TITLE

Microsoft Could Raise Yahoo Bid

PUB. DATE
February 2008
SOURCE
Red Herring;2/6/2008, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article considers the possibility that Microsoft Corp. will raise its bid for Yahoo shares. Yahoo shares closed on February 3, 2009 at $28.98, more than $2 below the $31 price Microsoft offered in February. Microsoft shares have dropped about 12 percent since that offer was made, potentially cutting the value of the half cash, half stock offer. Citi gave a 20 percent probability that Yahoo would accept the current bid and a 25 percent chance that Yahoo would hire Google to run its search operations in a lucrative contract.
ACCESSION #
36876084

 

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