6th June 08: Rupert Murdoch unplugged
I think Rupert Murdoch is just great. Seriously, the man is just himself and says, it like he sees it & has no qualms in being clear about what drives him. Nice in this day and age. I found his recent interview - absolutely very interesting. You can watch it here, courtesy of CNET:
http://news.cnet.com/8301-13860_3-9954545-56.html?tag=blogFeed
And, here are Murdoch's comments on Microsoft and Yahoo.
Murdoch on Microhoo: 'I'm mystified', Source: CNet News.com, Excerpt.
"I'm mystified," Murdoch said. "I cannot understand the whole thing. Jerry Yang is a friend who we all love and admire and he's emotional about it."
Murdoch said that Microsoft offered a price that the vast majority of shareholders wanted but that Yang managed, at least for now, to fend them off. At the same, time, he said he's surprised Microsoft didn't press the point, something he said comes from their lack of mega-deal experience.
"They're not used to big deals, to buying big things," Murdoch said.
Murdoch said if he were Microsoft, he would have put the offer out there and let shareholders do the work for them. "You aim the gun. You decide to fire the gun. You've just got to sit and wait. It will come to you."
He is dubious, though, that a Microsoft-Yahoo deal isn't a merger that will actually come to fruition. "I think that will be rejected by the board, by everybody."
Murdoch also put in his two cents about whether Yahoo deals should be held up by regulators. "It would be very sad," he said. "Google is so good. (The have the) best search engine by far. They are just going on, getting bigger and bigger. It is just gushing money. You can see why Microsoft is worried."
On Carl Icahn's move, he said, "That's not serious. He wants to make a couple hundred million dollars for himself."
- Posted by SRana on 05/06/2008.
- SRana's site
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