Yahoo Board to Reject Microsoft Bid

A not so subtle way of asking MS to raise the bid…

After a series of meetings over the past week, Yahoo’s board determined that the $31 per share offer ‘massively undervalues’ Yahoo, the person said. It also doesn’t account for the risks Yahoo would be taking by entering into an agreement that might be overturned by regulators. The board plans to send a letter to Microsoft on Monday, spelling out its position.

Yahoo’s board believes that Microsoft’s is trying to take advantage of the recent weakness in the company’s share price to ‘steal’ the company. The decision to reject the offer signals that Yahoo’s board is digging in its heels for what could be a long takeover battle. The company is unlikely to consider any offer below $40 per share, the person said. [WSJ]

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One Reply to “Yahoo Board to Reject Microsoft Bid”

  1. Приветствую всех!
    У меня такой вопрос,кто что интересное подскажет буду признателен.
    Мы с друзьями собираемся поехать в круиз по просторам России и ближнего зарубежья месяца на два на своих машинах,но не как не можем согласовать маршрут,если у кого уже был опыт такого путешествия,может,что посоветуете.Девчонок с собой не берем,думаем,что во все городах России с этим не будет проблем,если у кого будут рекомендации и в вопросе отдыха с девушками тоже буду признателен.

    С уважением Сеньчик

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