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Two months after making its $44.6 billion bid to acquire Yahoo, Microsoft has no plans to increase its bid even after Yahoo rejected the initial takeover price and has spoken with AOL and other companies to form merger alternatives.From Reuters : Although some technology blogs have speculated that Microsoft is planning to raise its bid, [...]
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Despite what foolery you may read today, Microsoft has no plans to raise its $44.6 billion bid for Yahoo.According to the WSJ…Such pronouncements are standard in deal negotiations but people close to Microsoft insist the stance isn’t posturing. While speculation has swirled that Microsoft was poised to raise its bid, Microsoft is instead biding its [...]
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After Microsoft pulled their $47.5 billion takeover bid on Monday, shares of Yahoo plummeted more than 16 percent in late morning bidding, nearly wiping out half of the gains in the company’s stock price since Microsoft made its initial offer in late January. Yahoo has been holding firm in their assertation that Microsoft’s bid significantly undervalues [...]
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