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Yahoo lukewarm on Microsoft bid

50°
355w ago - Internet search engine Yahoo says it is "not opposed" to Microsoft's takeover bid, but wants a better price.

The letter from Yahoo's board was a swift response to a deadline issued at the weekend by Microsoft CEO Steve Ballmer for Yahoo to agree to the deal.

Microsoft warned if the deal was not accepted by 26 April, it would mount a hostile takeover at a lower price.

The software giant made an unsolicited $44.6bn (£22.3bn) takeover offer for Yahoo on 31 January.

But Yahoo rejected the deal, saying it substantially underrated the company's value and prospects.

'Counterproductive'

"We have continued to make clear that we are not opposed to a transaction with Microsoft if it is in the best interests of our stockholders," the letter said.

"Our position is simply that any transaction must be at a value that fully reflects the value of Yahoo, including any strategic benefits to Microsoft, and on terms that provide certainty to our stockholders."

In the letter, Yahoo said the threat to begin a hostile takeover was "counter-productive".

Yahoo has been seeking links with other media and internet firms that would help it retain its independence.

However, most companies with the financial clout to rescue...
 

Overlord: Raising Hell coming to PS3

50°
361w ago - Codemasters revealed today that the Overlord series (previously only available on Xbox 360 and PC) is coming to the PS3 and is expected for release this Summer.

The PS3 version will feature the full Xbox 360 Overlord game released last year, plus all of the downloadable content that has been released to date.

To quote: "Use the Minions tactically and they'll always be on hand, ready to sacrifice themselves just to save the Overlord's illustrious arse", says Codemasters.

"Summer" is as specific a release date as Codemasters offers at the moment. One of the first PS3 screens is below:
 

Total Overdose Devs Reveal Faith and a .45

50°
366w ago - Denmark based Total Overdose and Chili Con Carnage developer Deadline Games has announced its latest next-gen shooter, Faith and a .45, promising "an original take on the Great Depression" with its Bonnie and Clyde-esque storyline.

Deadline says the game is a "gritty, cross-country epic" featuring a "heavy focus on characters, co-operative gameplay, road movie storytelling, and cinematic aesthetics."

Faith and a .45 tells the story of "two outlaw lovers destined to go down in history," Luke and Ruby, who will battle "an oppressive enemy force, led by a ruthless, corrupt oilman who's out for their blood."

Though no further details have yet been announced, the company says it will be revealing more on the game to selected publishers at this year's GDC.

Said Deadline CEO Chris Mottes, "Since we at Deadline have our roots in movie production, we value original stories, settings and characters very highly. Our previous games are testament to this, but we believe Faith is going to take our creative might to a whole new level."
 

PSP Recovery LE Plug-In for 3.80 M33 out now!

50°
367w ago - Ketchup has updated to Recovery LE, a VSH plug-in that allows users to access the recovery menu options on 3.80 M33 custom firmware straight from the PSP cross media bar (XMB).

Changes in this release include full support for 3.80 M33, and an option to toggle the M33 Network Update setting.

Download: PSP Recovery LE Plug-In for 3.80 M33

Changelog:

- 100% functional in 3.80 M33
- [+] adding "M33 network" setting in Advanced.
- Pandora now use (thx to HellCat) hardware functions, since pandora's main functions no longer exist in 3.80.
- [-] Removed : backing up and writing up EEPROM.
 

Warning on e-government 'risks'

50°
375w ago - Governments need to do more to ensure they preserve trust as they put more services online, says a report.

Emerging from a European Commission project, it warns that technology could lessen the trust governments have instilled in citizens before now.

Officials must move beyond security measures to reassure people about how they are being treated, it said.

The report comes as the UK government tries to reassure Britons after losing data records for 25 million people.

Trust network

The report was written by a research body, bankrolled by the EC's Information and Society Unit, that is looking at "citizen-centric" e-government.

The cc:eGov unit points out that increasingly technology, often in the form of websites, is the means by which citizens encounter local and central government.

Frank Harris, author of the report, wrote: "People learn to trust others through experience, and through judgement based on both direct and referred experience."

The danger, he warned, was that these interfaces did not engender the same feelings of trust that have emerged via more traditional routes.

He added that to engender trust in electronic channels required much more than the basic requirements of security.

Citizens may...
 
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