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July 25, 2008 11:24:12 AM CDT

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Higher Bid Could Rattle Yahoo Holders

Posted Feb 27, 08 9:24 PM CST in Technology,  Business 

(Newser) – A new Microsoft bid to take over Yahoo will do little to quash Yahoo holders' worries— primarily because many of them have greater holdings in Microsoft itself, reports MarketWatch. Eighteen of Yahoo's top shareholders—comprising 42% of its shares—have greater investments in the software Goliath "and could likely be hurt by a higher offer," says analyst David Hilal.

A significant increase could make large Microsoft shareholders "net losers," Hilal says. Consequently, Microsoft hasn't yet made a move since Yahoo rebuffed its unsolicited $31-a-share offer. Hilal's analysis suggests that, if a new bid is on the horizon, it could be slightly higher, "but it's not going to be absurd."

Source MarketWatch

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This combination of two file photos shows Microsoft CEO Steve Ballmer, left, and Yahoo CEO Jerry Yang. Yahoo Inc. on Monday, Feb. 11, 2008 spurned Microsoft Corp.'s $44.6 billion takeover bid as inadequate,...   (Associated Press)
The Yahoo logo is shown on Thursday, Feb. 14, 2008 in New York. (AP Photo/Mark Lennihan)   (Associated Press)
The Yahoo tent at the Consumer Electronics Show is seen in Las Vegas in this Jan. 7, 2008, file photo. (AP Photo/Paul Sakuma, file)   (Associated Press)
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Internet  • Microsoft  • stock market  • Yahoo  • mergers and acquisitions  • unsolicited takeover


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