we are not talking about a 'day trader' here!

Let the countdown begin on Ballmer!

VR said:

Jun. 12, 4:43 PM

If MSFT's breakup/search-only deal is worth more than $33 to Yahoo shareholders, why isn't it viable?

b.baggins said:

Jun. 12, 4:46 PM

psst.

psst.

this is all a ploy to get icahn to dump before the meeting. no google deal announcement.

Victor said:

Jun. 12, 4:47 PM

PLEASE. The deal could not have been worth more than $33, although that's the way Ballmer would like to paint it. Firstly there were no guarantees when they were paying with depreciating msft stock. Secondly there was no way Yahoo was going to let Microsoft gut the company for less than the price at which they could sell to Microsoft.

These guys are all clowns. The only one who comes out of this without a massive cartoon of eggs on his face is Eric Schmidt.

Rav (URL) said:

Jun. 12, 4:49 PM

@temporal

Very good observation. As Yang said earlier, MSFT didn't specify clearly what they mean by $33 offer. I'm sure YHOO BOD offered to agree to $33 last weekend, with the valuation guarantees. MSFT must have balked at those and walked. This would be very useful for YHOO BOD, when they defend their actions in court. They can just say, "Ballmer Balked and Walked"!!

michael said:

Jun. 12, 4:55 PM

Like I've said on this forum multiple times, Jerry is only using Google as a smokescreen. If not, he would have pulled the trigger already. It's nice to see that Henry has seen the light about Jerry and his antics. Now, if we can get Carl to again force the issue - we may see some shareholder value. With Jerry Yang in control, there is absolutely nothing. He doesn't know how to run a company, no-less the entire BOD. He should resign in disgrace for the sake of his beloved Yahoo. Do the deal, or sell to MS (all, or in pieces)

Henry Blodget said:

Jun. 12, 5:00 PM

Agree re $33+ for this three-part deal. Value in the eye of the beholder. Yahoo's mistake was not taking the $34-$35 they could have had in Feb.

Sprague D (URL) said:

Jun. 12, 5:03 PM

Maybe I'm missing something obvious, but -- if YHOO is dropping like a rock prior to the annual meeting -- why wouldn't Icahn buy *more*? Wouldn't it strengthen his position?

toney baloney said:

Jun. 12, 5:07 PM

Good for Ballmer. As predicted by many (who saw the MSFT bid for the godsend it was), he will be able to name his price, if he cares to, in 6 or more months. Unfortunately, I am moronic enough to hold a sizable YHOO long position.

Victor said:

Jun. 12, 5:12 PM

Yup, you're spot on Henry, Yahoo made two massive mistake: Semel saying no at $40. Yang saying no at $33.

As a bonus mistake: Yahoo should never have hired Terry Semel. They guy didn't even know how to use email!

http://www.techcrunch.com/2008/06/12/yahoo-losing-two-more/

Tech crunch is reporting that things are falling apart at Yahoo. They broke the story about a goog-yhoo deal at 1:30.

Where is it Henry?

Rav (URL) said:

Jun. 12, 5:31 PM

@Victor - I don't think Yang said no to $33. Yang countered $33 by $37 and was probably expecting Ballmer to come back at $35. In fact Ballmer pulled a fast one on Yang and immediately pretended to walk out of the deal. He never tried to negotiate beyond the verbal offer of $33 without any details. You can't call this a mistake because even other big shareholders like Miller were expecting around ~$35 as a reward for holding YHOO for several years. MSFT played the same kind of trick again this weekend. They don't seem to have a sense of urgency or a sense of direction. In the process both MSFT and YHOO are getting weaker and GOOG is getting stronger every day. Not that there is anything wrong with it. :-)

Remember Terry Semel tried to buy facebook for 1B$ and then changed the price to 800M$ at the last moment. MSFT is trying to do the same with YHOO. But they fail to realize that Yang is not desperate and the GOOG boys are his buddies. So he won't stab them in the back, unless the MSFT offer is really really good...

temporal said:

Jun. 12, 5:32 PM

On the day the deal was announced I was of the belief that the deal would finally be consummated at around $35-37. I absolutely did not count on the level of irrationality among the YHOO execs - figured the independent directors would bring in some rationality to the equation.

