Yahoo rejects Microsoft – “now go away or I shall taunt you a second time”

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Yahoo now says Microsoft didn’t offer enough – the offer was $31 per share which was just over 60% over the share price at that time. It also consisted of half cash, half stock of which the latter lost value recently.

Observers think that Microsoft will make another bid and I agree; strategically Microsoft need this purchase to secure a leading position in the various markets they are involved in. Without this, Google’s dominance will cause a ruckus in the MS org I’m sure… Other rumours suggest that Yahoo is looking to court other buyers such as Time Warner – whether this is to force Microsoft’s hand or whether they have some other motive one can’t conclusively say…

My articles (original) (follow-up)

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