Chapter 14
Joint Ventures, Partnerships, Strategic Alliances, and Licensing
Humility is not thinking less of you. It is thinking less about you.
—Rick Warren
Inside M&A: microsoft partners with yahoo! —an alternative to takeover?
Business alliances sometimes represent a less expensive alternative to mergers and acquisitions. This notion may have motivated Microsoft when the firm first approached Yahoo! about a potential partnership in November 2006 and again in mid-2007. Frustrated with their inability to partner with Yahoo!, Microsoft initiated a hostile takeover bid in 2008 valued at almost $48 billion or $33 per share, only to be spurned by Yahoo!. Following the withdrawal of Microsoft's offer, Yahoo!'s share price fell into the low to mid-teens ...
Get Mergers, Acquisitions, and Other Restructuring Activities, 6th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
