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Yahoo Slaps Down Microsoft Offer

Says that offer "massively undervalues" Yahoo

By · February 9, 2008 · 12 Comments
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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.

>>> More to come

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There are 12 Comments. Add Yours.
  1. Like (0) Dislike (0)
    Shams

    It still means Yahoo! is interested. Only factor is valuation. That’s bargain.

    Reply
    • Like (0) Dislike (0)
      Allen Taylor

      It doesn’t mean Yahoo is interested. It means they haven’t rejected the offer outright. There is a difference.

      Reply
  2. Like (0) Dislike (0)
    Rob

    May the shareholder lawsuits start to rain and Yahoo’s stock plummet down to 0 for morons!

    Reply

  3. I don’t understand why this is likely to spark shareholder lawsuits?

    Reply
  4. Like (0) Dislike (0)
    Marc

    Good for Yahoo!! I personaly think they are doing the right thing.
    1 for Yahoo
    0 for the Borg

     

    Reply
  5. Like (0) Dislike (0)
    Guest

    I think Microsoft will some how buy Yahoo to make a mark in online advertising.

    Reply

  6. I can’t believe it, amazing!

    Reply
  7. Like (0) Dislike (0)
    ??????

    woooow i love it

    Reply
  8. Like (0) Dislike (0)
    modern area

    Very informative post, adding it to my favourites!

    Reply

  9. I am really enjoying the series.

    Reply

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