Yahoo Rejects Microsoft’s Initial Offer
February 11th, 2008
As many have speculated, Yahoo Rejected Microsoft’s initial offer of $44.6 Billion. Hopefully this will mean that there are additional companies that could become involved with Yahoo that would be more beneficial for the Flash, Flex, and ColdFusion developers out there.
Yahoo formally Rejects Microsoft’s Offer
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One comment on “Yahoo Rejects Microsoft’s Initial Offer”
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I have to say that except for the MS-hating crowd this isn’t likely to prove-out to be a good decision for either Yahoo shareholders or the company and its employees. Unless it was simply a bargaining chip, this will likely end in Yahoo! no longer being an independent entity anyway - but only once the business continues to degrade - meaning there won’t be as much left behind. No one else wanted Yahoo. All the other potential buyers ended up declining to bid…and Google? It is certainly not out of good graces that they oppose the MS/Yahoo merger. Google is essentially a monopoly and has begun to behave like one…which means, in part, protecting their monopoly.
I would expect a shareholder lawsuit (and that the deal may happen anyway).
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