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!