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Latest Steve Ballmer Stories

2008-07-08 06:00:05

By Byron Acohido and Greg Farrell In a move that could bolster billionaire investor Carl Icahn's attempts to remove Yahoo's top directors next month, Microsoft said Monday it might re-enter merger talks if Icahn's slate of directors is elected at an Aug. 1 shareholder meeting. Earlier in the day, Icahn issued a statement acknowledging that he had "spoken frequently" to Microsoft CEO Steve Ballmer in the past week. According to Icahn, Ballmer "made it abundantly clear that, due to his...

2008-07-08 03:00:10

By Walmsley, Andrew For the past 11 years, I have sought out my respite from the digital maelstrom on a small Greek island. Just a few years ago, there was no cellphone coverage; getting on the internet required you to dismantle the phone socket, and the one internet cafe on the island offered two computers sharing one ponderous dial-up connection. It was charming, idiosyncratic, picturesque. After a few days, however, it was pretty annoying. Arriving there last week, it has all changed....

2008-07-07 21:00:12

SAN JOSE, Calif. _ Increasing the pressure on Yahoo Chief Executive Jerry Yang, Microsoft on Monday effectively threw its support behind financier Carl Icahn's efforts to unseat Yahoo's board, making a deal between the two companies much more likely. In a dramatic early-morning announcement, Icahn revealed he has been talking with Microsoft Chief Executive Steve Ballmer about a prospective sale or partial acquisition of Yahoo. Microsoft quickly followed with a statement confirming it would...

2008-07-07 12:00:00

Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today issued the following statement in response to Carl Icahn's latest open letter to Yahoo! stockholders: Yahoo!'s Board of Directors continues to stand ready to enter into negotiations with Microsoft Corporation for an acquisition of Yahoo!. Indeed, as recently as June, Yahoo!'s independent directors and management approached Steve Ballmer about just such a transaction, only to be told that Microsoft was no longer interested...

2008-07-07 09:00:00

NEW YORK, July 7 /PRNewswire/ -- Carl Icahn today issued the following open letter to Yahoo! shareholders. SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CARL C. ICAHN AND HIS AFFILIATES FROM THE STOCKHOLDERS OF YAHOO! INC. FOR USE AT ITS ANNUAL MEETING, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN THE PROXY SOLICITATION. WHEN...

2008-07-04 00:00:04

NEW YORK: Microsoft is preparing a new bid for Yahoo Inc's search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said. Quoting people familiar with discussions, the Journal said talks with Time Warner Inc and News Corp, among others, were preliminary and unlikely to result in a deal. It said that two weeks ago, Microsoft chief executive Steve Ballmer called Yahoo chairman Roy Bostock to...

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2008-07-03 12:10:00

In the wake of Microsoft's failed bid to buy all of Yahoo, one thing is clear: The two companies have what could be called a failure to communicate. As the Microsoft-Yahoo takeover saga grinds into its sixth month, contacts between the companies are continuing. But the status of talks between them is an increasingly muddled mess complicated by the fact that Time Warner's AOL has quietly been put in play, according to sources familiar with the matter who have not been authorized to speak by...

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2008-07-01 06:00:00

Amid a proxy battle led by billionaire investor Carl Icahn, Yahoo Inc began seeking shareholder support on Monday for the company's executives and current board of directors. In a 32-page shareholder presentation, the company provided details on the rationale behind the rejection of a $47.5 billion acquisition bid from Microsoft Corp., and even questioned whether Microsoft was sincere about a full-scale merger. Yahoo argued that its current board and management deserve the opportunity to...

2008-06-30 09:01:28

1st LD Writethru: Bill Gates bids teary farewell to Microsoft LOS ANGELES, June 27 (Xinhua) -- Microsoft co-founder Bill Gates bid farewell to Microsoft on Friday, resigning from his full-time post as chairman of the software giant. At a town hall meeting in Redmond, Washington, more than 800 Microsoft employees gathered to send Gates off into the new era of his life. Accompanied by Microsoft CEO Steve Ballmer, Gates walked in smiling to a standing ovation, and introduced his wife,...

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2008-06-29 17:25:00

The departure of Bill Gates, who stepped down as chairman of Microsoft this week to focus full time on his $37 billion philanthropic foundation, means the fate of the world's largest software maker will now rest with Steve Ballmer. Ballmer, 52, has been Microsoft's CEO for the past eight years, and is the company's second-largest shareholder after Gates, with a 4.3 percent stake in the company valued at more than $11 billion. He will likely face increasing pressure in the wake of the...