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Feb 11, 2008

Despite rebuff, Microsoft to press on with Yahoo bid

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Today our managing partner, Ken Marlin was quoted discussing Microsoft’s bid for Yahoo by Jessica Guynn for The Los Angeles Times. The takeover target says the $44.6–billion unsolicited offer is too low. After being rebuffed by Yahoo Inc. today, Microsoft Corp. fired back by saying it planned to move quickly and by whatever means necessary to clinch the deal to buy the Internet company. It did not elaborate on what steps it planned to take, but called its $44.6–billion offer “full and fair.” Analysts have said Microsoft could sweeten its offer, nominate it own slate of directors to Yahoo’s board…

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Feb 11, 2008

Netik Targets Service model with Capco Reference Data Services Buy, Symphony as New Majority Investor

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Data warehouse provider and M&A client Netik has completed a buyout of its business from The Bank of New York Mellon Corporation and simultaneously acquired Capco Reference Data Services (CRDS) from Capco. Netik is now pursuing a vision of transforming from a purely software business into a software and service business, bringing together the CRDS capability to scrub multiple data sources to create a “single version of the truth” with the Netik data warehouse technology for reporting and data management. The data warehouse fulfils the role of on–site “container” and handles downstream distribution of the cleansed data. The vendor says it…

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Feb 10, 2008

Yahoo Board to Spurn $44B Microsoft Bid

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Today our managing partner, Ken Marlin, was quoted in a discussion of Microsoft’s bid for Yahoo by Michael Liedtke for AP News. Yahoo Inc.’s board will reject Microsoft Corp.’s $44.6 billion takeover bid after concluding the unsolicited offer undervalues the slumping Internet pioneer, a person familiar with the situation said Saturday. The decision could provoke a showdown between two of the world’s most prominent technology companies with Internet search leader Google Inc. looming in the background. Leery of Microsoft expanding its turf on the Internet, Google already has offered to help Yahoo avert a takeover and urged antitrust regulators to…

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Feb 10, 2008

Netik Breaks Off From BNY Mellon, Buys Capco Reference Data Unit

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In a two–step reorganization, our client,  data warehouse provider Netik, has used funding from private equity firm Symphony Technology Group (STG) to spin off from majority–owner Bank of New York Mellon Corp. and acquire Capco’s reference data management arm. The financial terms of the deals, completed in January but announced today, were not disclosed. Netik officials said that Palo Alto, Calif.–based STG, a technology holding company, now holds a majority stake of undisclosed size in the company; Bank of New York Mellon, which previously owned 51 percent, retains a minority interest. The former Bank of New York purchased its stake…

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Feb 5, 2008

Google’s bid to derail Yahoo deal a long shot

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Today our managing partner, Ken Marlin, was quoted discussing Google’s bid to derail a Yahoo deal by Janet Whitman for Canada.com. NEW YORK, NY (February 5th 2008) – In a bid to preserve its dominance on the Web, Google Inc. is seeking to derail Microsoft Corp.’s plan to gobble up Yahoo Inc. Since learning of Microsoft’s $44.6–billion US unsolicited bid on Friday, Google has gone on the offensive, saying the merger would threaten Web innovation and competition. At the same time, behind the scenes, the Internet giant is said to reaching out to rivals who may be interested in putting…

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