3:12:00 AM EDT
Feeling Happy
Fexon Technology Ltd: Forbes: Alibaba repurchase of shares does not affect Microsoft's acquisition
Fexon Technology Ltd reports: According
to media reports, for fear that Microsoft's acquisition by Yahoo, Alibaba
management is considering repurchase 39% of the shares held by Yahoo. That part
of the assets of Yahoo is very important. Second week in the earnings
announcement, Yahoo's valuation of its Alibaba 2.25 US dollars per share, the
total valuation reached 3.2 billion US dollars.
Yahoo in the sale of shares held by Alibaba whether Microsoft will acquire the
warm Aolengshui? Or will Microsoft lower purchase price? To the views of
analysts, the answer is no. Microsoft attaches great importance to the
advertising market and the competition between Google, and not because of the
above reasons and a loss of confidence.
Morningstar analyst Larry said: "Yahoo in the Asian market is very
important, but Microsoft is also dispensable, Microsoft is not the main reason
to buy Yahoo." Sanderson is the United States Institute of Technology
study tracking Yahoo analyst, said he agreed with the above comments,
"hold Alibaba Group's shares is very important, but Microsoft also made
the main basis for acquisition decision-making." Morningstar analyst Larry
said, "From Microsoft's acquisition of Yahoo's move , Yahoo also do not
see in the Asian market have little interest in the assets, it is not know
whether Microsoft Alibaba interest. "
Of course, Microsoft has established a complex with China relations. Microsoft in 1998
to set up a research institute in China, but the Institute for Kai-fu
Lee in 2005 switched to the Google company. At that time, the Chinese government
continued to show good company, but later that the relations between the two
sides back a bit. Now, software piracy in China is still very widespread. (Fexon Technology Ltd)
Even Yahoo shares lost Alibaba also does not affect the transaction, Microsoft
will re-evaluate Yahoo 31 US dollars a sharebid. American Technology Research
analyst Bodø network, "said Microsoft should be reduced to 31 US dollars
per share offer (from 31 US dollars a share in the minus 2.25 US dollars), but
in addition to a reason not to change the offer, if Microsoft February 1 in the
proposed acquisition is passed, it will definitely be sold Yahoo shares held by
Alibaba control.
Analysts suggested that Microsoft may not withdraw or reduce Yahoo offer, on
the reorganization of Yahoo China
can be the temptation to Microsoft's insistence on keeping 31 US dollars per
share offer. Public opinion surveys show that Microsoft offer may be increased
to about 35 dollars per share, but due to the sale of Alibaba shares of Yahoo,
Microsoft would continue to maintain the original 31 US dollars per share
offer.
This is probably the best Yahoo is the only choice. Microsoft to Yahoo's
acquisitions from the prosecution of shareholders, as well as News Corporation,
Time Warner and Google to take part in one of the acquisitions. It has no other
choice. Wednesday, Yahoo shares closed at 27.07 US dollars per share, down 0.59
dollars per share Microsoft closed at 28.62 US dollars, down 0.80 US dollars.(Fexon Technology Ltd)
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