That being said, I don't thing MSFT execs did themselves any favor by taking a bullying tone right from the beginning - If they thought YHOO was strategically important they should have been a little more savvy in their dealings earlier on.

Nevertheless, the whole process has hopefully lit a fire under YHOO's a$$ and if they can stop the bleeding with all the execs jumping ship, YHOO shareholder might see a better day!

As for MSFT, if Ballmer can stop thinking about building an empire - I think he can get this deal done. Like Henry as mentioned several times here - the best possible deal would be to merge the MSFT's online business with Yahoo with MSFT as a majority shareholder. But alas, the ego maniacs could not see a 'good deal' if it hit them on their face!

aruna said:

Jun. 12, 6:00 PM

Hi:

I did not expect this. I thought some sort of deal will happen between msft and yahoo. Any one has a guess for the stock price once the goog deal is announced?

Sprague D (URL) said:

Jun. 12, 6:20 PM

From MS press release today:

"As stated on May 3rd and reiterated on May 18th Microsoft was not interested in rebidding for all of Yahoo!. Our alternative transaction remains available for discussion."

Isn't that a cue to Icahn to pursue his plan to remove YHOO leadership?

bbaggins said:

Jun. 12, 6:34 PM

877-391-6847 (reservation number 70308474#

6:30pm est

joeblow said:

Jun. 12, 6:39 PM

I'll observe once more:

Were Icahn to right about now decide to hire a hit man... it'd take him a while just to figure out what address to give him.

debbie said:

Jun. 12, 6:58 PM

You've got to think we have the makings of a monopoly here (Google). How Yahoo can view Microsoft as less attractive partner than Goolge, their #1 competitor, is beyond me. Yahoo I think as a company is finished now. They've really tarnished their brand beyond recognition.

Alex Schleber (URL) said:

Jun. 12, 7:10 PM

@Rav said: "... But they fail to realize that Yang is not desperate and the GOOG boys are his buddies."

You are right, NOW, after all of this maneuvering, GOOG strangely enough are his buddies.

If Jerry plays it right, he can use the newly arriving cash flow to innovate/compete in earnest. Of course that's going to require kicking everyone at Yahoo in their collective behinds and restructuring/flattening for more HUNGER.

Nothing is guaranteed, but in the meantime, MSFT has got nothing to work with. Then again, maybe they never did. As I said in another comment here today:

"You see, entrepreneurship is fundamentally concerned with arbitrage, that is, putting resources towards their highest and best uses. And combining MSFT’s money and inferior technology together with Yahoo’s inferior technology and user eyeballs does NOT a winning combination make. Period.

If you combine money with eye-balls, what have you got? A waste of $ and a combinatory nightmare."

Cheers!

Walt French said:

Jun. 14, 7:37 PM

Hate to break my own rule ("never attribute to malice that which can be explained by simple incompetence.")

But this whole story has played out almost exactly as if MSFT had wanted to mess w/ YHOO, possibly damaging it so badly in the process that they could pick up the pieces for nothing. ... Or to not HAVE to pick up the pieces, merely welcome all the ex-Yahoo users to MSN.

