Yahoo has published some numbers which the company claims provide some insight why the company has rejected Microsofts acquisition offer. The firm unveiled a presentation to investors with financial expectations until 2010, which the company believes provides enough evidence for the claim that Microsofts $44.6 billion offer undervalues the company.
The announcement comes after Microsoft said that its directors and executive officers will actively solicit Yahoo proxies and Yahoos move to delay a deadline on which directors were to be nominated. Yahoo now appears to be building its case that either it does not need to accept Microsofts current offer, stating that the companys global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential would call for a substantially higher offer.
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