The Mac Observer

Skip navigational links

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:
Microsoft's Yahoo Bid Not Going Up

Microsoft's Yahoo Bid Not Going Up

by , 10:15 AM EDT, April 1st, 2008

Microsoft's US$44.6 billion buy out bid for Yahoo isn't likely to go up any time soon. Sources close to Microsoft claim the company has no interest in offering more money for Yahoo since it appears that there aren't any other buyers lining up, according to the Wall Street Journal.

One unnamed source commented "There's no reason to bid against ourselves."

Reports in March, however, seemed to indicate that Microsoft was considering an increase in its buy out offer. Citigroup analyst Mark Mahaney commented at the time ""While we continue to see no other competing bidders, we believe Yahoo is aggressively pursuing strategic alternatives. We believe this could serve as a forcing function to a higher Microsoft bid."

Microsoft presented Yahoo with an unsolicited buy out offer early in February following the Internet search and advertising company reported a 23 percent drop in earnings. Yahoo shot down the offer claiming that Microsoft's bid was undervaluing the company.

Despite the Yahoo rejection, Microsoft has maintained that it plans to continue pursuing the buyout. The company stated "Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo's shareholders are provided with the opportunity to realize the value inherent in our proposal."

Observer Comments

Show: Subjects Only | Full Comments
Comment on this Article

Comments are currently closed. Please email the author instead.


Recent Headlines - Updated July 6th

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
1:56 PM
Deal Brothers - Apple TV with 160GB Hard Drive:  $324.00 Delivered
12:46 PM
TMO Appearances - TMO Appearances Jeff Gamet Shares iPhone Apps on MacJury
10:41 AM
Product News - Art Text 2.2 Adds New Templates, Layer Options [Updated]
10:04 AM
Hot Forum Topic - Deciphering Mac Sales

The Mac Observer Reader Specials

  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!