Yahoo To Reject Microsoft Bid

Posted by kdawson on Saturday February 9, 2008 @07:54AM 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.

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In other news... by FlyByPC · 2008-02-09 07:58 · Score: 5, Funny

Redmond weather reports are predicting thunderstorms, with a 90% chance of scattered chair showers.

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Paleotechnologist and connoisseur of pretty shiny things.
Re:Ballmer: "Google's not a real company..." by dotancohen · 2008-02-09 08:46 · Score: 4, Funny

Of course Google is not a real company. If Google was a real company, then Steve wouldn't be buying their competitor. They'd be buying Google.

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It is dangerous to be right when the government is wrong.