Monday, November 03, 2003
The Googleplex Rejects Microsoft!
A big sigh of relief as Google's powers-that-be reject Microsoft's takeover bid. Australian IT reports:
A big sigh of relief as Google's powers-that-be reject Microsoft's takeover bid. Australian IT reports:
INTERNET search giant Google has rejected a takeover bid from Microsoft in favour of selling its shares directly to the public, according to a New York Times report. Microsoft's bid for Google has highlighted the high-stakes battle mounting over the multibillion-dollar search engine business. The New York Times said last week that Microsoft's overture for a partnership or buyout was rebuffed by the much smaller, privately-owned Google. Instead, the California-based firm, whose quirky name has become synonymous with on-line searches, has moved toward a long-awaited initial public stock offering. It is expected to raise at least $US2 billion ($2.8 billion) in the offer early next year that some analysts believe will be used to defend its place as the internet's favorite search engine. The internet's three titans - Yahoo, America Online and Microsoft's MSN.com - are all pushing hard to develop their own search functions to snatch market share from Google.Microsoft now appears to be eyeing off some smaller serach engine fish, but at least the world's biggest OS won't swallow the world's biggest search portal. We almost really got MS-World!
[Posted by Unknown] [1:27 pm]
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