Posted on 02/09/2008 9:53:54 AM PST by John Jorsett
Yahoo Inc.'s board plans to reject Microsoft Corp.'s unsolicited $44.6 billion offer to acquire the Web giant, a person familiar with the situation says.
After a series of meetings over the past week, Yahoo's board determined that the $31 per share offer "massively undervalues" Yahoo, the person said. It also doesn't account for the risks Yahoo would be taking by entering into an agreement ...
(Excerpt) Read more at online.wsj.com ...
Can you say, “Proxy Fight?”
I don’t really care what reason they give; I’m just glad they rejected it. I want Yahoo! to stay the way it is as it’s been my preferred portal forever.
The market has said it was only worth about $22 a week ago.
That was Animal House IIRC.
That won’t make stockholders happy.
Shoot. Now I feel stupid. Of course.
Yea! Like when the Germans bombed Pearl Harbor! LOL
Yahoo will come to regret their lack of vision.
The people who bought Yahoo at 180 must be asking recent weakness, Did I miss out on some recent strength?
The board is crapping all over shareholders. Microsoft offered a 60% premium for Yahoo stock and the board says the offer isn’t enough?!?
They are acting in their own best interests, not in the interests of shareholders. Yahoo will be down big on Monday on the news.
stockholder should sue the board for malfeasance...the offer is way over the value...if yahoo stock sinks and the company goes down the tube....microsoft will by the carcass for a song!!!!
They(share holders) turn it down at their peril.
Wow. This is going to get very interesting.
If they don’t 44 billion, I’m willing to take some of it.
Yahoo has more website hits/views than both MSN and Google combined....so ‘down the tube’ not likely. Yahoo just doesn’t have the resources of either Microsoft or Google.
Actually it’s been interesting for a year or so....dirt in all 3 camps:
http://blogs.zdnet.com/micro-markets/?cat=7&paged=2
This was just round 2 of a 10 rounder....oughta keep the arbitrageurs guessing for months (if not years). Those who shorted YHOO Friday...congrats!
Won’t matter squat, when Hillary/McCain become president these entities will be nationalized. All in the name of the common good. The internet will be controlled by the msm and the fairness doctrine will be applied ten fold. Bloggers will be required to allow ten postings of different views for every view they express. Think I’m kidding? It’s the way socialists think.
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