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Yahoo Turns Down Microsoft Buy out Offer.
2008-02-11, HostMan.biz It has been reported that the Search engine giant Yahoo has turned down Microsoft’s offer to buy the company. Microsoft LogoSeveral newspapers and news agencies say Yahoo's board will on Monday dismiss the $44.6bn offer as being inadequate. When it was made, Microsoft's $31 a share offer was 62% above the level at which Yahoo's shares were trading. Yahoo's shares closed on Friday at $29.20, which may suggest doubt that the offer will be successful or that a higher price will be offered. A source quoted by the Wall Street Journal said that Yahoo's board would be unlikely to consider anything below $40 per share. |
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