Live: Microsoft Wants Yahoo

These are live notes from the Microsoft press conference announcing their offer to purchase Yahoo.Microsoft CEO Steve Ballmer:>> We see this announcement as significant. This is a milestone for Microsoft’s Online ventures.>> Last night I called Jerry Yang to discuss the proposal. I think Yahoo should be excited about this offer.>> There are now several steps we will both need to take to move this proposal forward.>> We believe in the benefits of combining these two companies… now more than ever.

Microsoft Conference Call On Yahoo Deal

Ballmer said the offer is a great opportunity for Yahoo employees.Making it public today allows everyone to consider the merits of the offer.Kevin Johnson speaking now: discussing MS gains in online advertising and other products, touting necessary investment and other dynamics.He cited one company as the dominant player. Doesn’t name names. I think I can guess this one.KJ discussing synergies in various areas like mobile. Elimination of duplicate services, especially by combining ad products, key to making big bucks.

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