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Ranting while I’m Raving; Technology News and Views

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Yahoo to Reject Microsofts Buyout Bid

Posted by titusferguson on February 9, 2008

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I don’t usually blog on the weekend. I like to have a few days off appreciate the internet without having to think of a blog worthy opinion on the news. But this recent article is bringing me out of that.

Yahoo board set to rebuff Microsoft bid: report

The most interesting of their reasons? “Yahoo Inc’s board believes Microsoft Corp’s unsolicited bid of $44.6 billion to acquire Yahoo “massively undervalues” the company” Yahoo is unlikely to take any offer under $40 per share. That would place their perceived value at over $143 billion dollars.

I think what Yahoo wants is to set the price so high so as to scare any prospective buyers away. The huge outcry on the internet when Microsoft made their offer proved that people don’t want this deal to happen. Yahoo wants to keep potential customers happy, obviously. If they do they can continue to make money without Microsoft’s help.

Interestingly, Yahoo doesn’t rule out a partnership with Google. “Yahoo has considered an alternate tie-up with Web search leader Google Inc to maintain its independence

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