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建议 Microsoft Chief Set to Narrow Pursuit of Yahoo
Steven A. Ballmer, Microsoft’s chief executive, told employees on Thursday that the company would announce “in very short order” which of three paths it would choose in its three-month-old pursuit of Yahoo.
The options, Mr. Ballmer said, were completing a negotiated deal, pursuing a hostile takeover effort or walking away. He spoke during a meeting with employees.
Microsoft is not expected to announce on Thursday which option it will pursue.
The biggest sticking point between Yahoo and Microsoft has been a wide disagreement over what Yahoo is worth. Yahoo has rejected Microsoft’s cash-and-stock offer, initially valued at $31 a share but currently worth about $29.48, saying it substantially undervalues the company.
But Jerry Yang, Yahoo’s chief executive, has said his company was not opposed to selling to Microsoft at a higher price.
In recent days, Mr. Ballmer has been trying to win the support of Yahoo shareholders by floating the possibility of raising Microsoft’s offer to as much as $33, according to people briefed on the discussions.
But some Yahoo shareholders, as well as its management and board, are holding out for more, these people said.
“I know exactly what I think Yahoo is worth to me,” Mr. Ballmer told employees. “I won’t go a dime above, and I will go to what I think it’s worth if that gets the deal done.”
Mr. Ballmer is under pressure to decide quickly, in part because a deadline he imposed on Yahoo to reach a negotiated deal passed five days ago. Mr. Ballmer had threatened to start a proxy fight to oust Yahoo’s directors if the deadline was not met. Microsoft’s board met on Wednesday to discuss its options.
Mr. Ballmer said buying Yahoo was not Microsoft’s strategy for succeeding in Internet search and advertising, but simply a part of that strategy.
We’re willing to pay for that at some level, and beyond that level we’re not willing to pay for it,” he said.
Mr. Ballmer acknowledged that Microsoft had not followed through with a threat to initiate a proxy fight if Yahoo allowed the deadline to expire. He promised to announce a decision soon, but added, “I’ve got nothing to say today.”
Mr. Ballmer’s remarks were first reported by the blog Silicon Alley Insider. A Microsoft spokesman later confirmed the comments.
微软领导人准备改变收购雅虎策略
Steven A. Ballmer，微软公司的首席执行官，在周四告诉员工，公司将要提出三个方法来收购雅虎公司在长达三个月的收购过程中。
Mr. Ballmer 在会议上告诉员工：现在的选择是告别了和平谈判的时候了，正在追求一种敌意的收购方式。
微软公司并不希望在周四时发布他们的选择。
微软和雅虎之间最大的问题是在雅虎公司究竟值多少钱，雅虎公司以低估价值为由拒绝了微软公司在开始时提出的以股票和现金方式，并以每股31美元的价格，但现在雅虎的股票已经跌到了每股29.48美元，
但是杨致远，雅虎的首席执行官，说雅虎公司并没有反对以更高的价格的买给微软公司。
最近几天，Mr. Ballmer 正在试图努力通过提高收购价到33美元来获得雅虎股东的支持。根据人们讨论的结果。
但是雅虎的股东特别是管理层和董事会大都坚持着，这些人说：
“我准确的知道雅虎对我来说是很值得的。”Mr. Ballmer告诉员工，“我不会再提高报价了，我将会按着我认为它究竟值多少钱来直到完成这桩交易”
Mr. Ballmer须在很大的压力下尽快地决定，一方面因为给雅虎公司和平谈判的最后期限已经超过5天了，Mr. Ballmer 已经威胁说将要开始一个代理人选拔来驱逐雅虎的领导人如果期限不到，在周三开的微软董事会上要讨论这一问题。
Mr. Ballmer说收购雅虎并不是微软在互联网搜索和广告方面的成功策略，但只是一部分的策略。
“在一定范围内我们会付钱收购，但是超出那一范围我们既不会了”他说。
Mr. Ballmer承认微软公司并没有遵循先前的威胁说要展开一次雅虎代理人的选拔如果雅虎最后期限截止。他说很快将要公布一个决定，并补充道：“今天我没有什么可说的”
Mr. Ballmer的评论最早被报道在硅谷的博客上，一个微软发言人随后证实了这些评论。
