Yahoo Rejects Microsofts Offer, Weekend Violence Plagues University District: SeattleIAM
This is a selection of recent popular blog articles from SeattleIAM where you will find the best blogs from Seattle, Washington as well as video uploads, social networking, rumors, and blog authoring
Yahoo Rejects Microsoft’s $44.6 Million Bid
The latest from Biz Buzz announces that Yahoo has rejected Microsoft's $44.6 billion bid as “inadequate… betting that it can elicit a higher offer from the world's largest software maker or find another way to deliver a comparable payoff to its shareholders.” Yahoo’s board concluded that “Microsoft's unsolicited offer ‘substantially undervalues’ the Sunnyvale-based company,” but expressed that they could be “lured to the negotiating table if Microsoft ups the ante.”
According to the post, investors seem confident that “Microsoft wants Yahoo badly enough to raise the stakes.” In the three months prior to Microsoft’s bid, Yahoo's stock price had dropped by more than 40 percent. “Yahoo shares rose 25 cents to $29.45 in Monday's morning trading while Microsoft shares fell 48 cents to $28.08.” Analysts surmise Microsoft will “eventually raise its bid to $35 to $40 per share, sweetening the pot by $5 billion to $12 billion in an effort to negotiate an amicable sale,” although some say a higher bid could harm Microsoft’s stock price, “which has been slipping amid concerns that a Yahoo takeover could be more trouble than its worth.” Rejecting Microsoft’s offer, however, places Yahoo in risk “that the company's stock will plunge below $20 per share again if its suitor decides to walk away.”
U District Residents Shaken up by Weekend Violence
Over at the Seattlest, Abbey reports that the University District was “plagued” with several violent assaults over weekend. “Within a 36-hour period four students were assaulted… a man was seriously injured in a stabbing, and another University of Washington student was robbed at gun point.” All of the reported attacks “occurred within blocks of the University of Washington campus.”
Abbey writes in her post that “the four students injured in the related assaults were attacked with bricks by an estimated 10 assailants” around 2 a.m. on Saturday morning. Later on Saturday, a man “suffered life-threatening stab wounds to the chest after getting in a brawl on The Ave.” The local police don’t believe “the stabbing or armed robbery were related to the previous assaults.” They are still looking for all assailants involved in the attacks, “further unnerving a neighborhood shaken by recent violence.”
KEXP Partners with Radio New York 91.5 FM to Create Radio Liberation
Chris Kornelis from Reverb announces Seattle's indie-rock station KEXP has “partnered with Radio New York 91.5 FM to create Radio Liberation,” bringing Seattle shows to NYC airwaves starting March 24. Said Matthew Tollin, CFO/GM of Radio Operations for NYC Media Group, “Radio New York will bring a fresh new sound to New York radio and galvanize a community hungry for great content.”
According to a press release by KEXP, NYC Media Group is “responsible for managing the media assets of the City of New York ... as well as production and syndication arms that produce and distribute New York City-centric content all over the world.” Kornelis responds in his post that “it's not clear how this Seattle-based content fits into that mission or how Northwest listeners will be affected, if at all.” KEXP's executive director, Tom Mara, said that the partnership “will not only give greater voice to artists from the Northwest, New York and around the world, it will bring music that matters into the lives of more listeners than ever before.”
Wallingford’s Tilth Bases Menu on Nurturing Health and the Planet
Metroblogging Seattle’s Kristen sends out kudos to Chef Maria Hines of Wallingford's Tilth, “one of only two restaurants in the country certified as organic by Oregon Tilth.” Hines has had “a hard journey over the last year of developing her new restaurant,” but diners have been reaped the benefits at “the little house on 45th.” Hines' big break in the business came when she “took the helm at Earth & Ocean in 2003,” and was “named one of Food & Wine magazine's ‘Top Ten Best New Chefs in America’ in 2005.” In 2006, she left Earth & Ocean to start her own restaurant.
Hines has “a personal commitment to organic and local food.” She says that she eats organic at home so, it made sense for her restaurant “to be in line with [her] philosophy in nurturing our health and the earth.” In September of 2006, “Tilth opened among crisis and difficulty.” She had three weeks to get the restaurant up and running, so “worked 16- and 17-hour days straight through.” She opened the restaurant “under-capitalized” and with high hopes. She maintained her commitment, “risking her personal financial security by placing restaurant expenses on her personal credit cards.” Over time, though, Kristen writes in her post, “Tilth began to succeed with its intimate, diverse menu emphasizing local foods.”
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