Skip to: Content
Skip to: Site Navigation
Skip to: Search

December 2, 2008 9:31:45 AM CST

Learn about Newser Points »

« Back to the grid | Next story »

Yahoo Rejects Microsoft Bid

Posted Feb 9, 08 11:56 AM CST in Technology,  Business 

(Newser) – Yahoo's board will reject Microsoft's $44.6 billion bid to acquire the company because it "massively undervalues" Yahoo, the Wall Street Journal reports. The board will spell out its objections in a letter to Microsoft on Monday. Yahoo says the $31-per-share offer isn't high enough and worries about entering a deal that could eventually be overturned by regulators.

The move signals that Yahoo is preparing for a long takeover battle, the Journal notes. It quotes an unnamed source as saying that Yahoo probably wouldn't accept any per-share offer under $40. That would require Microsoft to raise its bid by about $12 billion, an uncertain prospect.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Angie Tops Yahoo's List of Most-Searched Women

    Dec 1, 08 4:58 PM CST
    Angie Tops Yahoo's List of Most-Searched Women Yahoo! has released a list of its 10 most-searched women of the year, including obvious honorees and some more off the radar:

    • Angelina Jolie: The birth of her twins, box-office success, and a dramatic turn in Changeling made Jolie the most-searched woman on the engine.
    • Sarah Palin: Given her brief stint in the spotlight, it may surprise some that she took second—but her beauty and frontier know-how didn't hurt.
    More »

  • $20B Yahoo Search Deal 'Total Fiction': Exec

    Nov 30, 08 8:03 PM CST
    $20B Yahoo Search Deal 'Total Fiction': Exec A report that Microsoft is buying Yahoo's search business and giving two Internet execs a 30% share is "total fiction," one of the execs tells Kara Swisher at AllThingsDigital. Swisher agrees that the $20 billion deal, reported by the London Times, is likely non-existent. After all, board member Carl Icahn would know about it—and his recent purchase of nearly seven million Yahoo shares "would smack of insider trading" if the purchase went through.
    More »

  • Web Users Still Can't Get Enough Palin

    Nov 29, 08 12:05 PM CST
    Web Users Still Can't Get Enough Palin We just can't seem to let Sarah Palin go. Nearly a month after the election, she continues to dominate user lookups on search engines, cable news sites, and YouTube, reports Politico. Alaska's governor ranks near the top of virtually every major search tool, including Yahoo, AOL, and Lycos, where she dominated the incoming president until just last week. “People are still searching for her in record numbers,” said a Lycos spokeswoman. “How bizarre is that?" More »

  • Icahn Stock Grab May Signal New Yahoo CEO

    Nov 28, 08 6:54 PM CST
    Icahn Stock Grab May Signal New Yahoo CEO Corporate raider Carl Icahn bought about $65 million in Yahoo shares this week, sparking AllThingsD blogger Kara Swisher to speculate that an "Icahn-friendly" CEO is on the way. Icahn's purchase, likely an attempt to recoup the $900 million he lost on his Yahoo stake this year, points to two former executives Icahn brought to the Yahoo board as probable replacements for Jerry Yang, Swisher writes.
    More »

  • Ballmer Quashes Yahoo Bid Rumors; Open to Partnership

    Nov 19, 08 12:42 PM CST
    Ballmer Quashes Yahoo Bid Rumors; Open to Partnership Steve Ballmer quashed the rumor that Microsoft would make another offer to buy Yahoo now that Jerry Yang has quit as CEO, CNET reports. “We are done with all acquisition discussions with Yahoo,” the chief executive said today. “We did our best; we’ve moved on.” More »

This combination of two photos shows Microsoft founder Bill Gates, left, and Yahoo CEO Jerry Yang. Yahoo will reject Microsoft's offer to acquire the web giant. (AP Photos)   (Associated Press)
The Yahoo Center office building is seen in Santa Monica, Calif. Friday, Feb. 2, 2008. (AP Photo/Damian Dovarganes)   (Associated Press)
Yahoo, based in Sunnyvale, Calif., will reportedly reject Microsoft's acquisition bid. (AP photo/Paul Sakuma, file)   (Associated Press)
« Prev« Prev | Next »Next » Slideshow

Threads (
1
 of 5)

Tags

Microsoft • Yahoo


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »