Yahoo To Reject Microsoft Bid Today February 11, 2008

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In breaking news, Yahoo’s board of directors is expected to turn down Microsoft’s takeover bid of $44.6bn later today

A deep throat spilling to the WSJ claimed that the $31 per share offered “massively undervalues’ Yahoo and doesn’t protect Yahoo from the risks it would face by agreeing to a deal that the regulators could block.

The insider claimed that Yahoo will not settle for anything under $40 per share – a whopping jump in the price tag of around $12bn.

He said that Yahoo’s current weak performance [a couple of years now] is being exploited by Microsoft. Yahoo will dig in and wait for a higher bid but it seems unlikely that Yahoo will shut down talks because, frankly, it’s struggling badly by itself.-Martin Lynch

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