Roger Ehrenberg

Microsoft/Yahoo Deal: It's Time to Get Serious, Steve

I wholly agree that this deal is stupid from MSFT's perspective. But there are two issues at hand: (1) whether the deal makes sense (it does not); and (2) how to execute the deal, regardless of its stupidity. I have clearly posted on 1 (the ill-logic of the deal), and 2 (that MSFT should stick to their guns and announce a tender offer, and, in fact, should have done this after YHOO's initial reluctance to negotiate). But yes, MSFT paying a larger dividend sure would make a lot of sense than sqandering shareholders' billions on ill-fated projects and acquisitions.