Yahoo Likely to Reject Microsoft Bid || The Mac Observer

Skip navigational links

Choose text size:

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
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

Show: Subjects Only | Full Comments

Close Name:Tiger Posts: 1018 Joined: 17 Jun 2003
Mon Feb 11, 2008 10:59 am Subject: Has to be said.

Yahoo!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Reply | Quote

Comment on this Article

Guest Posts Visible. Hide Them.
Back to top Page 1 of 1

You cannot edit your comments. You cannot delete your comments.

Comments are currently closed. Please email the author instead.

Recent Headlines - Updated November 22nd

Fri, 7:07 PM: Games - Soccer Sim Championship Manager 2010 Released for Mac
6:47 PM: Games - EA Publishes Original Monopoly for iPhone
6:15 PM: News - Original Apple I on Ebay for $50K, w/Letter from Steve Jobs
6:11 PM: Games - New iPhone Games: Secret of the Lost Cavern Ep 1, New DJ Nights, More
5:47 PM: Games - Star Trek D-A-C Game Headed to the Mac Next Month
4:57 PM: Product News - TidBITS Releases “Take Control of Syncing Data in Snow Leopard”
4:26 PM: John Martellaro's Blog - Particle Debris (week ending 11/20) Stationery Pads Go Poof
2:59 PM: Free on iTunes - Musée du Louvre, Art Lite, SketchBook Mobile X and More.
1:50 PM: Deal Brothers - Acer P215H bmid 21.5” Widescreen LCD Monitor: $139.99
11:24 AM: TMO Appearances - Jeff Gamet Shares More Holiday Gift Ideas on MacJury
10:43 AM: Product News - Cocktail 4.5 for Leopard Adds QuickLook Cache Clearing
10:06 AM: News - Hack Enables Mac OS X 10.6.2 on Netbooks

The Mac Observer Reader Specials

TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
OWC: Get the Right Memory for Your Mac Top Quality, Competitive Price, Lifetime Backed Free Expert Support + Installation Videos too! MacBook & mini 8GB, iMac 16GB, Mac Pro up to 32GB. Click here
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!
For 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.

© The Mac Observer, Inc. -- All rights reserved. All information presented on this site is copyrighted by The Mac Observer, Inc. except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another frame. The Mac Observer is an independent publication and has not been authorized, sponsored, or otherwise approved by Apple, Inc.