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By - Darren Straight

Yahoo Board to Reject Microsoft Bid

The Wall Street Journal┬áhas news that a person familiar with the Microsoft bid of Yahoo knows that Yahoo Inc.’s board plans to reject Microsofts unsolicited $44.6 billion offer to acquire the Web giant.

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 that might be overturned by regulators. The board plans to send a letter to Microsoft Monday, spelling out its position.

Yahoo’s board believes that Microsoft’s is trying to take advantage of the recent weakness in the company’s share price to “steal” the company. The decision to reject the offer signals that Yahoo’s board is digging in its heels for what could be a long takeover battle. The company is unlikely to consider any offer below $40 per share.

It’s unclear as of yet whether Microsoft would be willing to pay such a premium, which would increase the value of its original cash and stock bid by more than $12 billion but the┬árejection comes as Yahoo’s board has been considering various other scenarios, including a search advertising partnership with Google.

2 thoughts on “Yahoo Board to Reject Microsoft Bid

ycl October 30, 2009 at 9:19 am

One of the biggest benefit of webapps is no installation required. There are thousand of webapps and I have made a webapp to search all iphone apps easily on iphone. The application list is updated daily from Apple website. It includes all apps approved and rejected by Apple. It is designed specially to use on the iphone so that you can get the application you want instantly.

If you are rejected by Apple to list your application, you can submit your iphone webapps at http://ipoh.blogdns.com/. It is 100% free and searhable. Please make an introduction to your work at the forum.

All are welcome!

Tuhkneefe July 14, 2011 at 8:04 am

forkndaveOn a serious note. I’ve forgotten to turn off scheduled maintenance and the A/V come on for a scan during the burn. I got a problem with the video from that. The rip was clean so I just burned again and it came out good the 2nd time. So we can get away with a lot, but some things come back and bite us.’Brobear’ I was an earth-rim walker, a lurker at the threshold of the abyss. – Grendel –

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