toggle

AAPL Stock: 123.38 ( + 0.61 )

Printed from http://www.macnn.com

Microsoft responds to Yahoo snub

updated 11:50 pm EST, Mon February 11, 2008

Microsoft responds to YHOO

In response to Yahoo's open rejection of Microsoft's proposed buyout, Microsoft issued a statement countering Yahoo's claim that the offer was undervalued. The software giant said that shareholders on both sides would benefit greatly from the merger, and that a timely transaction would be "in the best interests of all parties". Microsoft also urged investors to consider the positive side of having a combined company, highlighting an "exciting set of solutions for customers," as well as a stronger online front.

"The Yahoo! response does not change our belief in the strategic and financial merits of our proposal," the statement said. "As we have said previously, Microsoft reserves the right to pursue all necessary steps to ensure that Yahoo!'s shareholders are provided with the opportunity to realize the value inherent in our proposal."

Microsoft's proposal consisted of a $44.6 billion bid, which the company says is a fair assessment of Yahoo's value, based on $31 per share - a 62-percent premium above the price of Yahoo's common stock, based on closing values on January 31st.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. tonton

    Joined: Dec 1969

    0

    Microsoft forgot...

    Microsoft forgot to add the "Yahoo just doesn't want to be swallowed by a sick and dying borg whale" factor into the equation.

  1. Feynman

    Joined: Dec 1969

    0

    Is Microsoft...

    ....desperate?

  1. LunarMoon

    Joined: Dec 1969

    0

    What is Micro $oft?

    Micro $oft? What is a Micro $oft? Is it a company that existed in the past? Is there any archeologist around?

  1. Feathers

    Joined: Dec 1969

    0

    How?

    How can you buy a company that doesn't want to be bought consisting of employees that wouldn't want to work for you? I don't geddit...Microsoft would end up with an empty shell, why? It begs the question as to what Yahoo has that M$ REALLY wants, IP? Patents? nice carpet?

  1. sailin74

    Joined: Dec 1969

    0

    Brilliant Idea

    When you can't figure out the internet on your own, just buy someone that knows what they're doing.

  1. PookJP

    Joined: Dec 1969

    0

    Truth.

    It is, of course, all about the customers.

  1. Beechlady

    Joined: Dec 1969

    0

    Why should...

    anyone be suprised by this behavior by Microsoft? It's the way they've been doing business since it's inception. Conquer and devour, litigate until "we" get our way. It's the Microsoft way of doing things.....run, Yahoo, R-U-N..... :(

  1. testudo

    Joined: Dec 1969

    0

    Re: why should

    Well, forgetting the obligatory MS bashing, why should anyone be surprised by this response? It's the same response any company would have given when being rebuffed by a company.

    It would be more surprising if MS just walked away from the deal quietly.

  1. nat

    Joined: Dec 1969

    0

    bashing

    "forgetting the obligatory MS bashing" It's not another company, it's MS and it's a hostile attempt at a takeover. That's what the articles about, that's what the posts are about.. So... what's your point? Reading opinions out there on PC and tech sites there's few people who don't think this is a very bad idea. You're quick to trash posters here and to lament poor MS's unfair treatment so give us one reason that MS should not be bashed... one will do nicely...

  1. Eldernorm

    Joined: Dec 1969

    0

    @ nat

    Right on. Microsoft's motives are always suspect. They keep acting like a crazed bull in a china shop! If they cannot have it, its OK to smash it.

    Microsoft has the money to buy Yahoo, the question is do enough of the Yahoo investors want the amount of money that Microsoft is offering????

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

Entry-level 27-inch Retina iMac

The 27-inch Apple iMac with 5K Retina display is already one of the best value-for-money Macs that Apple has ever released. It was som ...

toggle

Most Commented