Yahoo rejects Microsoft bid; Google to buy CNET?
February 10, 2008
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.