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Yahoo Has Formally Rejected Microsoft Bid

     
2:50 pm on Feb 11, 2008 (gmt 0)

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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]

4:13 pm on Feb 11, 2008 (gmt 0)

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I can't get Zorg from the Fifth Element out of my mind. Could this potential bohemeth turn into an evil empire?

(I'm using dramatic license)

4:58 pm on Feb 11, 2008 (gmt 0)

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Remember the Simpsons episode where Microsoft does a hostile takeover of CompuGlobalHyperMegaNet from Homer.

Just subsitute Homer with Yahoo, and you get the picture.

5:03 pm on Feb 11, 2008 (gmt 0)

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MSFT has already lost 15% since they announced the bid so $31 they offered is more $28-$29 right now. A $40 one would probably drop them even more.

Basically, a slow battle favors Yahoo, but MsFT must have left room for increases.

6:02 pm on Feb 11, 2008 (gmt 0)

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Wow, $56 billion dollars, I can't even think that high, LOL. Hey, MSFT, my site is for sale at the rock-bottom price of only $2 million!

:)

7:09 pm on Feb 11, 2008 (gmt 0)

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Seems hilarious. May be better to read some comics or watch out some comedy or magic show.

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?

5:50 am on Feb 12, 2008 (gmt 0)

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I hope AOL would merge or acquire Yahoo!

Be the next ICQ, Netscape ect.