Yahoo Turned Down Microsofts $44 Billion Offer
Do you think Yahoo’s decision to turned down Microsoft’s big deal offer is quite impressive? According to some financial analysts, Microsoft’s offer is quite sufficient contradicting to what Yahoo! said in which Microsoft’s bid undervalue the company. Well, hopefully Yahoo’s decision would not lead into a disaster.
Yahoo has rules in place that prevent Microsoft from being able to buy more than a 15 percent stake in the company directly from shareholders, so a board-circumventing “tender offer” is not feasible.
Reports indicate Yahoo wants at least 40 dollars per share and that Microsoft considers 35 dollars a top bid.
On February 1, Microsoft unveiled what it called “a generous” offer to take over Yahoo, in an effort to merge the world’s biggest software company with a major Internet player to take on search and advertising juggernaut Google.
I was just wondering why is it so difficult for Microsoft to popularized msn.com or live.com to compete with Yahoo or Google. $40 Billion for anyone who could beat Google or Yahoo’s Algorithm ….. anyone?
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