NationStates Jolt Archive


Yahoo! rejects Microsoft

New Manvir
10-02-2008, 18:44
Linkage (http://news.bbc.co.uk/2/hi/business/7237320.stm)

Yahoo has reportedly decided to reject Microsoft's unsolicited takeover offer.

Several newspapers and news agencies say Yahoo's board will on Monday dismiss the $44.6bn (£22.9bn) offer as being inadequate.

When it was made, Microsoft's $31 a share offer was 62% above the level at which Yahoo's shares were trading.

Yahoo's shares closed on Friday at $29.20, which may suggest doubt that the offer will be successful or that a higher price will be offered.

A source quoted by the Wall Street Journal said that Yahoo's board would be unlikely to consider anything below $40 per share.

So...Thoughts? Good? Bad?....Also if Microsoft is buying shares of Yahoo! how can the company reject the offer if the shares are publicly traded? or are they publicly traded? An explanation would be helpful...
Damor
10-02-2008, 19:18
Well, if microsoft can buy a majority share, then they can do a hostile takeover, I think (if the government allows it). But it's a lot more work than to have Yahoo sell out.
If the shareholders want Yahoo to take microsoft's offer, though, Yahoo's board can't stop it either.
Lunatic Goofballs
10-02-2008, 21:44
So, what would be the actual consequences of a Microsoft takeover of Yahoo exactly?

One step closer to global domination. *nod*
UN Protectorates
10-02-2008, 21:45
So, what would be the actual consequences of a Microsoft takeover of Yahoo exactly?
Creepy Lurker
11-02-2008, 00:06
So, what would be the actual consequences of a Microsoft takeover of Yahoo exactly?

They're desperately trying to compete with Google and failing. This is just a sign of that desperation.
Chumblywumbly
11-02-2008, 00:07
So, what would be the actual consequences of a Microsoft takeover of Yahoo exactly?
Becoming a bigger competitor to Gmail in particular, and Google Inc. in general.