Esato

Forum > General discussions > Non mobile discussion > Yahoo board to reject takeover bid from Microsoft

Author Yahoo board to reject takeover bid from Microsoft
BobaFett
R520 copper
Joined: Jan 06, 2004
Posts: > 500
From: Kamino (wish it would be Lund)
PM, WWW
Posted: 2008-02-10 00:18
Reply with quoteEdit/Delete This PostPrint this post
"SAN FRANCISCO — Yahoo’s board of directors plans to reject Microsoft’s $44.6 billion hostile bid with a letter Monday saying the offer undervalues Yahoo, a person familiar with the matter said Saturday.

The decision to reject the bid was taken following a board meeting Friday in which directors explored ways in which to respond to Microsoft’s week-old bid. The board heard presentations from Yahoo’s management and its bankers, according to people familiar with the discussions. Several people argued that the company was worth more than what Microsoft offered, this person said."

http://www.nytimes.com/2008/0[....]mc=rss&oref=slogin&oref=slogin
Aquila non capit muscas - /// 4ever!

/// Ericsson Forum
Access the forum with a mobile phone via esato.mobi