Sunday, December 11, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple AirPods Will Miss Holiday Season
Japan Display To Receive ¥50 bil. Support From Government
Google Said to Bring Internet To Cubans
Super Mario Run Won't Play Offline
U.S. Confirms Samsung and LG Dumped Washers
Xiaomi Electric Vehicle Launch on Monday, Yeelight LED Ceiling Light Launched
Hon Hai, Sharp To Build Massive LCD TV Plant In China
U.S. To Review Cyber Attacks Beyond 2016 Election
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Yahoo R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, February 12, 2008
Yahoo Rejects Microsoft's Offer


Yahoo rejected Microsoft's $41.6 billion takeover offer as too low on Monday, forcing the software maker either to sweeten the bid or adopt a hostile approach to clinch a deal.

Microsoft responded by calling its offer full and fair, but stopped short of saying it would not raise its offer.

"As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo's shareholders are provided with the opportunity to realize the value inherent in our proposal," Microsoft said in a statement without specifying what its next course of action would be.

In response to Microsoft's statement, a Yahoo spokesman said it stood by its earlier letter on Monday from the Sunnyvale, California company's board that the Microsoft proposal undervalues Yahoo.

Still, analysts say Microsoft will probably raise its bid, originally valued at $31 a share, to at least $35, but could be persuaded to go as high as $40.

Microsoft wants to complete the largest-ever computer technology merger in a bold strategic move aimed at creating a formidable rival to Web search leader Google.

Yahoo said the offer did not properly assess its audience of 500 million users worldwide, investments in its online advertising platform and its ability to generate cash.

Redmond, Washington-based Microsoft now must decide whether to sweeten its offer, launch a proxy fight or, the least likely option, withdraw.

A more hostile alternative could be to propose a tender offer to buy shares directly from Yahoo shareholders.


Previous
Next
LG.Philips LCD to Become LG Display        All News        Samsung Sued Over Blu-ray Player
Britain Proposes Internat Ban For Illegal Downloaders     General Computing News      Microsoft Stops Online Upgrades For Windows Vista

Get RSS feed Easy Print E-Mail this Message

Related News
European Commission Approves Acquisition of LinkedIn by Microsoft, Subject to Conditions
Yahoo's 2016 Top Searched Celebrities, News Stories, Fashion Trends, and More
Microsoft Is Careful With New Chatbot Zo, Now Available For Testing
Microsoft Offers Grants to Organizations Working to Improve Affordable Internet Access
Microsoft Wants To Bring Something Different in The Smartphone Market
Microsoft's Solitaire Game Now Available On iOS And Android
Microsoft Joins The Linux Foundation, Google Embraces The .NET community
Microsoft Buys 237 Additional Megawatts of Wind Energy
Yahoo Investigates New Hack Claim
Microsoft Introduces Chat-based Workspace in Office 365
Microsoft Identifies Russia-linked Hackers Exploiting Windows Flaw
Microsoft Researchers Reach Human Parity in Conversational Speech Recognition

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .