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Yahoo Slaps Down Microsoft Offer

Says that offer "massively undervalues" Yahoo

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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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Yahoo Slaps Down Microsoft Offer
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  • http://www.shamskm.com Shams

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

    • http://www.blogcontentprovider.com Allen Taylor

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

  • Rob

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

  • http://www.the-yicrosoft-directory.com/ Richard Ellender

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

    • beth

      Lawsuits already started.  http://snipurl.com/1zl33

  • Marc

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

     

  • Guest

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

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