Just sharing some of my inconsequential lunch conversations with you... RSS  

Sunday, February 10, 2008

Yahoo rejects Microsoft's offer

According to Reuters, Yahoo is set to reject Microsoft unsolicited bid, now worth $42 billion, as too low. Apparently Yahoo could also been considering as option striking a deal with Google to take over its search operations to keep Yahoo independent. Strange as it may seem to many, other bids didn't appear.

Sandeep Aggarwal, an analyst with Oppenheimer & Co, to the San Francisco Chronicle:

To me, it seems like a rejection of the Microsoft offer at its current price, not a rejection of Microsoft.

However, Daniel Taylor, an analyst with Yankee Group, is skeptical about it:

Yahoo's board members have determined that the two companies are incompatible and that Yahoo would be better off merging, if at all, with a more traditional media company.

Yahoo's board is thinking a couple moves ahead, and they're saying 'I don't think that Microsoft is going to pull this off.

Now we the geek bloggers get to talk about finance. Cool!

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