| « Unemployment Rate hits 5.1 percent in March | Yahoo Turns Microsoft Down Again » |
Yahoo Turns Microsoft Down Again
![[mail]](img/envelope.gif){kind=small}
| Categories: Announcements [A] Business News - As of Monday, April 7, Yahoo has turned down Microsoft's most recent bid to buy the company. Microsoft had bid about $44.6 billion on February 1. This represented an offer that was worth about 62% above current market value of Yahoo's shares.
In their letter to Microsoft, Yahoo chief honchos Jerry Yang and Roy Bostock claim the offer is too low and doesn't reflect recent moves Yahoo has made to shore up their sometimes sagging fortunes. Those moves include a new three year financial plan, and the recent unveiling of their new AMP advertising management platform.
Many observers think there be more to this story than dollars and cents. In his response to Yahoo Steve Ballmer, Microsoft CEO questioned why Yahoo would seek competitive bids from other potential buyers like Google, News Corp and Time Warner, but would not negotiate with Microsoft. Ballmer suggested Microsoft might have to go directly to shareholders.
Trade show displays -Wide selection of portable trade show displays, pop up displays, truss sytems, and exhibit booths with custom printed graphics.
An end mill is a cutting tool using in industrial milling applications.
No feedback yet
Comment feed for this postLeave a comment
