Takeover Bid

  • Who would have been Satyam's best fit? Experts debate April 13, 2009

    Tech Mahindra has won the bid for Satyam Computer Services. As Satyam's bidding process was gathering steam, experts analysed who would have been the best fit for Satyam. Who would have been the best fit? Senior Analyst at Forrester, Sudin Apte, believes that L&T would have been a...
  • Is Tech Mahindra best Satyam suitor? Experts react April 13, 2009

    Tech Mahindra finally emerged as the winner to take over crisis-ridden Satyam Computer Services. Reacting to the news of Tech Mahindra winning the Satyam bid, Som Mittal of industry body National Association of Software and Services Companies (NASSCOM) said the deal was synergistic for both companies. "All three bidders were...
  • Now a Yahoo bid from former AOL CEO December 3, 2008

    New York: After a failed take-over bid by Microsoft and a partial technical collaboration with competitor Google, a former AOL chief, Jonathan Miller, is now eyeing to take over Yahoo Inc, which runs the popular internet search engine and website by the same name. The Wall Street Journal reported that Miller,...
  • Confusion clouds possible Yahoo-Microsoft talks June 25, 2008

    San Francisco: Talks between Yahoo and Microsoft appear to have resumed but there was widespread confusion Tuesday about whether the companies are trying to resurrect a buyout deal, or are focused on a more limited pact that could see Microsoft buy Yahoo's search business for an estimated $1 billion. Quoting multiple...
  • Microsoft's board fails to decide on Yahoo May 1, 2008

    Seattle: Microsoft Corporation's board met on Wednesday to discuss its stand-off with Yahoo Inc over its $41.8 billion takeover bid, but failed to reach a decision on what to do next, according to a Wall Street Journal report. Microsoft's board of directors is still weighing whether to adopt a hostile...
  • Bill Gates vows fight to finish with Google February 19, 2008

    Seattle: Microsoft Corp plans to invest heavily in Web search to compete against Google Inc, even if it fails to acquire Yahoo Inc, the company's chairman Bill Gates said on Monday. Gates, who called Microsoft's offer for Yahoo 'very fair', said Google is the only company with "critical mass" in Web...
  • Now, Rupert Murdoch eyes Yahoo! February 14, 2008

    London: Media baron Rupert Murdoch is reportedly in talks with Internet major Yahoo! to merge with his MySpace online social networking site. Murdoch's audacious move is aimed at scuppering Microsoft's attempt to buy the Yahoo!, says The Telegraph. The two sides are also in discussions about merging Yahoo with News Corporation's...
  • Yahoo rejects Microsoft's bid as too low February 11, 2008

    New York: Yahoo Inc on Monday rejected Microsoft Corp's unsolicited takeover bid, currently valued at $42 billion, as too low, saying its board had unanimously concluded it was not in the best interests of shareholders. In a statement, Yahoo said the offer "substantially undervalues" the company. Microsoft made the half-stock,...
  • Yahoo set to spurn Microsoft, may turn suitor for AOL February 11, 2008

    London: Leading Internet firm Yahoo! is seeking to restart merger talks with Time Warner-owned AOL to defend itself against the $44.6-billion takeover bid by Microsoft, British media said on Monday. Wall Street analysts, however, expect Microsoft to raise its bid as the Internet giant desperately wants Yahoo's Internet advertising abilities and...
  • Why Microsoft wants Yahoo so desperately February 6, 2008

    San Francisco: Business software units of Yahoo Inc and Google Inc are introducing beefed-up versions of their web-based software that compete with Microsoft Outlook, offering yet another clue why Microsoft Corp made a $45 billion unsolicited bid for Yahoo. While Microsoft views Yahoo as its path into the lucrative web advertising...
  • Google logs on to Yahoo fray to thwart MSN deal February 5, 2008

    New York: Online search giant Google has come out openly against Microsoft's $45-billion takeover bid for Yahoo, terming the deal as a threat to openness of the Internet. Google's Chief Legal Officer and Senior Vice-President (Corporate Development) David Drummond said in a statement that "openness of the Internet is what made...
  • Why Microsoft is trying to force Yahoo into shotgun marriage February 3, 2008

