Yahoo! (YHOO) To Reject Microsoft (MSFT) Bid

Posted: February 9, 2008 at 12:39 pm

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Yahoo! (YHOO) will reject the Microsoft (MSFT) bid to buy the web portal firm. According to The Wall Street Journal after a series of meetings over the past week, Yahoo’s board determined that the $31 per share offer "massively undervalues"

The Yahoo! board apparently wants $40 a share for the company.

Not likely

Douglas A. McIntyre

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Read more: Mergers and Buy Outs, MSFT, YHOO

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Yahoo! (YHOO) To Reject Microsoft (MSFT) Bid

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