Yahoo Wilts as TechCrunch "Microsoft Takeover!" Sources Sober Up
Anyone else spoken to any Microsoft or Yahoo sources who think the two companies are discussing a full takeover deal? Everyone we've talked to thinks that TechCrunch's sources must have been drunk.
As for the "no talks of any kind" reports, a source familiar with the situation suggests that we ignore those, too. Specifically, the source would not confirm that Microsoft and Yahoo are again discussing a search deal, but the source also wouldn't deny it.
See Also: Microsoft and Yahoo Talking Again: Search Only, Not Buyout




hehateme, your asuming Jerry makes it past Aug. 1.
Likely it was institutional longs (Hedge Funds) who put ICahn up to his mischief. To try to save their errant speculation tails. just a "imho"!
(Not saying there's anything wrong with the post, just interested in the amusement of seeing more direct evidence of this.)
Must be hard to be suffering from "founder-itis" when it's clear the fastest way out of this mess is to get the idiots at the top removed, and fast.
Every blogger on the planet hates the guy and professional discount every word he writes. He is poison. Just look at his staff.
Techcrunch is the joke around the valley.
His ego can be seen from space. I once saw him speak to a small group of people. Maybe 20-25 people. I couldn't get over how much he complimented himself.
His silence is deafening.
[Also, delete this comment and we are done]
TechCrunch said its sources were at Microsoft and Yahoo, so not sure the investment angle applies.
It makes sense for Yahoo to spread the rumor that talks are back on (so the stock pops)--and for Microsoft to deny this (so the stock tanks)--but all we've heard is categorical denials on both sides.
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The most unfortunate thing about all these rumors are that the sources the reporters quote are anonymous and thus protected under freedom of the press provisions of the Bill of Rights of the Constitution.
Freedom of the Press was granted in the Bill of Rights to aid in the protection of human rights from an abusive government, not to slash and burn the property of shareholders regarding matters of no significance whatsover that relate to corporate corruption, illegality, or national or public security. A merger is simply a commercial contractual matter and the leakers of information regarding such should not be granted anonymity. That media is permitted to grant these leakers the status of anonymity is a great form of i-n-j-u-s-t-i-c-e, rather than just the opposite.
Do away with this senseless observation of the protections for mere commercial matters that are in no way related to life, liberty or the preservation of basic human rights, and you'd pretty quickly stop the T-H-E-F-T of property that is the primary motivation of many of these rumors.
In my experience, especially in business, anyone who actually goes on the record has an agenda. Some background sources have an agenda, too, of course, but good journalists will understand that and filter out info that isn't ALSO worth reporting (There's nothing wrong with the source being advancing an agenda if the info is also interesting to readers).
Arrington's people are losers. He is tolerated only because he has an audience on his blog and everyone knows he will publish private emails and false statements for personal gain.
Arrington is dope and a money hungry fool. Recently he started a campaign to disgrace a very professional PR executive. He succeed to hurt this person financially. Arrington is a cyberbully. His blog sucks.
It is being talked about in Silicon Valley that he is under investigation for fraud.
I just don't think the privilege rises to the same level of significance that you do.
According to your theory of the protection of discussions between reporters and insiders, we should both eliminate the Chinese Wall and also allow insiders to discriminate when releasing materially significant shareholder information. Granting anonymity to leakers makes a mockery of both of these rules... and more.
So, either the SEC's charter, its purpose and rules can be ignored... or they can and should be enforced. It's a black and white issue from the perspective of the leaker.
I think what I'm saying is that the press has the right to f-i-n-d things out. I'm not opposed really to that... but this level of insignificance regarding the core reasons for protecting the anonymity of inside commentators is absurd. It'd be the identical thing to allowing a Benedict Arnold to sell out his country under protection of anonymity.
Do you just copy and paste that blurb about anon sources from some folder on your computer or what? Word for word, jb, it is identical to the same thing you said two weeks ago and three months ago and back last winter...could you try mixing it up a little so it's not always the same stock paragraph?
"A merger is simply a commercial contractual matter and the leakers of information regarding such should not be granted anonymity."
Why not? Is your precious Y! stock going to brick on a rumor? If it does - granted, those scenarios can and will occur - is the public really that dumb that the stock will continue to brick for any serious length of time? Do we have to protect your stock by refusing anon sources anonymity? That's your answer? A little repressive, just to protect an investment, are you not?
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Thanks for noticing, MM. It's an important issue with me. What I said won't change and it's unrelated to my current or former position in any stock.
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