The merger proposal may be history, but company name combination is going to echo for a while, as pundits perform their own postmortems to decide who was the biggest loser.
The increased offer apparently wasn't enough to make the deal worthwhile for Yahoo.
A source close to the negotiations described a situation that suggests
When asked by Microsoft CEO Steve Ballmer where Yahoo stood on a takeover price, Yahoo executives responded that they didn't really have one.
"From the beginning of this process, our independent board and our management have been steadfast in our belief that Microsoft's offer undervalued the company, and we are pleased that so many of our shareholders joined us in expressing that view,"
Apparently, many Yahoo shareholders disagreed. Even before the markets opened Monday,
Selling their stakes isn't the only avenue for disgruntled shareholders. Yahoo announced that it will hold its annual shareholder meeting on July 3, setting the time clock ticking for
Any shareholders who want to run candidates against Yahoo's nominees for the board will be able to put their names forth to Yahoo's corporate secretary by the close of business on May 15. But proxy solicitors, as well as attorneys who specialize in mergers and acquisitions, say it would be difficult to unseat Yahoo's board with a dissident slate without a firm buyout bid on the table for shareholders to consider.
Microsoft may no longer be breathing down its neck, but Yahoo is still
The Google deal could increase Yahoo's revenue, because Google gets more revenue per click for its ads, but it also could reinforce Google's search ad leadership and make it even harder for Yahoo to catch up with its own Panama system. And although Yahoo thinks that it can address antitrust concerns by employing a system that's open to other ad suppliers as well, regulatory scrutiny is a significant factor.
Wild about WiMax
Sprint Nextel and Clearwire are
Until now, Sprint and Clearwire have been on separate paths to build nationwide broadband wireless networks using WiMax, an Internet Protocol technology that can blanket entire cities and provides more than five times the speed of 3G wireless networks. Now they are joining forces to create a new company that will have access to more wireless spectrum than any other company in the entire country.
The deal to merge Sprint Nextel's WiMax business unit with Clearwire to build a nationwide 4G network is finally complete, but the newly formed company could be
The big questions yet to be answered are whether the new Clearwire will be the company delivering that network and whether WiMax, its technology of choice, will be used to do it.
Copyrights and cash
In a major win for Hollywood studios, a California federal judge has
The studios originally sued TorrentSpy in February 2006, alleging that the site promoted and contributed to online copyright infringement by helping people locate illegally copied films and television shows on the Internet. Last December, a federal judge sided with the MPAA by saying TorrentSpy had destroyed evidence that would make a fair trial possible.
Ira Rothken, a TorrentSpy attorney since 2006, said the judge's decision was an "
"What is really going on here is a Hollywood public-relations stunt," Rothken said. "The reason for the size of the judgment was so a bunch of news organizations would write that 'a $100 million judgment was issued against a bunch of pirates' when, in fact, it was declared against a company with no appreciable assets that has already declared bankruptcy."
According to Rothken, TorrentSpy filed bankruptcy in England last week and is without the ability to pay even a fraction of the $100 million, rendering the judgment's dollar amount meaningless. In March, when TorrentSpy executives shut down the site, they noted that the cost of defending the case was hundreds of thousands of dollars.
Meanwhile, the Recording Industry Association of America
"(Recently), I made a list of the 22 ways to sell music, and 20 of them still require DRM," said David Hughes, who heads up the RIAA's technology unit, during a panel discussion at the Digital Hollywood conference. "Any form of subscription service or limited play-per-view or advertising offer still requires DRM. So DRM is not dead."
Hughes just stated the obvious. DRM still exists; one can find it at iTunes, RealNetworks' Rhapsody, and at free-music service SpiralFrog, just to name a few. But his statement was startling because the top four music labels have seemingly been warming up to unprotected music files.
Grand Theft Auto IV makes a killing
First-week sales of the video game Grand Theft Auto IV
Analysts had expected GTA IV, which has been criticized as excessively violent, to sell 5 million copies during its first two weeks and 9 million copies total. It beat the previous release record, held by Microsoft's Halo 3, which earned $300 million its first week on the market last year.
Although Halo 3 held the all-time entertainment industry record for single-day sales for eight months,
And given how quickly Bungie Studios' Halo 3 was reduced to second place, it stands to reason that even the monstrous pile of cash GTA IV has earned so far--it has already sold more than 6 million copies, Take-Two said--could be left in the shadow of some game already in the pipeline.
Among the games that are set to be released in the next few months that seem like potential contenders: Electronic Arts'
The suit, which was filed in Manhattan federal court, seeks reinstatement of the ads on buses and display spaces, as well as monetary damages of at least $300,000, the reported value of the contract.
Also of note
A new bill in U.S. Congress would