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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.
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Comments
best news for tonight i must say
i thinks it`s a good report to hear today, didnt want microsoft take over the net. that`s yestrday news and i`m glad it is. טכנאי מחשבים
I think Microsoft will some
I think Microsoft will some how buy Yahoo to make a mark in online advertising.
Bully for Yahoo!!
Good for Yahoo!! I personaly think they are doing the right thing.
1 for Yahoo
0 for the Borg
Why?
I don't understand why this is likely to spark shareholder lawsuits?
Read this topic.
Lawsuits already started. http://snipurl.com/1zl33
Morons at Yahoo.
May the shareholder lawsuits start to rain and Yahoo's stock plummet down to 0 for morons!
It still means Yahoo! is
It still means Yahoo! is interested. Only factor is valuation. That's bargain.
It doesn't mean Yahoo is
It doesn't mean Yahoo is interested. It means they haven't rejected the offer outright. There is a difference.
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