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Yahoo! rejected Microsoft’s $44.6 billion buyout offer. On February 1 Microsoft announced a proposal to acquire all the outstanding shares of Yahoo! common stock for $31 per share, two-thirds more than it was worth before the offer.t Here’s what Microsoft had to say in response to the rejection: It is unfortunate that Yahoo! has not [...]
Feb. 1, 2008 Leave a Comment
Microsoft announced Friday their decision to offer to buy Yahoo!, taking all outstanding shares for $31 each in what would be a monster $44.6 billion deal. It would be a 62 percent bonus to shareholders holding a stock valued at under $20 Thursday. Yahoo’s stock soared in early trading Friday, up over 50 percent at [...]
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