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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.

3 of 302 comments (clear)

  1. Re:In other news... by Anonymous Coward · · Score: -1, Troll

    I'm sorry, I give a shit about this WHY?

  2. Dear Microsoft employee by Anonymous Coward · · Score: -1, Troll

    Douglas Copeland said hello. As a shareholder your desire to see good in server sales is worrying if you think your posting to slashdot will increase them then you better be wary of the penguin followers.



    Beware of uncle Tux



    So do you want to see a patent fight between Linix and MS ? yes ? to help your shares ?

  3. Re:Ballmer: "Google's not a real company..." by Anonymous Coward · · Score: -1, Troll

    What's the matter? Is the Micro-soft-dick whore that you are upset by the rejection from tiny Yahoo?