Yahoo and Infosys-Axon deal

The year 2008 must be one Yahoo will like to forget.
The year started with Microsoft proposing Yahoo $31 a share buyout. The bid is rejected by Yahoo board of directors saying it "substantially undervalues" the company. Yahoo reportedly explores alternative deals with News Corp, Google and Time Warner unit AOL. In May Microsoft revises its offer to $33 a share, which is gain rejected by Yahoo.

The chief executive Jerry Yang kept waiting for the software giant to offer a better price than $47.5 billion for Yahoo. It never happened. Instead, Yahoo's stock sagging and hits nearly five-year lows. Yahoo's plan 2, an advertising deal with Google too failed, after Google out of the deal fearing a court battle with the US Justice Department.

In November Yang steps down and Yahoo, in December, overhauled its severance plan which was apparently hiked to discourage Microsoft's acquisition plans.

Yahoo chairman Roy Bostock's had planned to name a new CEO before 2009; however, with 2009 almost on the doorsteps, it seems tough.

Article Source:- http://infotech.indiatimes.com/quickiearticleshow/3896374.cms

Infosys-Axon deal
Infosys-Axon deal was hailed as the largest outbound acquisition by an Indian IT company. The analysts termed Axon as strategic fit for Infosys.

Then came the rumours that there was competition: a rival UK security firm has quoting a price higher by 7 pence per share to counter Infosys' offer.

But the software giant was confident. MD and CEO, S Gopalakrishnan said that the company can sail through the deal with its transaction advantage of a full cash deal offer.

However, it seems the Indian IT giant underestimated its rivals, tough competition was there, and closer home. In October, HCL Technologies makes a counter offer to Infosys' Axon bid by raising the value by 8.3 per cent to seal the biggest overseas deal by an Indian firm in this space. The deal got shareholder's nod in November.

Article Source:- http://infotech.indiatimes.com/quickiearticleshow/3896462.cms

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