So Google gets a few more ad links? Really, Microsoft knows that there was no stopping that juggernaut anyway. And their lobbyists can ensure that the Senate does their bidding, keeping a direct deal from being done. (That's one of the problems with the do-nothing administration we have -- it encourages politicians to pretend that they understand the administration of good government.)

jeff said:

Sep. 11, 1:12 AM

mp4 converter for mac allow you to trim videos, crop videos and apply special effects to videos.

selamler (URL) said:

Sep. 11, 11:13 PM

sohbet chat sohbet chat çet sohbet chat özcan sarıca ile kurtlar vadisi pusu 3.sezon 1.seo yarışması aytug akdogan ödüllü 1. seo yarışması ve yurtta barış dünyada barış sesli chat sesli sohbet sesli görüntülü chat görüntülü sohbet kameralı sohbet kameralı chat bayan arkadaş görüntülü çet sesli muhabbet kızlarla sohbet kızlarla chat kameralı çet kameralı sohpet kızlarla çet chat gizli kamera güvenlik sistemleri kamera güvenlik kamerası cilt bakımı cilt bakım ürünleri ıslak mendil kolonyalı mendil kolonyalı mendil güvenlik kamerası gizli kamera kamera canlı sohbet sohpet sohbet sesli sesli chat sesli sohbet kameralı sohbet kameralı chat görüntülü chat görüntülü sohbet bayanlarla sohbet sesli muhabbet bayanlarla chat kızlarla sohbet bayan arkadaş görüntülü çet sesli çet sesli sohpet seslichat sesliçet kameralı sohpet kameralı çet kızlarla sohpet kızlarla çet sesli sohbet sesli sohbet sesli sohbet sesli chat sesli chat chat çet ek iş ek gelir mirc avşa adası avşa avşa adası avşa tatil tatil köyleri "Trkycmhrytllbtpydrklcktr" Trkycmhrytllbtpydrklcktr Trkycmhrytllbtpydrklcktr "Trkycmhrytllbtpydrklcktr" "Trkycmhrytllbtpydrklcktr" Trkycmhrytllbtpydrklcktr özcan sarıca ile kurtlar vadisi pusu 3.sezon 1.seo yarışması özcan sarıca ile kurtlar vadisi pusu 3.sezon 1.seo yarışması aytug akdogan ödüllü 1. seo yarışması ve yurtta barış dünyada barış aytug akdogan ödüllü 1. seo yarışması ve yurtta barış dünyada barış "adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması" adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması "adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması" "adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması" adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması ıslak mendil ıslak mendil kolonyalı mendil kolonyalı mendil paketleme ambalajlama paket web tasarım seo refreshing towel perde tatil kozmetik haber joy türk radyo aşk haber video tatil tekstilkent yabancı personel çalışma izni ikamet tezkeresi teşvik belgesi yabancılar çalışma izni danışmanlık iso 9001 iso 14001 ohsas belgesi yabancı çalışma izinleri teşvik belgesi ilaç ruhsatı turizm belgesi kamera kamera kamera kamera driver perde iso 22000 haccp teşvik belgesi yabancı personel çalışma izinleri kapasite raporu kobi kredisi yurtiçi nakliye iso kalite türkiye iso kalite haccp belgesi ohsas belgesi yabancı sermaye teşvik kredisi teşvik kredisi garanti belgesi turizm belgesi teşvik belgesi yatırım teşvik belgesi iso 9001 belgesi göğüs büyütücü kremler leke giderici kremler bitkisel cilt bakım ürünleri leke giderici ürünler botoks botox güvenlik kamerası güvenlik kamerası güvenlik kamerası güvenlik kamerası gizli kamera gizli kamera gizli kamera gizli kamera perde avsa otelleri istanbul otelleri joyturk iso 22000 haccp kapasite raporu yabanci personel calisma izinleri kobi kredisi kobi kredisi iso kalite iso kalite belgesi haccp belgesi ohsas belgesi yabanci sermaye iso 9001 yatirim tesvik belgesi iso 9001 tesvik belgesi turizm belgesi garanti belgesi tesvik kredisi arazi borsasi arazi bankasi arazi borsasi arsa borsasi arsa borsa avsa dunyasi bitkisel ilac bodrum otelleri boya ustasi boya ustasi bitkisel ilac bitkisel ilac ced raporu degerinde arsa dekorasyoncular dokumculer economy consulting elektrik ustasi emlak bankasi emlak borsasi estetikciler galvaniz kaplama galvaniz kaplama garanti belgesi garanti belgesi gayrimenkul borsasi gayrimenkul ikamet tezkeresi iso 2200 haccp iso 2200 haccp iso 2200 haccp iso 2200 haccp iso 2200 haccp iso 2200 haccp istanbul otelleri istanbul otelleri istanbul gayrimenkul ithalat izni kalipcilar kanser ilaci kanser ilaci kapadokya otelleri kapalicarsi borsa kapalicarsi emlakci kaplamaci kaplamaci kaplica otelleri kelepir arsa klima servis klima servisi klimacilar klima klima servisleri kobi kredisi konserveci konserveci konserveci magaza dekorasyon makarna ofis dekorasyon ohsas belgesi/a> otel ekipmanlari oto yan sanayi personel servisleri plastik cerrahi rahim kanseri satilik arsa seker hastaligi sut urunleri tesvik kredisi tesvik belgesi tesvik kredisi turizm belgesi turizm isletme belgesi turkey economy turkey economy consulting unlu mamul unlu mamuller turizm belgesi unlu mamul villa dekorasyon yabanci calisma izni yabancilar calisma izni yapi malzemeleri yatirim tesvik belgesi etiket haccp belgesi haccp belgesi hibe tesvikleri ohsas 18001 ohsas belgesi ohsas belgesi tarim tesvik tesvik tesvik tesvik belgesi tesvik belgesi tesvik belgesi tesvik belgesi tesvik belgesi yatirim tesvik belgesi yuksek tansiyon