    San Francisco: Unable to topple Google Inc on its own, Microsoft Corp is trying to force crippled rival Yahoo Inc into a shotgun marriage, with a wager worth nearly $42 billion that the two companies together will have a better chance of tackling the Internet search leader. Microsoft's audacious attempt to...
  • Yahoo has 'poison pill' ready against Microsoft February 2, 2008

    New York: Yahoo Inc has some defense at its disposal should Microsoft Corp's unsolicited $44.6 billion bid turn hostile, as the Internet company adopted a poison pill in 2001. Poison pills are defense mechanisms companies put in place to fend off unwanted takeovers, typically working by giving shareholders the ability to...
  • Yahoo-Microsoft dalliance gives India job-cut jitters February 2, 2008

    New Delhi: Global technology giants Microsoft and Yahoo have remained non-committal on possible job cuts in India after a possible tie-up between the two companies. The merger and acquisition deals between companies present in similar businesses usually leads to job reductions as the companies seek synergies by cutting on jobs and...
  • Mallya wants a stake in SpiceJet too June 20, 2007

    Mumbai: After getting Air Deccan in his kitty, UB Group's Vijay Mallya is now eyeing yet another low-cost carrier, SpiceJet Ltd. SpiceJet is India's second-biggest low-fare carrier and is backed by a Dubai investment fund and a group of investment banks, including Goldman Sachs and HSBC. The airline is reportedly...
  • Tata-Corus deal gets stamp of approval June 20, 2007

    New Delhi: Tata Steel on Wednesday received a thumping vote of confidence for its $12 billion takeover bid for Corus Group Plc, with shareholders having 96 per cent equity in the Anglo-Dutch company voting in support of the deal. The deal is expected to become effective on April 2. The deal is...
  • Race for Corus: bid battle begins June 19, 2007

    New Delhi: The battleground for Corus reaches its finale. Tata Steel and CSN entered the auction ring for the prized trophy amid reports the bid could go as high as $11 billion. The nine-round auction called by the UK takeover panel to decide the winner between the two suitors began at...
  • How the Corus bid will happen June 19, 2007

    Mumbai: Tata Steel’s board meeting on Tuesday, to be chaired by Ratan Tata, is expected to raise the company’s offer for Anglo-Dutch steelmaker Corus above rival bidder Companhia Siderurgica Nacional (CSN) of Brazil. Investment bankers say the Tatas may increase their bid from the last offer they made by 20...
  • Tata, CSN get a deadline for Corus bid December 19, 2006

    London: The UK Takeover Panel on Tuesday stepped into the high-voltage drama over acquisition of Corus, setting a January 30 deadline for revised offers from its two suitors, after which the Anglo-Dutch steelmaker could come under the hammer. The British regulatory body asked the two bidders -- India's Tata Steel and...
  • Corus backs Tata's takeover bid October 19, 2006

    New Delhi: Reports by the Wall Street Journal and Financial Times say the Corus, UK based steel giant, has backed Tata's $9 billion take over bid. According to the Financial Times, the board of Corus, the Anglo-Dutch steel maker, has recommended 5.1 billion pound takeover bid to the shareholders. And the...
  • Indians steel the global show October 18, 2006

    London/New Delhi: Three of the top 10 global steel companies are set to fall into the hands of Indians with the Tata group making an indicative offer of £4.1 billion ($7.6 billion) to take over the Anglo-Dutch firm Corus. This is also the latest salvo by the 138-year-old Tata group -...
  • Tata-Corus deal may face Russian barrier October 18, 2006

    London: Tata Steel, which has offered to buyout Anglo-Dutch steelmaker Corus, could face competition from Russian firms including Severstal, whose counter bid had complicated Mittal Steel's takeover of Arcelor earlier this year. Two Russian steelmakers – Severstal and Novolipetsk – and Brazil's CSN (Companhia SidergicaNacional SA) are said to be mulling...