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It doesn't mean Yahoo is interested. It means they haven't rejected the offer outright. There is a difference.
13 commentsSaturday, February 9, 2008
By Rich Ord
Breaking ... According to reports Yahoo has rejected Microsoft's $44.6 billion offer and plans to write a letter to Microsoft on Monday outlining its objections.
The Wall Street Journal reports that a Yahoo source says that the Board felt that Microsoft was trying to "steal" the company. The same source stated that Yahoo wouldn't consider an offer below $40 per share which would cost Microsoft another $12 billion.
This rejection is likely to spark shareholder lawsuits if Yahoo's stock price plummets back down to pre-offer levels.
>>> More to come
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It still means Yahoo! is
It still means Yahoo! is interested. Only factor is valuation. That's bargain.