Yahoo Investor Proposes New Microsoft Deal

dell takes a slice at apple with super thin latitude z dellz closed

Investment fund Mithras Capital has floated a new proposal designed to help get Yahoo out of financial doldrums: take the company back to Microsoft’s doorstep. Under the proposal, Yahoo would sell off its Asian assets and non-search related business, and offer up the remainder to Microsoft for $22 per share. The per-share price would represent a 74 percent premium over Yahoo’s current stock price…but the way the market has been behaving lately, that premium might shrink quickly.

“It is imperative for the Yahoo board to embrace this proposal as the best outcome for long-suffering Yahoo shareholders,” said Mithras partner Mark Nelson in a press release.

Mithras Capital owns about 1.9 million shares of Yahoo, which works out to about 0.14 percent of the company, so the firm doesn’t have enough sway on its own to effect any action by Yahoo’s board of directors. However, the company went publi with its proposal, no doubt hoping to drum up support from other Yahoo investors who have been watching the company’s evaluation decline precipitously since it walked away from Microsoft’s takeover bid.

The deal would put Yahoo’s search business in Microsoft’s pocket for $2 billion less than it offered in July; the proposal would also wring out $3 billion in cost savings and generate $2.8 billion in tax benefits, bringing Microsoft’s total outlay to about $10.3 billion. The proposal also calls for Yahoo to eliminate so-called “poison pill” provisions which contributed to the sour tone of earlier negotiations between the companies.

Neither Yahoo nor Microsoft have yet publicly commented on the proposal.

Some industry watchers have noted the decline in Yahoo’s stock price and Microsoft’s continued struggle to expand its online search and advertising businesses, and drawn the conclusion that Microsoft will almost inevitably come back to Yahoo with another takeover proposal—and delays implementing an advertising deal between Yahoo and Google may be putting pressure on Microsoft to act sooner than later.

Yahoo has also been in talks with Time Warner about the latter’s AOL unit.

Cars

Renault-Nissan-Mitsubishi group uses Microsoft cloud platform for connected cars

The Renault-Nissan-Mitsubishi Alliance is launching a new cloud platform for its cars. Based on Microsoft Azure, the Alliance Intelligent Cloud will enable features like connected services and over-the-air updates.
Computing

Get the best of both worlds by sharing your data on MacOS and Windows

Compatibility issues between Microsoft Windows and Apple MacOS may have diminished sharply over the years, but that doesn't mean they've completely disappeared. Here's how to make an external drive work between both operating systems.
Gaming

Xbox One X vs. PS4 Pro: Which console is more powerful?

Far from cooling down, the console wars are only getting more intense. We compare Microsoft's Xbox One X to Sony's PlayStation 4 Pro to help you decide which premium console is right for you.
Gaming

How do the revised Xbox One and PlayStation 4 consoles stack up?

Microsoft's new Xbox One S and Sony's PlayStation 4 "Slim" have bucked the generational gaming console trend. But which of these stopgap systems is worth spending your paycheck on?
Mobile

Got gadgets galore? Keep them charged up with the 10 best USB-C cables

We're glad to see that USB-C is quickly becoming the norm. That's why we've rounded up some of the better USB-C cables on the market, whether you're looking to charge or sync your smartphone. We've got USB-C to USB-C and USB-C to USB-A.
Deals

Looking for a Chromebook? The Google PixelBook just got a $200 price cut

Once relatively obscure, Chromebooks have come into their own in a big way in recent years. One of our favorites is the super-sleek Google Pixelbook, and it's on sale right now from Amazon for $200 off, letting you score this premium laptop…
Computing

Nvidia’s GTX 1650 graphics card could be just a slight upgrade over the 1050 Ti

Rumors suggest Nvidia might soon launch the GTX 1650, and a leaked benchmark listing from Final Fantasy XV suggests that the new graphics card could be just a slight upgrade over last generation's GTX 1050 Ti. 
Computing

Get ready to say goodbye to some IFTTT support in Gmail by March 31

If This Then That, the popular automation service, will drop some of its support for Gmail by March 31. The decision comes as a response to security concerns and is aimed to protect user data.
Computing

Get the new Dell XPS 13 for $750 with this limited-time deal

Dell is currently running a limited time deal lasting through Thursday, March 28, where you can bring home a version of this year's new XPS 13 for around $750 with the use of a special coupon code. 
Mobile

This is the easiest way to save your iPhone data to your computer

Living in fear of losing your contacts, photos, messages, and notes on your iPhone? Fear no more -- in this guide, we'll break down exactly how to back up your iPhone to your computer using Apple's iTunes or to the cloud with iCloud.
Mobile

Here are the best iPad Pro keyboard cases to pick up with your new tablet

The iPad Pro range can double as laptops, but they do need proper keyboards to fill in effectively. Thankfully, there are loads to choose from and we rounded up the best iPad Pro keyboard cases right here.
Computing

Microsoft’s Clippy came back from the dead, but didn’t last very long

Before Cortana, Alexa, and Siri even existed, Microsoft Clippy dominated the screens of computers in the 1990s to help assist Microsoft Office users when writing letters. He recently made a bit of a comeback only to die off again.
Computing

Nvidia faces attacks from AMD, Intel, and even Google. Should it be worried?

Nvidia announced an expanded array of RTX server solutions designed to leverage the power of ray-tracing at GTC 2019. The effort will help Nvidia take on Google's Stadia in game streaming with GeForce Now, and the company's investments in…
Computing

How 5G networks will make low-latency game streaming a reality

Faster speeds and more bandwidth are some of the many promises that 5G can deliver, but for gamers, the most important thing is low latency. To achieve low latency, carriers like AT&T and Verizon are exploring hybrid models for game…