sohbet
chat
sohbet
chat
çet
sohbet
chat
özcan sarıca ile kurtlar vadisi pusu 3.sezon 1.seo yarışması
aytug akdogan ödüllü 1. seo yarışması ve yurtta barış dünyada barış
sesli chat
sesli sohbet
sesli
chat
çet
sohbet
görüntülü chat
görüntülü sohbet
kameralı sohbet
kameralı chat
bayan arkadaş
görüntülü çet
sesli muhabbet
kızlarla sohbet
kızlarla chat
kameralı çet
kameralı sohpet
kızlarla çet
chat
gizli kamera
güvenlik sistemleri
kamera
güvenlik kamerası
cilt bakımı
cilt bakım ürünleri
ıslak mendil
kolonyalı mendil
kolonyalı mendil
güvenlik kamerası
gizli kamera
kamera
canlı sohbet
sohpet
sohbet
sesli
sesli chat
sesli sohbet
kameralı sohbet
kameralı chat
görüntülü chat
görüntülü sohbet
bayanlarla sohbet
sesli muhabbet
bayanlarla chat
kızlarla sohbet
bayan arkadaş
görüntülü çet
sesli çet
sesli sohpet
seslichat
sesliçet
kameralı sohpet
kameralı çet
kızlarla sohpet
kızlarla çet
sesli sohbet
sesli sohbet
sesli sohbet
sesli chat
sesli chat
chat
çet
ek iş
ek gelir
mirc
avşa adası
avşa
avşa adası
avşa
tatil
tatil köyleri
"Trkycmhrytllbtpydrklcktr"
Trkycmhrytllbtpydrklcktr
Trkycmhrytllbtpydrklcktr
"Trkycmhrytllbtpydrklcktr"
"Trkycmhrytllbtpydrklcktr"
Trkycmhrytllbtpydrklcktr
özcan sarıca ile kurtlar vadisi pusu 3.sezon 1.seo yarışması
özcan sarıca ile kurtlar vadisi pusu 3.sezon 1.seo yarışması
aytug akdogan ödüllü 1. seo yarışması ve yurtta barış dünyada barış
aytug akdogan ödüllü 1. seo yarışması ve yurtta barış dünyada barış
"adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması"
adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması
adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması
"adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması"
"adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması"
adtech ile reklam 2.0 dönemi başlıyor ve Trkycmhrytllbtpydrklcktr r10.net seo yarışması
ıslak mendil
ıslak mendil
kolonyalı mendil
kolonyalı mendil
paketleme
ambalajlama
paket
web tasarım
seo
refreshing towel
perde
tatil
kozmetik
haber
joy türk
radyo
aşk
haber
video
tatil
bodrum otelleri
antalya otelleri
alanya otelleri
marmaris otelleri
istanbul otelleri otelleri
antalya otelleri
marmaris otelleri
bodrum otelleri
alanya otelleri
fethiye otelleri
fethiye otelleri
kuşadası otelleri
kuşadası otelleri
asos otelleri
oteller rehberi
oteller rehberi
oteller rehberi
tatil koyleri
tatil koyleri
tatil koyleri
kapadokya otelleri
alanya otelleri
tatik koyu
tatil rehberi
edremit pansiyonlari
side pansiyonlari
manavgat pansiyonlari
amasra pansiyonlari
antalya pansiyonlari
alanya pansiyonlari
kapadokya pansiyonlari
kusadasi pansiyonlari
ayvalik pansiyonlari
bozcaada pansiyonlari
avsa pansiyonlari
marmaris pansiyonlari
didim pansiyonlari
efes pansiyonlari
efes sirince pansiyonlari
kemer pansiyonlari
fethiye pansiyonlari
bodrum pansiyonlari
amasra pansiyonlari
kapadokya pansiyonlari
kemer pansiyonlari
manavgat pansiyonlari
side pansiyonlari
fethiye pansiyonlari
didim pansiyonlari
kusadasi pansiyonlari
bodrum pansiyonlari
marmaris pansiyonlari
avsa pansiyonlari
avsa otelleri
avsa adasi pansiyonlari
