Daily Debrief: After Google, what's next for Yahoo?

Tech Industry
[ Music ] ^M00:00:03 >> Earlier today, Google announced its withdrawal from a proposed ad deal with Yahoo leaving Yahoo, well, up a creek without a paddle. Well, Jerry, what now? Welcome to the CNET News Daily Debrief. I'm Charles Cooper here with my colleague Dawn Kawamoto. Briefly Dawn, can you run down why the deal fell apart. >> Well, the DOJ indicated that they were gonna go ahead and block this deal and so Google decided they didn't want a legal fight on their hands and decided to walk. >> Was there any indication that the parties concerned might have been able to negotiate an agreement that would have satisfied the government? >> I think both companies probably had hoped and they were under the impression like they are working towards making some progress. There had been two delays in terms of the extensions getting bumped back at least twice. And so that's an indication there were some, you know movement of foot, but obviously there seems to be something that bugged down from October 21, which was one of the last deadlines that had gotten pushed back. >> This comes at a really tough juncture for Yahoo. The company stock is what trading near its all time low. >> Yes, running its five-year low right now and -- but you know to be, you know fair, I mean the whole market have taken a huge tank... >> True enough, but... >> But, yes. >> Compared that with what late January, early February when Steve Ballmer said, we'll give you $31 a share. >> Right that later got bumped up to 33 and Yahoo countered back with 37 and yes, so their stock is quite a distance from that right now. >> So if not Google, what are Yahoo's options at this point? >> Well it has, you know, three options. One is, you know it can just rely back to its three-year plan to improve its operations and hope that everything kind of comes to forition, which they had initially bled out to investors. They are in continual talks with AOL and whether or not something's gonna happen with that anytime soon as kind of anyone's guess right now. And obviously, there's always Microsoft, you know the white elephant in the room. >> There is Microsoft. >> And so, when... >> If a deal look good at 31 bucks a share, it looks terrific at what $12 -- $13 a share. >> Well, you know of course Yahoo's gonna wanna premium. This is not gonna wanna sell it. It's offered at 66 stock price, so you know maybe some analyst had said maybe $20 a share. You know, so... >> C'mon 20 bucks, it's got a great franchise, but it's lot different from what the market was way back when. >> And the thing is this like, you know -- although, Steve Ballmer had indicated you know that acquiring Yahoo Search business would be good for Yahoo's investors as well as for Microsoft's investors. Whether or not this is gonna kind of eventually lead to anything sometime soon, has yet to be seen, you know, it's been very quiet with it, you know, any kind of sense whether or not Microsoft's gonna come back into the game. >> And Carl Icahn now is on the Board of Directors at Yahoo, so I would love to be a fly on the wall. Thanks Dawn. On behalf of CNET News, I'm Charles Cooper. ^M00:03:12 [ Music ]

Up Next

The Great Apple AI Divide Is Coming
240613-yt-omt-apple-ai-divide-wwdc-v07

Up Next

The Great Apple AI Divide Is Coming

All the Big News from Elon Musk at Tesla's 2024 Annual Shareholder Meeting
elon-1

All the Big News from Elon Musk at Tesla's 2024 Annual Shareholder Meeting

The Big News to Watch for at WWDC
omt-wwdc24-clean

The Big News to Watch for at WWDC

Watch SpaceX's 4th Starship Launch Test
amd-06-june-2024-06-19-13-am-00-00-20-01-still001

Watch SpaceX's 4th Starship Launch Test

EV One-Pedal Driving Explained in the Kia EV9
240604-site-kia-ev-9-one-pedal-drive-explained-2

EV One-Pedal Driving Explained in the Kia EV9

Everything Announced at Intel's Lunar Lake AI Chip Event
240604-site-intel-lunar-lake-chip

Everything Announced at Intel's Lunar Lake AI Chip Event

Watch Everything Announced from AMD Keynote at Computex 2024
amd-02-june-2024-06-45-10-pm-00-00-00-21-still001

Watch Everything Announced from AMD Keynote at Computex 2024

Everything Announced at Microsoft Build 2024
240521-site-microsoft-build-supercut-thumbnail

Everything Announced at Microsoft Build 2024

Everything Announced at Microsoft's Surface Copilot Plus PC Event
microsoft-event-5-20-24-20-may-2024-02-00-39-pm-00-08-21-09-still001

Everything Announced at Microsoft's Surface Copilot Plus PC Event

If Apple Makes Siri Like ChatGPT or Gemini, I'm Done
240516-site-hey-siri-lets-talk

If Apple Makes Siri Like ChatGPT or Gemini, I'm Done

Tech Shows

The Apple Core
apple-core.png

The Apple Core

Alphabet City
alphabet-city.png

Alphabet City

CNET Top 5
top-5.png

CNET Top 5

The Daily Charge
the-daily-charge.png

The Daily Charge

What the Future
what-the-future.png

What the Future

Tech Today
tech-today.png

Tech Today

Cooley On Cars
on-cars.png

Cooley On Cars

Carfection
carfection.png

Carfection

Latest News

Dreamfoam Essential Mattress Review: The Ultimate Mattress for RVs and Trailers?
The Dreamfoam Essential mattress against a colorful background with a man's hands pushing down on the side of the bed.

Dreamfoam Essential Mattress Review: The Ultimate Mattress for RVs and Trailers?

Saatva Latex Hybrid Mattress Review: Should You Buy It?
The Saatva Latex Hybrid mattress sits on a bed frame while a man tests the edge of the mattress against a colorful background.

Saatva Latex Hybrid Mattress Review: Should You Buy It?

Lull Original Premium Mattress Review: A Cut Above Lull's Original Bed
The Lull Original Premium mattress with a man laying on top of the bed against a colorful background.

Lull Original Premium Mattress Review: A Cut Above Lull's Original Bed

Nolah Signature Mattress Review: Best Bed for Side Sleepers?
The Casper Wave mattress with a man laying on top of the bed against a colorful background.

Nolah Signature Mattress Review: Best Bed for Side Sleepers?

Our Mattress Experts Unbox Bear's Brand With Scott Paladini
Three people in a room filled with mattresses against a colorful background

Our Mattress Experts Unbox Bear's Brand With Scott Paladini

Tempur-Pedic Adapt Mattress Review: Reasons to Buy or Not Buy
The Tempur-Pedic Adapt mattress against a colorful background with a man's hands pushing down on the side of the bed.

Tempur-Pedic Adapt Mattress Review: Reasons to Buy or Not Buy

Casper Snow Mattress Review: Reasons to Buy or Not Buy
The Casper Snow mattress with a man laying on top of the bed against a colorful background with a man smiling in the front.

Casper Snow Mattress Review: Reasons to Buy or Not Buy

Casper Dream Hybrid Mattress Review: Reasons to Buy or Not Buy
The Casper Dream mattress with a man laying on top of the bed against a colorful background with a man smiling in the front.

Casper Dream Hybrid Mattress Review: Reasons to Buy or Not Buy

Viture Pro XR Review: A Great Upgrade to One of My Favorite Display Glasses
240610-yt-viture-glasses-v05

Viture Pro XR Review: A Great Upgrade to One of My Favorite Display Glasses

Helix Plus Mattress Receives the Helix Treatment: Helix Plus Mattress Review
The Helix Plus mattress placed on a wooden bed frame bed frame in front of a colorful background.

Helix Plus Mattress Receives the Helix Treatment: Helix Plus Mattress Review