Google Not Happy to Take a Hit

LOS ANGELES Google executives and investors are none too happy about Microsoft’s $44.6 billion bid for Yahoo! — which presumably would create a more formidable competitor in Internet search and advertising — and the war of words between the tech giants has intensified.

Shares of Google have dropped $68.87, or 12 percent, in the two trading days since Microsoft announced its intent to buy Yahoo! for $31 a share.

Google is fighting back on two fronts: It is attacking the proposed acquisition on antitrust concerns — always a popular way to assail Microsoft — and, according to published reports, it is offering to strengthen Yahoo! by partnering with it.

The Wall Street Journal reported Monday that Google CEO Eric Schmidt has called Yahoo! CEO Jerry Yang to offer his help, putting Yahoo in the unenviable position of having to embrace the help of one contentious rival in order to fend off the advances...

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