Archive for February 12th, 2008
Yahoo Rejects Microsoft’s Attempted Takeover Bid
Yahoo’s board unanimously decided to spurn Microsoft after concluding the offer as expected, worth $44.6 billion or $31 per share — “substantially undervalues” one of the Internet’s prized franchises. The cash-and stock deal is now valued at about $40 billion, or $28.91 per share, which a reflects a drop in Microsoft’s market value. But Yahoo [...]
Staff | Feb 12, 2008 | Comments 6
