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World News Atlas    San Francisco Bay Area    Sunnyvale    2008

Sunnyvale, 2008 Timeline Wednesday, August 27     Author
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Summary.     Click for More > Microsoft makes unsolicited $44.6b bid
Feb.1  
  Microsoft has made an aggressive bid to buy struggling behemoth, in hopes that the combined forces would create a formidable competitor Google.    The offer leaves the decision in the hands of Yahoo's board. In making the unsolicited public acquisition offer, MS is hoping to force Yahoo's investors to support the deal as they bemoan a slumping share price. The surprise of...
Feb.4 Google offers to help Yahoo Feb.11   Yahoo officially rejects Microsoft's takeover  Yahoo Inc.'s board is saying that it 'substantially undervalues' the Web portal, but at the same time, left the door open for a counter offer Mar.5 Board meeting postponed to stave off bid Mar.15 Yahoo, Microsoft hold informal talks Apr.5 Microsoft gives Yahoo deadline for deal Apr.9 Google and Yahoo to share web ads Apr.26 Yahoo mum as Microsoft's deadline passes May.3   Microsoft walks away from Yahoo  Microsoft has dropped its 3-month-old bid to buy internet firm because the two sides cannot agree on an acceptable sale price May.15 Icahn Picks 10 Directors May.18 Microsoft gives Yahoo bid another go May.19 2 Shot Dead Outside Strip Club May.22 Yahoo postpones meeting, battle Icahn Jun.4 Investor steps up Yahoo campaign Jun.12   Yahoo-Google agree online ad deal  Yahoo has agreed a deal with Google which will see Yahoo use Google's advertising technology. Google ads will appear alongside Yahoo search ... Jul.9 Flickr turns to Getty to sell photos Jul.13   Yahoo turns down another Microsoft offer  Yahoo rejected an offer to sell its Internet search business to Microsoft. and leave the remainder of the company in control of Carl Icahn Jul.17 CEO Changed as Results Fall Short Jul.19 Board won support of major shareholder Jul.21 Yahoo, Icahn End Proxy Fight Aug. 1 Board Re-Elected Aug. 5 Revised vote reveals disdain for board Aug. 14 Biondi, Chapple new board members



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Details:

Fatal Accident, Major Backup Yahoo expected to cut hundreds of jobs 2 men died after BMW slammed into tree Yahoo to lay off 1,000. Profit Drops 23% Microsoft makes unsolicited $44.6b bid


January 2008 ... more > Top ^

Jan.18  OpenID plan might simplify Web log-ins
Jan.21
Jan.26
Jan.29


February 2008 ... more > Top ^

Feb.1  
  Microsoft has made an aggressive bid to buy struggling behemoth, in hopes that the combined forces would create a formidable competitor Google
 The offer leaves the decision in the hands of Yahoo's board. In making the unsolicited public acquisition offer, MS is hoping to force Yahoo's investors to support the deal as they bemoan a slumping share price. The surprise offer of $31 per share seizes on Yahoo's weakness while Microsoft tries to muscle up in a high-stakes battle with Google likely to define the technology for years to come. Yahoo said it will 'carefully and promptly' study the bid
Feb.3  Critics Question Potential Microsoft-Y Merger Feb.4   Google offers to help Yahoo  Eric Schmidt, Google's CEO, called Yahoo CEO Jerry Yang to offer help, just after Microsoft disclosed its $44.6 billion offer  Microsoft urges to accept bid quickly Feb.5  Yahoo running out of options Feb.9 Yahoo weighs outsourcing ads to Google
 Yahoo Will Reject Microsoft Feb.11   Yahoo officially rejects Microsoft's takeover
  Yahoo Inc.'s board is saying that it 'substantially undervalues' the Web portal, but at the same time, left the door open for a counter offer
Feb.12  Microsoft hints at hostile takeover Feb.13 Yahoo in talks with News Corp. Feb.15  Yahoo laying off 490 workers in California Feb.19  Gates: Microsoft Isn't Raising Yahoo Bid Feb.28  Yahoo calls Microsoft bid a distraction

March 2008 ... more > Top ^

Mar.5   Board meeting postponed to stave off bid  Yahoo has extended the deadline for nominating members to its board, a move that delays Microsoft from trying a hostile takeover Mar.15   Yahoo, Microsoft hold informal talks  Microsoft Corp. executives met with their counterparts to lobby for a friendly merger Mar.18  Report predicts 3 years of success

