Friday, October 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Facebook Returns To Chat Roots With Rooms App
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 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
Microsoft To Keep Nokia Brand For Low-end Smartphones
Cloud and Surface 3 Drive Microsoft's Revenue
Yahoo Reports High Revenue and Profit
Microsoft And Dell Puts Azure In A Box
Microsoft To Launch A Wearable Device Soon
Will Revamped Tumblr Compete With Youtube?
Microsoft CEO Apologizes For Suggesting Women not Ask for Raises
Microsoft says Samsung owes Millions in unpaid Patent Royalties
Yahoo To Shutter More Products, Responds To Proxy Battle
Microsoft Wireless Display Adapter Connects Miracast Devices to HDTVs
Microsoft Releases New Arc Touch Bluetooth Mouse, PC Accessories
Microsoft To Hold Next-generation Windows Event

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .