Yahoo rejects Microsoft buyout offer as undervalued

[petrosc]

SAN FRANCISCO - Yahoo Inc. spurned Microsoft Corp.'s $44.6 billion takeover bid as inadequate Monday, betting that it can elicit a higher offer from the world's largest software maker or find another way to deliver a comparable payoff to its shareholders.

The rebuff by the slumping Internet pioneer had been widely anticipated after word of Yahoo's intention was leaked during the weekend.

In its formal response, Yahoo said its board had concluded Microsoft's unsolicited offer "substantially undervalues" the Sunnyvale-based company.

Yahoo indicated it could be lured to the negotiating table if Microsoft ups the ante, without mentioning the price it has in mind.

Read the entire article here:
http://news.yahoo.com/s/ap/20080211/ap_on_hi_te/microsoft_yahoo_25;_ylt=AvxpJvpVbsn5CgtBM6ZPHCSGOrgF


Its interesting to see how this will evolve. Will MS counteroffer?

 

[Johnn]

Big boys playing games.

 

[domain newbie]

Big boys playing games.

i said that - they hooked up - bustard$ and so obvious .. !

 

[Seraphim]

I smell Google.

 

[Devil Dog]

Famous Last Words......

 

[hugegrowth]

I think it's a good thing.

Yahoo is talking to AOL now.

 

[domain newbie]

Yahookers are not clever- they waiting for m-soft to raise a bid, i predict m-soft will back off and aol will back off- everybody will back off and yhookers will drop back to where they came from or even lower after highly publicized rejection

they are not worth that- every clever investor know that

how many of you use yahoo mail or search - none- they are not progressive enough comparing to goog

rip yahoo

 

[hugegrowth]

Microsoft was willing to pay around $40 a share for yahoo not long ago, so I think they've left some room to up their bid. They just tried a lowball offer in this down market.

 

[stock_post]

I don't think Google will be able to buy yahoo.
FTC may not approve that.

 

[petrosc]

Here is another interesting thing:

http://news.yahoo.com/s/afp/2008021...80211182056;_ylt=Ak5TAiR_kqoIN7yLciwhxttk24cA

Google meanwhile has condemned Microsoft's effort as an attack on the independence of the Internet.

"Microsoft's hostile bid for Yahoo raises troubling questions," Google's chief legal officer David Drummond said in a written statement.

"This is about more than simply a financial transaction, one company taking over another. It's about preserving the underlying principles of the Internet: openness and innovation."

 

[Focus]

I'm going to submit my bid later today...hope they accept

 

[Dale Hubbard]

If it's going to go, it will go to Google.

 

[petrosc]

If it's going to go, it will go to Google.

let's pray that it doesn't

 

[draggar]

I don't think Google will be able to buy yahoo.
FTC may not approve that.

Rumors say that Google has other plans...

 

[Dale Hubbard]

I don't think Google will be able to buy yahoo.
FTC may not approve that.

Like they would have a harder time approving an MSN deal?

 

[whitebark]

Yahoo will just continue to die their slow death. Greed has gotten the better of them. This time next year when their situation is even worse than it is today they will probably jump at a new lower offer. That is especially true if the US economy continues to plummet and bring others with it.

 

[denny007]

Google meanwhile has condemned Microsoft's effort as an attack on the independence of the Internet.

Its chutzpah Google saying this as they have major marketshare on search and PPC...

 

[Poker]

For anyone who owns YHOO, from a stock market perspective the stock could easily return from whence it came ($19) if MSFT deal falls thru and no one else comes forward...if i owned it i would consider it a gift horse right now

 

[dcristo]

If it's going to go, it will go to Google.

Why would G want them?

 

[Dale Hubbard]

Monopoly .