Archive for February 1st, 2008

Its an aquisiton kind of day

Friday, February 1st, 2008

 This was on Apple insider yesterday

AppleInsider | Amazon to acquire Audible for $300 million
In a bid to bolster its status as a premier distributor of digital content, online mega-retailer Amazon.com said Thursday it has reached an agreement to acquire spoken content provider and Apple iTunes partner Audible.com.

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Under the terms of the agreement, Amazon.com will commence a cash tender offer to purchase all of the outstanding shares of Audible.com for $11.50 per share, or a 23 percent premium from their closing price of $9.33 on Wednesday.

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Microsoft makes a bid for Yahoo!

Friday, February 1st, 2008

Microsoft offers $44.6 bln for Yahoo; targets ‘dominant player’ - MarketWatch
WASHINGTON (MarketWatch) — Microsoft Corp. on Friday offered to buy search-engine operator Yahoo Inc. for $31 a share, or $44.6 billion, in an effort to better compete with online-advertising juggernaut Google Inc.

The article goes on to say that the point of the offer is so the MSFT can compete with Google.  Which makes sense, Yahoo! has been losing share price, just posted a quarterly loss, a announced layoffs, making it vulnerable to a take over bid.

Lots of times these deals are more trouble than they are worth, thins AOL(link) and Time Warner, HP and Compaq. Time will tell.

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