Yahoo! Mobile Communications With oneConnect

Yahoo!, the global Internet services company, announced today at the Mobile World Congress in Barcelona, Spain, the new Yahoo! oneConnect service, set to revolutionize mobile communication in the same way Yahoo! oneSearch revolutionized mobile search back in 2007.

Yahoo! oneConnect will be the first service for mobile devices with an open architecture that assembles communications tools like e-mail, IM (instant messaging), social networks and text messaging (SMS) for a new and enhanced level of convenience in communications.

"Last year we set out to reinvent mobile search with Yahoo! oneSearch, and today with 29 operator partnerships around the world covering more than 600 million subscribers, we believe we have certainly succeeded," declared Marco Boerries, Executive vice President, Connected Life, Yahoo!. "Now, we intend to reinvent mobile communications through Yahoo! oneConnect, a revolutionary new mobile communications service that will combine integrated mobile messaging with a socially-connected address book."

New in Microsoft Land

Yahoo! put an end to all the speculations around Microsoft’s unsolicited bid on Monday. The answer was a big no, thank you, and the motivation was that the Sunnyvale-based company’s board considered that the offer greatly undervalued Yahoo! The proposal of $44.6 billion, or $31 per share, was forwarded to the Internet giant on the first of February.

The rejection couldn’t go unanswered, so Steve Ballmer, Microsoft’s CEO issued a statement saying, among others, that "A Microsoft-Yahoo! combination will create a more effective company that would provide greater value and service to our customers. Furthermore, the combination will create a more competitive marketplace by establishing a compelling number two competitor for Internet search and online advertising. The Yahoo! response does not change our belief in the strategic and financial merits of our proposal. As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!’s shareholders are provided with the opportunity to realize the value inherent in our proposal."

Microsoft to Buy Yahoo for $44.6 Billion

Now Google will have something to chew on.......!!!!!!!

"We have great respect for Yahoo!, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better positioned to compete in the online services market," said Steve Ballmer, chief executive officer of Microsoft. "We believe our combination will deliver superior value to our respective shareholders and better choice and innovation to our customers and industry partners."
The latest financial results posted by the Sunnyvale Internet giant feature a consistent loss, with profit dropping to $660 million for 2007, down from $751 million in 2006. Yahoo was even preparing to lay off a reported 1,000 workers of its 14,300 workforce, after the poor financial results of the past year. Microsoft's proposed acquisition offers shareholders a 62% premium to current trading price for Yahoo! The Redmond company has presented its proposition to Yahoo's Board of Directors.

In its race to become the runner-up on the search engine and online advertising markets, Microsoft is about to give Google a little something to chew on. The Redmond company is looking to buy Yahoo for no less the $44.6 billion. Microsoft has just announced the proposed acquisition of Yahoo for $31 per share. According to current estimates, the transaction is valued at no less than $44.6 billion and Microsoft is to offer both cash and stock. Yahoo has been increasingly losing its position on the search engine market, as well as its audience eroded by social networks.