Yahoo’s Buy-Out Offer Deadline Closes In
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.
Filed under: Business, Microsoft, Yahoo —
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