adiyaman pansiyonlari
kemer pansiyonlari
manavgat pansiyonlari
side pansiyonlari
pamukkale pansiyonlari
amasra pansiyonlari
kapadokya pansiyonlari
istanbul pansiyonlari
ucuz pansiyonlar
fethiye pansiyonlari
didim pansiyonlari
ayvalik pansiyonlari
antalya pansiyonlari
alanya pansiyonlari
kusadasi pansiyonlari
bodrum pansiyonlari
marmaris pansiyonlari
termal otelleri
thermal hotels
termal otel tekstilkent
yabancı personel çalışma izni
ikamet tezkeresi
teşvik belgesi
yabancılar çalışma izni
danışmanlık
iso 9001
iso 14001
ohsas belgesi
yabancı çalışma izinleri
teşvik belgesi
ilaç ruhsatı
turizm belgesi
kamera
kamera
kamera
kamera
driver
perde
iso 22000 haccp
teşvik belgesi
yabancı personel çalışma izinleri
kapasite raporu
kobi kredisi
yurtiçi nakliye
iso kalite türkiye
iso kalite
haccp belgesi
ohsas belgesi
yabancı sermaye
teşvik kredisi
teşvik kredisi
garanti belgesi
turizm belgesi
teşvik belgesi
yatırım teşvik belgesi
iso 9001 belgesi
göğüs büyütücü kremler
leke giderici kremler
bitkisel cilt bakım ürünleri
leke giderici ürünler
botoks
botox
tatil
güvenlik kamerası
güvenlik kamerası
güvenlik kamerası
güvenlik kamerası
gizli kamera
gizli kamera
gizli kamera
gizli kamera
perde
sesli sohbet
sesli chat
sesli sohbet
sesli sohbet
avsa otelleri
istanbul otelleri
joyturk
iso 22000 haccp
kapasite raporu
yabanci personel calisma izinleri
kobi kredisi
kobi kredisi
iso kalite
iso kalite belgesi
haccp belgesi
ohsas belgesi
yabanci sermaye
iso 9001
yatirim tesvik belgesi
iso 9001
tesvik belgesi
turizm belgesi
garanti belgesi
tesvik kredisi
arazi borsasi
arazi bankasi
arazi borsasi
arsa borsasi
arsa borsa
avsa dunyasi
bitkisel ilac
bodrum otelleri
boya ustasi
boya ustasi
bitkisel ilac
bitkisel ilac
ced raporu
degerinde arsa
dekorasyoncular
dokumculer
economy consulting
elektrik ustasi
emlak bankasi
emlak borsasi
estetikciler
galvaniz kaplama
galvaniz kaplama
garanti belgesi
garanti belgesi
gayrimenkul borsasi
gayrimenkul
ikamet tezkeresi
iso 2200 haccp
iso 2200 haccp
iso 2200 haccp
iso 2200 haccp
iso 2200 haccp
iso 2200 haccp
istanbul otelleri
istanbul otelleri
istanbul gayrimenkul
ithalat izni
kalipcilar
kanser ilaci
kanser ilaci
kapadokya otelleri
kapalicarsi borsa
kapalicarsi emlakci
kaplamaci
kaplamaci
kaplica otelleri
kelepir arsa
klima servis
klima servisi
klimacilar
klima
klima servisleri
kobi kredisi
konserveci
konserveci
konserveci
magaza dekorasyon
makarna
ofis dekorasyon
ohsas belgesi/a>
otel ekipmanlari
oto yan sanayi
personel servisleri
plastik cerrahi
rahim kanseri
satilik arsa
seker hastaligi
sut urunleri
tesvik kredisi
tesvik belgesi
tesvik kredisi
turizm belgesi
turizm isletme belgesi
turkey economy
turkey economy consulting
unlu mamul
unlu mamuller
turizm belgesi
unlu mamul
villa dekorasyon
yabanci calisma izni
yabancilar calisma izni
yapi malzemeleri
yatirim tesvik belgesi
etiket
haccp belgesi
haccp belgesi
hibe tesvikleri
ohsas 18001
ohsas belgesi
ohsas belgesi
tarim tesvik
tesvik
tesvik
tesvik belgesi
tesvik belgesi
tesvik belgesi
tesvik belgesi
tesvik belgesi
yatirim tesvik belgesi
yuksek tansiyon

