Yahoo rejects Microsoft’s offer
The Wall Street Journal is reporting that Yahoo has rejected Microsoft’s offer of $31 per share ($44.6 Billion US Dollars).
The article also says that Yahoo has taken preventative “poison pill” measures to fend off more hostile takeover attempts.
The decision to reject the offer signals that Yahoo’s board is digging in its heels for what could be a long takeover battle. The company is unlikely to consider any offer below $40 per share, the person said.
Looks like this won’t be decided anytime soon. The Yahoo as we have known will probably change as they do everything they can to build value and justify this decision to shareholders.. Who else will come calling at over $56 billion dollars? What are they holding out for… Facebook money?
Google is offering to help Yahoo thwart Microsoft’s advances.
