Yahoo rejects Microsoft bid; Google to buy CNET?
February 10, 2008
Too cheap.
That’s basically Yahoo!’s response to Microsoft’s unsolicited offer of $44.6 billion. Media reports are abound that Yahoo! is set to reject the world’s largest software maker’s acquisition bid.
According to an insider, the board decided that Microsoft’s $31-a-share offer “massively undervalues” Yahoo!. The company is unlikely to consider any offer below $40 per share, the insider said.
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That obviously means Yahoo! is interested in accepting a bid offer, as long as the price is right.
It still is all about the money, baby.
Google to acquire CNET?
And what’s this?
Google is rumored to be eyeing tech news provider CNET as its latest acquisition. Nothing is finalized or confirmed, but the rumor is enough to bump up the CNET stock by 7% to $8.09 on February 8.
Is it happening or not? Ironically, the answer cannot simply be Googled.
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Keep yourself updated on the latest money and income news!
April 2nd, 2008 at 1:33 pm
Yahoo wants more money from Microsoft but the big question is will the share holder from Microsoft side agree to giving more for the big. If, after the take over of Yahoo, Microsoft could make Yahoo profitable then Microsoft could become even more of a threat to Google. Microsoft could become even more powerful then what it is today.
February 28th, 2008 at 9:00 am
I guess that’s yahoo’s way of saying… “higher bid please”
February 10th, 2008 at 10:31 pm
I am not how much the deal will really affect the Google search. I feel Google search will continue to increase as the search results are very accurate.
CP
http://www.Go4Funding.com
February 10th, 2008 at 4:54 am
“Is it happening or not? Ironically, the answer cannot simply be Googled.”
That last line made me laugh. Very witty ending to a simple and informative post.
More power!
February 10th, 2008 at 2:49 am
I could care less about MS and YHOO but the idea that GOOG might be buying CNET! Now that’s awesome.