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Thread: Yahoo Board to Reject Microsoft

  1. #1
    Broken's Avatar Obama Supporter
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    Yahoo Inc.'s board plans to reject Microsoft Corp.'s $44.6 billion bid to buy the Internet pioneer, The Wall Street Journal reported on its Web site Saturday.

    Board members concluded the unsolicited offer massively undervalues the company, a person familiar with the situation told the newspaper.

    The bid was made public Feb. 1.

    related story

    Source: http://finance.comcast.net/www/news..../09/883389.xml

  2. News (Archive)   -   #2
    Busyman™'s Avatar Use Logic Or STFU!
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    Good. I have M$ stock and Yahoo would have been a drag.

  3. News (Archive)   -   #3
    asmithz's Avatar Hi-Definition
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    Yahoo has formally rejected Microsoft's USD 44.6 billion takeover bid.

    In a statement, Yahoo said that its board "unanimously concluded that the proposal is not in the best interests of Yahoo and our stockholders." Yahoo also said that the offer substantially undervalues the company, failing to take into account its strong brand and global audience.

    "The board of directors is continually evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for all stockholders," the statement read.
    Update in story

  4. News (Archive)   -   #4
    snowultra's Avatar Member
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    good, im sick of microsoft owning everything

  5. News (Archive)   -   #5
    Hairbautt's Avatar *haircut
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    I couldn't ever see them as the same
    _________________________________________________________________________________________
    Last edited by Alien5; Jun 6th, 2006 at
    06:36 PM..

  6. News (Archive)   -   #6
    whats going to be the new yahoo page.. lol

  7. News (Archive)   -   #7
    Poster BT Rep: +25BT Rep +25BT Rep +25BT Rep +25BT Rep +25
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    let as wait to se the news

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