The Redmond giant will make a huge investment in the sector of Internet searches to compete against Google, even though his attempt to buy Yahoo ends in failure, as announced by company chairman Bill Gates. Microsoft needs a larger share of the market to create a search business more competitive and profitable.
Gates, who described the offer by Yahoo as "very fair", said Google was the only company with a "critical mass" in online search.
"We can afford to make large investments in engineering and marketing necessary. We'll do it with or without Yahoo," Gates said in an interview with Reuters.
"But we also see that we will reach that point faster if the great engineering work and brilliant Yahoo engineers were part of the effort, "said Gates, who is the biggest shareholder in Microsoft (MSFT.NQMICROSOFT
28.17 -0.88% -0.25
Last noticiaMicrosoft to Authorize Yahoo proxy battle: report summary View more news profile Historical charts).
In neutral
The two companies are at a standstill after Microsoft's unsolicited bid to acquire Yahoo, worth 28,410 million euros. Microsoft has offered to acquire Yahoo paid $ 31 a share, a offer which Yahoo's board rejected on the grounds that undervalues \u200b\u200byour company.
Microsoft responded by saying the offer was "full and fair ", but did not say what he thought to do next. Analysts expect Microsoft to sweeten its offer, perhaps even $ 35 per share.
" There is nothing new about the process. We sent our letter and we insisted that we consider it a very fair offer, "said Gates, who remains the public face of Microsoft although it plans to move to a more discreet role in June, dedicating a part-time to company to focus on his philanthropic projects.
Source eleconomista.es
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Gates, who described the offer by Yahoo as "very fair", said Google was the only company with a "critical mass" in online search.
"We can afford to make large investments in engineering and marketing necessary. We'll do it with or without Yahoo," Gates said in an interview with Reuters.
"But we also see that we will reach that point faster if the great engineering work and brilliant Yahoo engineers were part of the effort, "said Gates, who is the biggest shareholder in Microsoft (MSFT.NQMICROSOFT
28.17 -0.88% -0.25
Last noticiaMicrosoft to Authorize Yahoo proxy battle: report summary View more news profile Historical charts).
In neutral
The two companies are at a standstill after Microsoft's unsolicited bid to acquire Yahoo, worth 28,410 million euros. Microsoft has offered to acquire Yahoo paid $ 31 a share, a offer which Yahoo's board rejected on the grounds that undervalues \u200b\u200byour company.
Microsoft responded by saying the offer was "full and fair ", but did not say what he thought to do next. Analysts expect Microsoft to sweeten its offer, perhaps even $ 35 per share.
" There is nothing new about the process. We sent our letter and we insisted that we consider it a very fair offer, "said Gates, who remains the public face of Microsoft although it plans to move to a more discreet role in June, dedicating a part-time to company to focus on his philanthropic projects.
Source eleconomista.es
Peru Blogs Tags: microsoft + yahoo you news + technology + the + day
Blogalaxia Tags: microsoft + yahoo news + you + to + technology day
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