Yahoo officially rebuffs Microsoft
Yahvole rejected
YAHOO OFFICIALLY told Microsft to go take a running jump today, complaining that the software monopolists' valuation of Yahoo's business falls far short of expectations.
Yahoo's board said it believes, "Microsoft's proposal substantially undervalues Yahoo! including our global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unconsolidated investments".
It said it remains "committed to pursuing initiatives that maximize value for all stockholders", and that includes playing hard to get. µ
Comments
DUmb
READ THE TITLE!!!!!Zing
Woa...yahoo grew a pair and stuck it to da man.Yessss
Take that, inqanalyst.All the hype for nothing
So all the hype earlier by Inq was wrong and Google won again. Yay.I wonder if
...Microsoft expected this? Like, are they surprised by the rejection or is it part of a larger plan? I'm not sure what that larger plan would be.(Incidentally, I would not expect the merger to work at all anyway.)