Yahoo Rejects Microsoft’s Offer
Yahoo Inc. is set to reject Microsoft’s $44.6 billion dollar offer ($31 per share) because they believe that this bid was an under value of the companies true net worth. Yahoo thinks that Microsoft is trying to take advantage of them, while they are weak, and steal the company for a low price. It is still possible for Microsoft to obtain Yahoo through other means. Microsoft can always return to Yahoo with another bid for the company; analysts have estimated that Microsoft may pay as much as $35 per share. However, sources say that Yahoo is unlikely to accept any offers under $40 per share. Additionally, Microsoft could take this deal straight to the stockholders. Things are sure to change in the upcoming days, but the question we are all wondering about is: what will Microsoft’s response be to Yahoo’s decline?