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.
Advertisement
Related Stories
- Yahoo unveils innovative search software for Apple May 24th 2012 at 2:27PM
- Windows 8 RT draws antitrust attention May 14th 2012 at 10:59PM
- Windows 8 Pro upgrade may cost $14.99 May 14th 2012 at 10:46PM
- Microsoft to charge for Windows 8 upgrades? May 13th 2012 at 11:01PM
- Mozilla, Google blast Windows RT browser restrictions May 11th 2012 at 3:47AM
- Microsoft demos sonar-based motion detection May 9th 2012 at 1:21AM
- Windows 8's Media Centre upgrade path May 4th 2012 at 3:48AM
- Microsoft fingers Chinese firm in RDP flaw leak May 4th 2012 at 3:00AM
- Microsoft kills off Windows Live brand May 2nd 2012 at 10:19PM
- Microsoft bets on Nook May 2nd 2012 at 4:04AM
