- Social Networking's 'Naked' Truth
- Microsoft Plays a Game of Bing Pong
- Klutzy Woz Becomes Auto Body Pitchman
- Google Goes After Microsoft, Kind Of
- Flip Backfires on Cisco's John Chambers
- TeleMedicine Gets An Apple App Store Facelift
- iPhone Gets Big Stamp of Approval
- Jobs Returns, But Who's Running the Show?
- Jackson Juices Yahoo's Traffic
- Jackson, Inc. Becoming An Online Boom
|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- Social Networking's 'Naked' Truth
- The Highest Grossing (Inflation Adjusted) Movies of All Time
- WPP's Sir Martin Sorrell on the Ad Recession
- Geek Squad V. Gizmodo
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Warren Buffett's Top Three Investment Rules for the Average American
- Why You Should Watch Fund Flows
- Blog You!!!
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
- Stimulus Will Kick in Later this Year: President Obama
- Lender CIT Group Hires Premier Bankruptcy Adviser
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- GM IPO in Second Quarter 2010 at the Earliest: CFO

- Merrill's McCann Seen as UBS Wealth Frontrunner
RSS FEED

![]() |
AP |
He begins by writing:
"Today, I am very excited to announce that Microsoft has made a proposal to acquire Yahoo!. This announcement represents a big opportunity for Microsoft, and is the next major milestoneHe begins by writing: in our companywide transformation to embrace online services, search, and advertising."
He echoed that milestone language in his conference call with analysts and media this morning, suggesting it's the dawn of a new era for Microsoft, focused on the massive opportunities afforded by online advertising.
He says:
"By combining the strengths of our companies, we can deliver an efficient and highly competitive offering for our customers. Our complementary assets will give us increased talent and scale to compete in the markets of search and online advertising, and pioneer new innovations in the areas of video, mobile services, online commerce, and social media."
That's a load of buzzwords that haven't necessarily been associated with Microsoft these last couple of years. Sure, buzz picked up around the company's move for a tiny piece of Facebook last year, but this deal, and the way Microsoft is pursuing it, is a far different animal. And it builds significantly on the progress the company's CFO Chris Liddell mapped out to me following earnings last week that Microsoft is enjoying in its online business. Still unprofitable, but topline is growing big-time.
Ballmer's note to employees this morning says:
"We are on a good path with our existing search and advertising product roadmaps. To date, we have made progress in our organic online services and advertising efforts, and by joining with Yahoo!, we will take the next step toward becoming a major search destination and social platform for consumers. The combined reach of our content properties and combined breadth of our tools for advertisers will enable us to provide an online advertising platform at scale. Together, we'll create a company that is in a much better position to compete against an increasingly dominant player in this market."
Integration issues have also come up. Ballmer says Microsoft's recent acquisitions of aQuantive and Tellme taught it how to deal with combining another workforce and culture into its own. But Ballmer goes a big step further; his optimism about getting a deal done showing through:
"Leaders from both Microsoft and Yahoo! will work together closely on the integration process to ensure that we are thoughtful about the questions we ask and the decisions we make. As we move forward, we'll look carefully at how to bring our assets together to create the greatest value for customers, employees, and shareholders."
Umm, note to Ballmer: You can't "work together closely" when a deal hasn't even been closed yet. There's been reluctance at Yahoo for this combination for the better part of 18 months. Welcome to the Steve Ballmer steamroller. Never mind that reluctance, Ballmer is moving ahead. Period.
He closes with:
"A great opportunity is in front of us to evolve how people and businesses create, find, and use information. Through today's proposed acquisition, we can take our business to new levels of success and growth."
That's a message as much for Microsoft employees as it is to Yahoo's board.
--CNBC.com has business relationships with both Yahoo and Microsoft.
Questions? Comments?







