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Yahoo Inc. has formally rejected Microsoft Corp.'s $44.6 billion takeover bid as inadequate. The response had been expected after Yahoo's intentions were leaked over the weekend.
Many analysts expect Microsoft to raise its offer by $5 billion to $12 billion to entice Yahoo to sell. Yahoo is believed to want a bid of at least $56 billion, or about $40 per share.
Yahoo Has Formally Rejected Microsoft Bid [nytimes.com]
joined:Dec 29, 2003
Basically, a slow battle favors Yahoo, but MsFT must have left room for increases.
Our employees are idiots.. we keep on acquiring and purchasing.. or we don't trust our employees and their capabilities.. don't allow them do anything.
Gates is a great visionary.. Eric and Ballmer are great businessmen.. Brin and Larry are great innovators and, Jerry, David not even worst salesperson?