News sources are claiming that Yahoo will reject Microsoft’s $44.6 billion take over bid for being inadequate. The Wall Street Journal quoted an unnamed source as saying that offering to buy Yahoo shares at $31 was tantamount to ‘stealing’, and that the search engine firm would be unlikely to consider anything below $40 a share.
If the offer were to go ahead at this share price, it would boost the value of the cash and stock deal to $51.1 billion.
Other sources maintain alternatives to the current deal are also likely, including negotiating with Microsoft to put up more money, and striking up partnership with internet search leader Google instead.
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