Yahoo lukewarm on Microsoft bid

[gkd_uk]

Internet search engine Yahoo says it is "not opposed" to Microsoft's takeover bid, but wants a better price.

The letter from Yahoo's board was a swift response to a deadline issued at the weekend by Microsoft CEO Steve Ballmer for Yahoo to agree to the deal.

Microsoft warned if the deal was not accepted by 26 April, it would mount a hostile takeover at a lower price.

The software giant made an unsolicited $44.6bn (£22.3bn) takeover offer for Yahoo on 31 January.

But Yahoo rejected the deal, saying it substantially underrated the company's value and prospects.

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[vicdigi]

With a deadline now set and looming, Yahoo have to come across with open arms even if they have no intention of selling our to Microsoft.

It is, you could almost say standard business. Maybe this way they can hope that someone else wold come in with a bigger offer.

The only thing is, with the recession looming largely in the United States there probably isn't any other company with that type of money at their disposal - unless some mega corporation is really interested then they could offer cash and shares!

 

[kappa84]

Simple question: how the hell not to sell a company with 44.6 bln $??? I would sell my country for that amount of money. :lol: