Wealth Today

Today’s the final day for Yahoo to respond to Microsoft’s takeover offer from February 1st 2008. The truth is, they have already responded. Yahoo’s told them that at $31 a share, they’re undervaluing the company. Yahoo feels the massive organization is worth $40 a share. Microsoft has threatened that to not accept this offer may instead cause them to receive worse offers in the future. It’s possible that Yahoo’s stockholders may vote pro-Microsoft members onto the board at the next opportunity. I still say we haven’t seen the last of it yet. It seems as though it will be tough for Yahoo to avoid it in the long term.