April 2008 ... more > Top ^

Apr.5  Microsoft May Cut Yahoo Bid   Microsoft gives Yahoo deadline for deal
  The ultimatum, revealed in a letter from CEO Steve Ballmer to Yahoo's board, underscores impatience with the two-month merger saga Apr.7 Yahoo not opposed to deal with Microsoft
 AMD Lowers Sales Outlook, Plans Job Cuts Apr.8 Flickr photo site adds video Apr.9   Google and Yahoo to share web ads  The world's two biggest search engines, have announced a 2 week experiment that will see them share advertising space Apr.11 Fierce battle over Yahoo/Microsoft deal  Chief Technology Officer Resigns Apr.17  1Q Losses Narrows; Sales Slump Apr.22 Earnings slightly exceed expectations Apr.24  Yahoo-Google Alliance Probed Microsoft Won't Increase Bid For Yahoo Apr.26   Yahoo mum as Microsoft's deadline passes  Yahoo Inc. is setting the stage for the next chapter in the three-month standoff of technology titan

May 2008 ... more > Top ^

May.2 Microsoft sweetened bid for Yahoo
May.3   Microsoft walks away from Yahoo
  Microsoft has dropped its 3-month-old bid to buy internet firm because the two sides cannot agree on an acceptable sale price.    CEO Steve Ballmer withdrew the offer in a letter to Yahoo chief executive Jerry Yang. Microsoft had raised its offer from $44.6bn to $47.5bn - $33 per shar...
May.4 CEO on hot seat after rebuffing Microsoft May.5 Shares Plummet After Microsoft Rejection May.13 Icahn considering attempt to oust board May.15   Icahn Picks 10 Directors
  Billionaire investor Carl Icahn officially launched an effort to unseat Yahoo board to pressure to restart merger talks with Microsoft May.17  Investor suit accuses of hiding evidence May.18   Microsoft gives Yahoo bid another go
  Microsoft has made a new, downsized offer to cooperate with the Web portal while leaving the door open to a merger down the road May.19   2 Shot Dead Outside Strip Club Map  Two men were shot and killed in the parking lot from outside of a strip club Brass Rail, one behind the wheel of a car May.21 T. Boone Pickens joins proxy contest May.22   Yahoo postpones meeting, battle Icahn  Yahoo postponed a looming showdown for control of its board, giving itself more time to prepare a defense or negotiate a sale to Microsoft May.31  e-mail security program gains acceptance

June 2008 ... more > Top ^

Jun.2 Documents show Yahoo-Microsoft saga
Jun.4   Investor steps up Yahoo campaign  Outraged by new details about Yahoo efforts to complicate Microsoft takeover bid, Carl Icahn says he believes Yahoo's board will have to be ... Icahn tells board to scrap severance plan Jun.10 Yahoo woos shareholders Jun.12   Yahoo-Google agree online ad deal
  Yahoo has agreed a deal with Google which will see Yahoo use Google's advertising technology. Google ads will appear alongside Yahoo search results.    The agreement with Google could be worth up to $800m in additional revenue every year. Recent Yahoo-Mic...
Jun.17 Shareholder wants to oust 4 from board
Jun.26 Yahoo shakes up management Jun.30 Defense against Icahn taken to investors

July 2008 ... more > Top ^

Jul.1 Google-Yahoo ad deal probed
Jul.2 Microsoft Exploring Partnership For Yahoo Jul.3  Shares soar on new takeover rumor Jul.7 M-soft wants to negotiate with new board Jul.9   Flickr turns to Getty to sell photos  A popular online photo-sharing site is teaming up with Getty Images to offer shutterbugs a chance to turn their hobby into a moneymaker Jul.13   Yahoo turns down another Microsoft offer
  Yahoo rejected an offer to sell its Internet search business to Microsoft. and leave the remainder of the company in control of Carl Icahn.    The complex deal would have meant a major dismantling of Yahoo; the sale of its coveted search e...
Jul.17   CEO Changed as Results Fall Short
  Hector Ruiz was pushed aside after six tumultuous years as CEO, as the chip maker tries to pull itself out of a deep financial hole Jul.19   Board won support of major shareholder  The board won the support of Legg Mason Inc.'s Capital Management unit, providing a much-needed boost to fend off shakeup by Icahn Jul.21   Yahoo, Icahn End Proxy Fight  Yahoo is giving billionaire investor and 2 of his nominees seats on an expanded board, ending a high profile-fight for control of the Web po... Jul.23  CEO Upbeat Despite 2Q Results Jul. 29 Pickens Rips Yahoo Honchos Jul. 31 Company punished for unpaid rebates

August 2008 ... more > Top ^

Aug. 1   Board Re-Elected
  Leadership faced only a smattering of criticism at the annual meeting today over their handling of a failed Microsoft takeover bid Aug. 5   Revised vote reveals disdain for board  Yahoo has revised the results of a closely watched shareholder vote on its much-maligned board after discovering an error by a tabulation fi... Aug. 14   Biondi, Chapple new board members  Yahoo will add the former chief executives of Viacom and Nextel Partners to its board of directors as part of the company's deal