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Yahoo To Reject Microsoft Bid

Posted by kdawson on from the so-say-sources dept.

Many outlets are echoing a subscribers-only report in the Wall Street Journal that Yahoo's board has decided to reject Microsoft's takeover offer. The NYTimes offers the only other independent reporting so far confirming this claim. The report says that Yahoo will formally reject the offer in a letter on Monday, since they believe it "massively undervalues" the company. Microsoft offered $31 per share, a 62% premium on the stock price at the time, for Yahoo; but the latter believes that no offer below $40 per share is tenable. The AP has some background on Yahoo's options in responding to the bid.

4 of 302 comments (clear)

  1. Not smart by horcy · · Score: 1, Flamebait

    I think Yahoo! makes a big mistake here. Stock will fall even lower then the $19,18 it was at the moment of the hostile take over from MSFT. We'll see what happens.

    --
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  2. Re:What happens next by rainhill · · Score: 0, Flamebait

    (4) throw some chairs

  3. Re:My bet... by Anonymous Coward · · Score: -1, Flamebait

    Exactly what limit would Microsoft+Yahoo exceed that isn't already exceeded by Microsoft alone?

    Overall share of the Internet Search and Advertising business stream, of which Microsoft and Yahoo (and everyone else except Google) account for less than 33% with the remaining >67% belonging to Google.

    The only reason the EU would declare an anti-trust concern is because they're the EU, and making sense has never been a factor in their fining, hindering and/or harassing Microsoft at every opportunity (or, sometimes, just because they're bored).

    -AC

  4. Re:Frankly, my dear, I don't give a damn. by Anonymous Coward · · Score: -1, Flamebait

    Here's a suggestion: fuck off and die, you tedious cunt.