Eric L. Prentis said:

Sep. 22, 3:47 AM

With this easy-to-use m2v converter is designed to meet all your needs of converting M2V video format to other common formats
video joiner for mac can Join multiple videos of same or different format and save it as single video.

Sesli Chat (URL) said:

Oct. 02, 4:01 AM

Sesli Chat
Sesli Chat
Sesli Sohbet
SesliSohbet
Kameralı Sohbet
Kameralı chat
Görüntülü sohbet
Görüntülü chat
Sesli Chat
Kameralı Sesli Chat
Sesli Chat Siteleri
Sesli Sohbet
Sesli Chat
Sesli Chat
Kameralı Chat
Sohbet
Sesli Chat paneli
Kameralı Sohbet,
görüntülü chat,
kameralı chat,
video chat,
görüntülü chat programı,
Kameralı chat programı,
live chat,
yazılı chat,
canlı chat,
camera chat
Sohbetetikla.com
Gelin Bura
Tirtikla Bura
TIRTIKLA
TIRTIKLA Sitemap
Kameralı chat
Sesli Sohbet
SesliSohbet
SpeakyChat Odaları
Sesli Chat panelleri
kameralı sohbet
kameralı chat
Sesli Sohbet
Sesli Sohbet
Sesli Sohbet
Sesli Sohbet
Sesli Sohbet
Sesli Chat
Sesli Chat
Sesli Chat
Sesli Chat
Sesli Chat
SohbeteTıkla
Tırtıkla
SesliŞehir
Sesli sohbet Siteleri