Thursday, April 03, 2008
Microsoft is doubtful to augment its initial voluntary takeover offer for Yahoo, according to a review last week in the Wall Street Journal. Citing unidentified sources close to Microsoft, the WSJ reports that, with no feasible option offers for Yahoo's business, augmenting the original $44.6 billion offer will now be equal to bidding against itself. In its place, the software giant's plan is to remain tight and stay for Yahoo to end of practical options, after that it would agree to Microsoft's initial offer.
On January 31, Microsoft had offered Yahoo $31 a share for its industry, or about $44.6 billion at the time and that Yahoo stated "considerably undervalued" the company. However, as that preliminary offer was joined in part to Microsoft's stock price, and Microsoft's stock price had been refused over the last two months, the offer now is worth just about $29 per share, or a couple of billion dollars less, give or take. Lets wait and watch what yahoo decides!
On January 31, Microsoft had offered Yahoo $31 a share for its industry, or about $44.6 billion at the time and that Yahoo stated "considerably undervalued" the company. However, as that preliminary offer was joined in part to Microsoft's stock price, and Microsoft's stock price had been refused over the last two months, the offer now is worth just about $29 per share, or a couple of billion dollars less, give or take. Lets wait and watch what yahoo decides!
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posted by power
@ 9:31 PM
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