Yahoo / Microsoft: Not Yet - Deal Delayed

(Wednesday, 6:30PM ET) CFO Tim Morse just finished up his presentation here at the Yahoo Analyst Conference, and of course, he presented some details of the timeline of the Yahoo -Microsoft Bing deal. Bottom line: the clock hasn’t even started yet, and it’s going to take years before the benefits of this deal actually come to pass. It’s a long-term strategy, not a short-term play.

And right after that presentation, Carol Bartz dropped a bit of a bomb. The YHOO-MSFT deal was supposed to close last night at midnight. It didn’t. Instead, the two companies filed a form 8K with the SEC about 10 minutes ago to extend the deadline.

This isn’t a big deal and shouldn’t affect the regulatory approval timeline (although it can’t help), but it does show how hard it is to get a big complex deal like this done.

Comments

[Steven Francis:]

It will be the biggest deal in the history so it will be time consuming. Moreover it will change the face of the world internet. In history one such event was when Google bought Urchin software in 2005. Though the deal amount was very less as compared to YHOO-MSFT but it is historic as Google changed the scenario of World Wide Web by launching the service free of cost.

Oct 29 02:18 AM

[Tom B:]

Carl: good to hear from you.

I am VERY disappointed with Bartz; she should step down. I was initially impressed with her resume, but anyone who willingly enters big deal with MSFT is an idiot.

Oct 29 07:53 AM