Microsoft Withdraws Its Bid for Yahoo
Read the full article: http://www.money-rx.com/blog/2008/05/microsoft-withdraws-its...
New York Times - Microsoft said it was abandoning its blockbuster bid to acquire Yahoo after the two companies could not agree on a price. At the meeting, which also included Yahoo’s other co-founder, David Filo, and Kevin Johnson of Microsoft, Mr. Ballmer increased Microsoft’s offer to $33 a share, but Mr. Yang said Yahoo would not sell for less than $37 a share.
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Monday Yahoo will pop 5%+++++++++++++
What is the link to the post
What is the link to the post so I can read it? I think they will have to reopen talks as they are getting ready to get a ton of backlash from their investors.
Yahoo! is already getting a
Yahoo! is already getting a lot of pressure from their investors. If Yahoo! can't create some value for their shareholders, then they aren't being fiducially responsible and there should be a management change.
Drat! I forgot to link to my
Drat! I forgot to link to my blog entry. Thanks for the timing thing, though. $22 is about right, actually, but only if the Google Ad deal comes through. If that fails, it'll end up somewhere around $18 to $19. And this ain't over yet. Yahoo will be under tremendous pressure to reopen the deal now.
If you send me the link I
If you send me the link I will add it to your post.
Great timing, thanks for
Great timing, thanks for sharing. I heard Timothy Sykes believes that it will hold around $22 on Monday.