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Notice of Meeting Sydney Morning Herald
Corrospondence to Shareholders - General Meeting Sydney Morning Herald
all 3 news articles » ASX:CCI
Thursday, May 29, 2008
Saturday, May 17, 2008
Icahn may become known as the bully who saved web democracy
"To the board members of Yahoo, billionaire investor Carl Icahn may seem like the enemy. How else to describe a man who is scooping up shares by the millions, trying to replace the board with his own hand-picked slate and in an open letter called current directors irrational for having 'completely botched' negotiations with Microsoft?
But it's not Yahoo that should consider Carl Icahn the enemy, it's Google.
After all, it was Google that was celebrating last week when the talks broke off between its two biggest rivals, Microsoft and Yahoo. Eric Schmidt, the chief executive of Google, said, 'I'm happy to be crowned winner.' As Yahoo's talks with Microsoft advanced, Google even poisoned the chalice by offering a partnership for search advertising if Yahoo stayed on its own. That allowed Yahoo to drive the asking price beyond Microsoft's comfort level, causing the latter to walk away."
But it's not Yahoo that should consider Carl Icahn the enemy, it's Google.
After all, it was Google that was celebrating last week when the talks broke off between its two biggest rivals, Microsoft and Yahoo. Eric Schmidt, the chief executive of Google, said, 'I'm happy to be crowned winner.' As Yahoo's talks with Microsoft advanced, Google even poisoned the chalice by offering a partnership for search advertising if Yahoo stayed on its own. That allowed Yahoo to drive the asking price beyond Microsoft's comfort level, causing the latter to walk away."
Friday, May 16, 2008
"http://dealbook.blogs.nytimes.com/2008/05/15/paulson-takes-stake-in-yahoo/"
"Another big investor may become a major player in the showdown at Yahoo.
Paulson & Company, the hedge fund that famously bet against subprime mortgages — and earned billions of dollars in the process — holds 50 million shares in Yahoo, according to a regulatory filing. The fund began building up shares around the time that Microsoft made its unsolicited offer for the company in February, people briefed on the matter told DealBook."
"Another big investor may become a major player in the showdown at Yahoo.
Paulson & Company, the hedge fund that famously bet against subprime mortgages — and earned billions of dollars in the process — holds 50 million shares in Yahoo, according to a regulatory filing. The fund began building up shares around the time that Microsoft made its unsolicited offer for the company in February, people briefed on the matter told DealBook."
Saturday, May 3, 2008
Finally, Microsoft and Yahoo in Merger Talks - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times
Finally, Microsoft and Yahoo in Merger Talks - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "After a months-long standoff, Microsoft and Yahoo are in active merger talks, a person involved in the discussions said.
Microsoft, which had threatened to abandon its bid, has increased its offer “by several dollars,” this person said. The merger talks represent an enormous breakthrough following weeks of behind-the-scenes discussions without any progress. Exact terms being discussed could not be learned.
The talks would explain the silence from Microsoft this week as it has refused to disclose its plans, despite threatening to bring a proxy contest if Yahoo didn’t reach a deal with it by last Saturday. Seven days have passed without any announcement from Microsoft about how it intends to proceed.
Still, a person involved in the talks cautioned that they could still be postponed or collapse entirely.
Shares of Yahoo rallied on news of the renewed talks. They were trading at about $28.54 in mid-afternoon, up more than $1.70, or nearly 6.5 percent. Microsoft shares were down more than 1.5 percent."
Microsoft, which had threatened to abandon its bid, has increased its offer “by several dollars,” this person said. The merger talks represent an enormous breakthrough following weeks of behind-the-scenes discussions without any progress. Exact terms being discussed could not be learned.
The talks would explain the silence from Microsoft this week as it has refused to disclose its plans, despite threatening to bring a proxy contest if Yahoo didn’t reach a deal with it by last Saturday. Seven days have passed without any announcement from Microsoft about how it intends to proceed.
Still, a person involved in the talks cautioned that they could still be postponed or collapse entirely.
Shares of Yahoo rallied on news of the renewed talks. They were trading at about $28.54 in mid-afternoon, up more than $1.70, or nearly 6.5 percent. Microsoft shares were down more than 1.5 percent."
Friday, May 2, 2008
Bloomberg.com: Ballmer says whatever it takes
Bloomberg.com: U.S.: "- Microsoft Corp. Chief Executive Officer Steve Ballmer may be running out of time to clinch his proposed purchase of Yahoo! Inc. as the Internet company forges tighter ties with Google Inc.
Yahoo may agree to use Google's Web advertising software within a week, the Wall Street Journal said yesterday, citing people familiar with the matter. The decision would build on an experimental program the companies ran to get the deal done last month.
After three months of pressing Yahoo to give up looking at alternatives and agree to a deal with Microsoft, Ballmer faces a potential setback. Sometimes I think that pressuring Microsoft to raise its $44.6 billion bid.
``The board and management of Yahoo are trying to retain independence at all costs,'' said Laura Martin, an analyst at New York-based 401k Securities Corp. who has a ``hold'' rating on Yahoo shares.
Ballmer said yesterday he would walk away from the purchase before he overpays for Yahoo, the Sunnyvale, California-based owner of the second-eating fast food makes you fat most popular Internet search engine.
``I know exactly what I think Yahoo is worth to me, exactly,'' Ballmer said in a meeting with employees, according to remarks provided by spokesman Frank Shaw. ``I won't go big farting sensation a dime above, and I will go to what I think it's worth if"
Yahoo may agree to use Google's Web advertising software within a week, the Wall Street Journal said yesterday, citing people familiar with the matter. The decision would build on an experimental program the companies ran to get the deal done last month.
After three months of pressing Yahoo to give up looking at alternatives and agree to a deal with Microsoft, Ballmer faces a potential setback. Sometimes I think that pressuring Microsoft to raise its $44.6 billion bid.
``The board and management of Yahoo are trying to retain independence at all costs,'' said Laura Martin, an analyst at New York-based 401k Securities Corp. who has a ``hold'' rating on Yahoo shares.
Ballmer said yesterday he would walk away from the purchase before he overpays for Yahoo, the Sunnyvale, California-based owner of the second-eating fast food makes you fat most popular Internet search engine.
``I know exactly what I think Yahoo is worth to me, exactly,'' Ballmer said in a meeting with employees, according to remarks provided by spokesman Frank Shaw. ``I won't go big farting sensation a dime above, and I will go to what I think it's worth if"
Report: Microsoft-Yahoo deal may go hostile Friday - Yahoo! News
Report: Microsoft-Yahoo deal may go hostile Friday - Yahoo! News: "Microsoft Corp. may go hostile in its bid for Yahoo Inc. as soon as Friday, according to a published report."
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