TITLE

Yahoo to Microsoft: We're Worth More

AUTHOR(S)
Schachter, Ken
PUB. DATE
February 2008
SOURCE
Red Herring;2/9/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the reaction of Yahoo Inc. regarding Microsoft Corp.'s offer of $31 per share, valuing the company at $44.6 billion. An anonymous source in a "Wall Street Journal" report stated that Yahoo Inc.'s board of directors is sending a letter to Microsoft Corp. to explain why it is rejecting the offer. The source furthered that Yahoo Inc. is unlikely to accept a bid below $40 per share, which would value the company 29% higher than the original offer.
ACCESSION #
36876107

 

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