WSJ: YAHOO TO REJECT MICROSOFT OFFER
Cory Bergman February 9th, 2008
Lots of news for a Saturday. The Wall Street Journal just posted a story that says Yahoo’s board will spurn Microsoft’s offer because it “massively undervalues” Yahoo and doesn’t take into account the risks involved if regulators nix the deal. Microsoft offered $31 a share — a 62 percent premium at the time of the offer — but the WSJ says a source said the company probably wouldn’t listen to anything under $40 a share. So would Microsoft go hostile? Unlikely, as that would cause “deep resentment” among the rank-and-file engineers, the Journal reports. And Yahoo has taken the “poison pill” provision to help prevent a hostile takeover. (WSJ sub. req.)
1 Comment Add your own
1. Renee | February 9th, 2008 at 10:53 pm
This is going to be an interesting battle to watch play out. Microsoft, Yahoo, and Google…from WSJ.
“Yahoo’s board has been considering various other scenarios, including a search advertising partnership with Google Inc.”
Google will not let the acquisition go dow.
Leave a Comment
(Please keep URLs out of the comment body or the spam filter will block you.)Subscribe to the comments via RSS Feed