Tagged: assets

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February 1, 2008: Microsoft Bids Yahoo, 2012: Facebook Files IPO

2008 – Microsoft officially made a move to put a bid in for Yahoo! They announced a plan of $31 a share, which was 62 percent of premium common stock from Yahoo! This was not the first time Microsoft had made a play for the company, but this was the most covered by press. Yahoo! would eventually decline the offer of Microsoft, claiming they undervalued the company. This would bring Carl Ichan to the forefront which would lead to months of speculation and debate.  Although Yahoo! did not take the bid, they did end up selling the search assets in 2009 under...

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December 8, 2004: IBM sells PC Division to Lenovo

2004 – It was an interesting day in the Tech community when we heard the news. IBM was getting out of the desktop and laptop markets and focus on server and infrastructure. They started by selling all their assets to Lenovo – China’s largest computer manufacturer. Lenovo wasn’t a household name in the US, but this pretty much changed that overnight.The deal was for $650 million in cash and $600 million in stock. Lenovo would also acquire $500 million in IBM liabilities, which would put the total to $1.75 billion. In return, Lenovo would instantly become the 3rd largest PC...

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February 1, 2012: Facebook Announces IPO

2012 – Facebook’s Mark Zuckerberg announced the company will be filing for Public IPO. The company will be looking for 5 billion dollars for the social network. Zuckerberg wrote in a letter to potential investors: We think it’s important that everyone who invests in Facebook understands what this mission means to us, how we make decisions and why we do the things we do. I will try to outline our approach in this letter. Trading began on May 18, 2012 at $38 and whereas the company was expecting a higher price, the stock closed at $38.23. The following day the...

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