• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.
  • The forums have been upgraded with support for dark mode. By default it will follow the setting on your system/browser. You may override it by scrolling to the end of the page and clicking the gears icon.

Yahoo! Formally Rejects Microsoft Offer

M

malware

New Member
Joined
Nov 7, 2004
Messages
5,422 (0.72/day)
Location
Bulgaria
System Specs
Processor Intel Core 2 Quad Q6600 G0 VID: 1.2125
Motherboard GIGABYTE GA-P35-DS3P rev.2.0
Cooling Thermalright Ultra-120 eXtreme + Noctua NF-S12 Fan
Memory 4x1 GB PQI DDR2 PC2-6400
Video Card(s) Colorful iGame Radeon HD 4890 1 GB GDDR5
Storage 2x 500 GB Seagate Barracuda 7200.11 32 MB RAID0
Display(s) BenQ G2400W 24-inch WideScreen LCD
Case Cooler Master COSMOS RC-1000 (sold), Cooler Master HAF-932 (delivered)
Audio Device(s) Creative X-Fi XtremeMusic + Logitech Z-5500 Digital THX
Power Supply Chieftec CFT-1000G-DF 1kW
Software Laptop: Lenovo 3000 N200 C2DT2310/3GB/120GB/GF7300/15.4"/Razer
Yahoo! Inc., a leading global Internet company, today said the Yahoo! Board of Directors has carefully reviewed Microsoft's unsolicited proposal with Yahoo!'s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and our stockholders.


After careful evaluation, the Board believes that 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. The Board of Directors is continually evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for all stockholders.

Goldman, Sachs & Co., Lehman Brothers and Moelis & Company are acting as financial advisors to Yahoo!. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Yahoo!, and Munger Tolles & Olson LLP is acting as counsel to the outside directors of Yahoo!.

View at TechPowerUp Main Site
 
suckers
 
Yahoo is tryin to talk to AOL about merging... If they merge with AOL I will stop using Yahoo completely.
 
Yahoo is tryin to talk to AOL about merging... If they merge with AOL I will stop using Yahoo completely.
Click to expand...

Oh god, that would be way worse... Time Warner is about as pure evil as they get...
 
This is only going to Hurt Yahoo's stock.
Because Yahoo's stocks went up a dollar or two on the news of a potential Microsoft takeover. Now with this News Yahoos stock may very well go back down to where it was or worse. Good going Yahoo:shadedshu:shadedshu This was an unprecedented offer on Microsoft's part and you gave them the cold shoulder shame on you:shadedshu:shadedshu
 
Good point effmaster. Besides, Yahoo has nothing to offer besides a user base.
 
Dangle said:
Good point effmaster. Besides, Yahoo has nothing to offer besides a user base.
Click to expand...

An extremely large user base. I don't think it is worth $40,000,000,000 but I think yahoo should still hold out for more money anyway. If Microsoft/Google/TimeWarner wants the foothold they should have pay for it.
 
effmaster said:
This is only going to Hurt Yahoo's stock.
Because Yahoo's stocks went up a dollar or two on the news of a potential Microsoft takeover. Now with this News Yahoos stock may very well go back down to where it was or worse. Good going Yahoo:shadedshu:shadedshu This was an unprecedented offer on Microsoft's part and you gave them the cold shoulder shame on you:shadedshu:shadedshu
Click to expand...

Actually you are incorrect.
Yahoo stock has so far gone up and Microsoft stock is down for the day.

The main reason for this is bc Yahoo is showing strength to investors by doing this.
Of course, this has the opposite impact on Microsoft.
Now if Yahoo gets another offer it is only going to make Yahoo shoot up even more
 
Yahoo stock will do fine. For the top shareholders to turn down this offer there must be an offer working in the background that is being kept quiet for now. :confused:
 
bruins004 said:
Actually you are incorrect.
Yahoo stock has so far gone up and Microsoft stock is down for the day.

The main reason for this is bc Yahoo is showing strength to investors by doing this.
Of course, this has the opposite impact on Microsoft.
Now if Yahoo gets another offer it is only going to make Yahoo shoot up even more
Click to expand...

I did say that Yahoos stock went up it very well did but Im saying it went up after the offer by Microsoft to buy them out. Now that they have declined the offer the stocks that went up for yahoo on the potential for a Microsoft takeover, could potentially go back down or possibly even lower.
 
effmaster said:
I did say that Yahoos stock went up it very well did but Im saying it went up after the offer by Microsoft to buy them out. Now that they have declined the offer the stocks that went up for yahoo on the potential for a Microsoft takeover, could potentially go back down or possibly even lower.
Click to expand...

Yahoo's stock is still up right now, it could be that their stock will gradually decline, but for now it's up.
 
This just makes me get giddy :D
 
Yahoos stock fell 30 cents on the day after this news.
I think that we can only expect more of this to happen the following day AKA tomorrow.

http://finance.yahoo.com/q?s=YHOO
 
You must log in or register to reply here.
Back
Top