Yahoo snubs Microsoft
Just wanted to quickly follow up on me post a few days ago regarding Microsoft’s attempt to buy Yahoo. News in today is that Yahoo is rejecting the bid as it “under values the organisation”. The search engine and Internet advertising industries will remain on tenterhooks to see if Microsoft will up their $45b bid (as expected by analysts) or if a hostile take over is on the cards. Yahoo’s share price dropped following the disclosure – no surprise there.
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December 8th, 2009 at 1:18 pm
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