Yahoo May Reply to MS Bid on Friday
Yahoo May Reply to MS Bid on Friday
by , 11:40 AM EST, February 8th, 2008
Internet search company Yahoo may be ready to reply to Microsoft's unsolicited buy out offer as early as Friday. Apparently a special Yahoo board of directors meeting is scheduled for some time today to make a final decision, according to TechCrunch.
Microsoft presented Yahoo with a take over bid on February 1 for US$44.6 billion after the search company reported a 23 percent drop in earnings and that it was laying off about 1,000 employees. Microsoft spun its offer as a way for Web surfers to have more than just Google as option for online services.
Both Microsoft and Yahoo have been trailing Google's popularity for some time, and joining forces could let the two create an online presence that takes a bigger piece of the advertising revenue market.
Following Microsoft's offer, Yahoo said in a press statement that its "Board is going to evaluate all of Yahoo's strategic alternatives and pursue the option that it believes can best maximize value for our shareholders."
Recent TMO Headlines - Updated May 19th
- Wed, 5:22 PM
- Apple and Google App Store Policies Get Slammed in New Study By India Developers
- Wed, 4:30 PM
- Retrofy Your Computer with This Old School Icon Set Inspired by the '84 Macintosh
- Wed, 4:25 PM
- Apple YouTube Ad Highlights How the iPhone Can Protect User Data from Brokers
- Wed, 4:12 PM
- How and Why to Use Zoom on Apple Watch
- Wed, 3:49 PM
- Data Shows Netflix Continues to Lose Subscribers, Including Long-Time Users
- Wed, 2:34 PM
- Apple Introduces Professional Training to Help Growing IT Workforce
- Wed, 2:21 PM
- Google Russia Forced to Declare Bankruptcy
- Wed, 1:25 PM
- Apple Executive Ian Goodfellow Leaves Company to Rejoin Google
- Wed, 1:16 PM
- Quanta Considering Relocation of MacBook Pro Factory to Increase Production
- Tue, 4:40 PM
- Star Wars Future Unveiled by Disney
- Tue, 4:18 PM
- Apple Facing Lawsuit Claims AirPods Ruptured Child's Eardrum after Amber Alert
- Tue, 3:39 PM
- Apple Delays Stricter In-Person Work Requirements Citing Rising COVID-19 Cases