A week ago may be…I had posted a review with a title ‘Microsoft wants to purchase Yahoo’. Well, many people were very hopeful about the offer because the offer that Microsoft had set ($44.6bn) was 62% above Yahoo's closing share price at that time. But may be it isn’t just in Microsoft’s fate to own Yahoo. Yahoo's shares closed on Friday at $29.20 which made it clear that Yahoo was not willing to give it up that easy.
According to Yahoo the offer Microsoft put “substantially undervalues” the company and is not in the shareholders’ best interest.
A source quoted by the Wall Street Journal said that Yahoo's board would be unlikely to consider anything below $40 per share which would be a 109% premium to the $19.18 closing price of Yahoo's shares the day before the original offer was announced.
So …congrats to Google. I still don’t need to fear much from Microsoft and Yahoo both.
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