According to a post on TechCrunch it appears as though Yahoo will be saying “NO!” to Microsoft’s $44.6 billion acquisition offer. Yahoo’s board says the offer “massively undervalues” the company. It seems that Yahoo thinks $40/share is more like it and Microsoft’s $31/share just wont cut it. Is this a strategy on Yahoo’s part? Are they playing hard to get in hopes that Microsoft will give in and pay up.
We can expect a formal announcement from Yahoo Monday of this coming week.
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