Home | SEO

Yahoo! to reject Microsoft’s £23bn bid?

Alex Christie

12 February 2008

According to a report released by The Wall Street Journal, Yahoo’s board plans to reject the £23bn offer made by Microsoft.

Citing ‘persons familiar with the situation’, the WSJ reported that Yahoo!
board members concluded that the offer from Microsoft massively undervalued the
company.

The £15.93 per share bid, that was made public on February 1, is believed to be Microsoft taking advantage of the recent slump in the share price.

The Yahoo! board are not willing, or rather ready, to consider a offer below £20.56 per share. A £20.56 per share bid would raise Yahoo’s price by about £6.2bn, valuing the company at around £28.8bn.

LEAVE A COMMENT

IF YOU LIKED THIS POST, YOU MIGHT ALSO LIKE THESE:

Yahoo! Who want a piece of them?

News Corp show interest, or do they? The saga of who actually ends up owning or partnering with Yahoo!...

Google makes offer to thwart Microsoft

Yahoo! is considering forming an alliance with Google as an alternative option to Microsoft’s £22.6 billion...

Microsoft renews Yahoo! deal

Just when we thought we heard the last of the bid from Microsoft’s to buy Yahoo, news of another new...

Yahoo! and Google sitting in a tree…

Joint venture on paid search? According to the Wall Street Journal Google is to display some paid ads...

Yahoo employees to be sacked?

Social Networking sites together with slow revenue growth have led to Yahoo considering the firing of...

Grab This Widget