Yahoo Board Rejects Microsoft’s Bid

February 10th, 2008 • Related • Filed Under

According to the Wall Street Journal, Yahoo’s board will be declining Microsoft’s offer of $44.6 billion USD.

Yahoo will be sending their decision to Microsoft on Monday. Microsoft’s offer equates to $31 a share, and according to the Wall Street Journal’s source, Yahoo is looking for an offer of $40 a share or greater. The initial offer by Microsoft was valued at 62% greater than the worth of Yahoo’s stock, and now they reportedly will tell Microsoft that they want at least 30% more than the original offer.

This is just the beginning, and it will be interesting to see how negotiations between Microsoft and Yahoo’s board develop. Will Microsoft come back with a higher bid, or will a hostile takeover ensue?

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Michael was a bass player in a hardcore punk band in the 80's and spent the 90's building and riding custom Harleys. As strange a combination as it may seem, Mike also has some coder and sysadmin in his history as well. At 42 Mike's now a husband and dad, and works as a Corrections Officer in a maximum security lockdown unit by day, and is admin at AV Enthusiast and contributor to Connected Internet when time allows. Mike is also passionate about food and travel.

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There Are 4 Responses So Far. »

  1. #1

    Comment by teddY on 10 February 2008:

    Thank God Microsoft failed to purchase Yahoo. There’s been a big hoohah on the Internet a few days ago when many Yahoo! (especially Flickr) users learnt about Microsoft’s bid to buy Yahoo, and there’s a big concern about privacy issues as well. I’m just glad that the deal didn’t went through.

  2. #2

    Comment by Animati on 11 February 2008:

    O, it’s good news for me - I’m Flickr user :)

  3. #3

    Comment by Jalaj on 11 February 2008:

    I think even if Microsoft fails to purchase Yahoo it has successfully sent the masseage that IT IS capable of purchasing something as big as Yahoo!

  4. #4

    Comment by Edward on 15 February 2008:

    On Monday, Yahoo officially rejected Microsoft’s buyout offer. I think that a good decision. Yahoo has more power in online media services than Microsoft. I like to use YM than MSN. So if Microsoft acquire Yahoo, YM will be subtituted by MSN, and that a bad idea.

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