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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    Yahoo says it needs time to mull Microsoft offer

    SEATTLE
    Sat Feb 2, 2008 5:52pm EST

    SEATTLE (Reuters) - Yahoo Inc said it may take "quite a bit of time" to weigh its strategic options, including keeping the company independent, following Microsoft Corp's $45 billion offer to buy the company.

    Technology

    In a weekend posting on the company's Web site, Yahoo said it was undertaking a deliberate review of Microsoft's unsolicited offer to pay Yahoo shareholders either $31 in cash, or 0.9509 of a share of Microsoft common stock.

    The review "will include evaluating all of the Company's strategic alternatives including maintaining Yahoo! as an independent company," the posting said. "A review process like this is fluid, and it can take quite a bit of time."

    In response to a frequently asked question about whether Yahoo would seek proposals from other companies, also posted on its Web site, the company said it was going to evaluate all options.

    Analysts cited Comcast Corp, Viacom Inc and General Electric Co among possible bidders, although they also said few companies had the balance sheet to compete with Microsoft or were as natural a fit for Yahoo.

    Microsoft's bold move to buy the Silicon Valley company would create a combined entity better able to respond to the growing dominance of Google Inc in Web search and digital advertising.

    Microsoft said it has courted Yahoo for the last 18 months, but its earlier approaches were rebuffed and it decided to make its offer public to Yahoo shareholders.

    Yahoo shares shot up about 48 percent to $28.33 on the news of Microsoft's offer.

    (Reporting by Daisuke Wakabayashi, editing by Todd Eastham)
    Technology


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