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 Headlines - Updated March 6th
- Fri,1:10 PM
- TMO Daily Observations 2015-03-06: Mac GateKeeper Security Flaw, Apple’s Same-sex Marriage Support
- 1:09 PM
- BlueVIBE EXS+ Wrap-Around Bluetooth Headphones - $19.99 (Today Only)
- 11:24 AM
- Apple, other Companies Push Supreme Court for Same-sex Marriage Support
- 10:00 AM
- Dow Jones Industrial Average Drops AT&T for Apple
- 9:14 AM
- Apple Watch isn’t Here Yet, but the Fart Apps Are
- 8:55 AM
- OS X Photos Beta: Scrubbing Through Thumbnails
- Thu,8:36 PM
- How to Print Envelopes from Contacts on Your Mac
- 7:04 PM
- The Ultra-Premium Mac Bundle Extended for One Week at $44.99
- 5:59 PM
- Apple Will Pull Aperture this Spring, But It Will Continue to Work
- 3:40 PM
- Apple’s OS X Gatekeeper Leaves Hole Open for Malware and Adware - Here’s How to Protect Your Mac
- 3:30 PM
- China Forcing Apple to Choose: Customer Privacy or Revenue
- 1:46 PM
- TMO Daily Observations 2015-03-05: iPad Pro Design Rumors, HBO Now for Apple TV
