Yahoo Likely to Reject Microsoft Bid
Yahoo Likely to Reject Microsoft Bid
by , 7:55 AM EST, February 11th, 2008
Internet search company Yahoo will likely reject Microsoft's unsolicited buy out offer on Monday. Yahoo's rejection could see Microsoft sweetening its offer, or it could lead to a hostile takeover attempt, according to The Wall Street Journal.
Sources close to the matter claimed that Yahoo's board felt that Microsoft's US$44.6 billion buyout offer undervalued the company. Apparently, the company's board held a special meeting last Friday to discuss Microsoft's offer.
While a hostile takeover attempt is possible, Microsoft may be reluctant to pursue that avenue since it could cause key employees to leave. Microsoft is more likely to bump its offer up above its current $31 a share price point, but Yahoo is looking for at least $40 a share -- a number Microsoft may not be willing to meet because it would add an additional $12 billion to the deal.
Yahoo is expected to notify Microsoft of its decision by letter sometime on Monday.
Observer Comments
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated July 6th
- Mon, 11:17 AM
- Ted Landau's User Friendly View - Apple’s LED Cinema Display: A Too Short Story
- 11:11 AM
- Product News - Photo Recovery for Mac Adds Photoshop Support
- 10:39 AM
- Hot Forum Topic - iPhones in Education
- 8:47 AM
- News - Apple Employee Injured in Store Shooting
- Fri, 10:29 AM
- News - Apple Warns of Learning Interchange Security Breach
- 7:30 AM
- News - Happy Fourth of July!
- Thu, 6:07 PM
- TMO Scoop - Psystar Moves to Drop Bankruptcy Ahead of Apple Legal Battle
- 5:37 PM
- News - Uncomfirmed Reports Say Apple & Nvidia On The Outs
- 4:57 PM
- News - Microsoft Sick Over Barf Ad
- 4:09 PM
- Product News - KRK Ships R6 Passive Studio Monitor for Recording
- 3:45 PM
- John Martellaro's Blog - Particle Debris (week ending 7/2) Juiced, Joost and Goosed
- 3:12 PM
- Product News - ExactScan 2 Pro Released
The Mac Observer Reader Specials
- Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
OWC: Juice up your iPod w/NewerTech High Capacity Battery from $19.99. Free Installation. Videos for most models. Pro Installation Service w/FedEx Shipping
From $57.95 (Battery Included). 
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!
RamJet Memory: MacBook and MacBook Pro 4GB kits for $57.99! Mac Pro 4GB Kits $99.99! iMac and Mac mini 4GB Kits for $57.99! 1TB SATA Hard Drives for $109.99! Click hereFor the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
