KnightMare
02-09-2008, 03:53 PM
Yahoo Board to Reject Takeover Bid (http://www.nytimes.com/2008/02/09/technology/09cnd-yahoo.html?_r=2&ex=1360299600&en=0a10211874f4e291&ei=5088&partner=rssnyt&emc=rss&oref=slogin&oref=slogin)
Front Page Article (http://www.tribalwar.com/news/5225-Yahoo-Board-Reject-Takeover-Bid.html)
Yahoos board of directors plans to reject Microsofts $44.6 billion hostile bid with a letter Monday saying the offer undervalues Yahoo, a person familiar with the matter said Saturday.
The decision to reject the bid was taken following a board meeting Friday in which directors explored ways in which to respond to Microsofts week-old bid. The board heard presentations from Yahoos management and its bankers, according to people familiar with the discussions. Several people argued that the company was worth more than what Microsoft offered, this person said.
The board was also presented with various options for maintaining Yahoos independence, including an advertising partnership with Google that could improve Yahoos bottom line, this person said.
Front Page Article (http://www.tribalwar.com/news/5225-Yahoo-Board-Reject-Takeover-Bid.html)
Yahoos board of directors plans to reject Microsofts $44.6 billion hostile bid with a letter Monday saying the offer undervalues Yahoo, a person familiar with the matter said Saturday.
The decision to reject the bid was taken following a board meeting Friday in which directors explored ways in which to respond to Microsofts week-old bid. The board heard presentations from Yahoos management and its bankers, according to people familiar with the discussions. Several people argued that the company was worth more than what Microsoft offered, this person said.
The board was also presented with various options for maintaining Yahoos independence, including an advertising partnership with Google that could improve Yahoos bottom line, this person said.