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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]
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?