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.
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.
Coming soon: Microsoft-Yahoo vs. Google?
February 1, 2008
If you’re Microsoft Corporation, what do you do to challenge Google’s dominance in the online advertising industry?
You acquire another search engine, albeit struggling, company such as Yahoo!.
That seems to be Microsoft’s plan when it submitted an unsolicited takeover bid of $44.6 billion.
The offer of $31 per share is a 62% premium to Yahoo! stock’s closing price on Thursday. Yahoo climbed $10.40 a share, or 54%, to $29.58 in premarket trading after the announcement.
