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Yahoo rejects Microsoft approach | |
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| Time: 10:54 EST/15:54 GMT | News Source: BBC | Posted By: Byron Hinson | ||
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Yahoo has rejected a takeover bid worth more than $40bn (£20.5bn) from software giant Microsoft because it is too low. Yahoo said the offer "substantially undervalues" the company and is not in shareholders' interests. Microsoft's offer was worth $31 a share, 62% above the level at which Yahoo stocks were trading when the offer was made on 1 February. A merged Microsoft and Yahoo would be one of the biggest technology firms, and would rival industry leader Google. | ||
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| #1 By 8556 (12.210.39.82) at 2/11/2008 11:12:00 AM |
| I heard that yahoo bought everyone on their board strings of garlic to wear. Saying no turns out to smell better. |
| #2 By 28801 (65.90.202.10) at 2/11/2008 11:21:18 AM |
| This may work out for MS. I'm no fan of this deal, but I would wait about a month or more for Yahoo stock to drop then offer even less (that's probably why I'm just a programmer). |
| #3 By 3653 (65.80.181.153) at 2/11/2008 1:08:46 PM |
|
It appears msft put their yahoo money in a checking account, and bought Danger with the 10 days worth of interest.
http://www.danger.com/press/pr.php?cat=2008&id=20080211 No IPO for you Danger! This post was edited by mooresa56 on Monday, February 11, 2008 at 13:09. |
| #4 By 254367 (125.164.237.42) at 12/3/2009 1:24:49 AM |
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http://gadgetmu.net
http://videoplane.blogspot.com http://ncellphone.com http://yznews.co.cc http://ramadhan-blog.blogspot.com http://animewallpaperss.blogspot.com http://usnewss.blogspot.com |
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