Following up on my post from last Monday about What the Crap is Microsoft Thinking?, we read in the news this morning that Yahoo! has formally rejected Microsoft Corp.'s $44.6 billion takeover bid. Apparently many analysts expect Microsoft to raise its offer to $12 billion to entice Yahoo to sell. Yahoo is believed to want a bid of at least $56 billion, or about $40 per share.
Again...what is Microsoft thinking? I guess that's one way to make (and spend) WebMoney?
Apparently Yahoo! is fighting back too! News out on the net says Yahoo Opening Up Talks With AOL as well as outfits like Google and Disney. It seems Yahoo!'s lifespan is to be short lived and for some reason they don't want to get in bed with Microsoft!
I need to clarify a few things from my last post. Unfortunately I was rushed
and kind of threw it out there without taking the time to cover all the
bases....
1 day ago
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