Yahoo to reject Microsoft bid

written by: Michael Kwan | category: Tech News | posted: 02/09/08

Latest News: Yahoo’s board believes Microsoft’s offer of $31 per share “massively undervalues” the company and does not account for the risk that a deal could be blocked by regulators. - CNN

The source also said that the company is unlikely to consider any offer below $40 per share. Yahoo’s response truly upset Microsoft, but on the other hand, Google feels a relief (giggling). Another article from CNN denoted that Microsoft made a big mistake and harm their own shareholders from the hostile offer to Yahoo!

Source: CNN