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  Yahoo builds up defense against Microsoft
Time: 00:44 EST/05:44 GMT | News Source: TG Daily | Posted By: Kenneth van Surksum

Yahoo has published some numbers which the company claims provide some insight why the company has rejected Microsoft’s 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 Microsoft’s $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 Yahoo’s 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 Microsoft’s current offer, stating that the company’s 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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