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Post details: Yahoo Rejects Microsoft One More Time

04/07/08

Permalink 05:05:21 pm, by admin Email

Yahoo Rejects Microsoft One More Time

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Business News - As of Monday, April 7, Yahoo has turned down Microsoft's most recent bid to buy the company. Microsoft had bid about $44.6 billion on February 1. This represented an offer that was worth about 62% above current market value of Yahoo's shares.

In their letter to Microsoft, Yahoo chief honchos Jerry Yang and Roy Bostock claim the offer is too low and doesn't reflect recent moves Yahoo has made to shore up their sometimes sagging fortunes. Those moves include a new three year financial plan, and the recent unveiling of their new AMP advertising management platform.

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