This site will look much better in a browser that supports web standards, but it is accessible to any browser or Internet device.

IT news articles from ihotdesk
E-mail article
Print article
Complete a contact form
Contact us
Have a representative from ihotdesk call you
Request a
call back


Return to article list

Yahoo! set to reject Microsoft offer

Software services
Get the hotNews RSS Feed
click here

News Archive

Year Category  
2008 Outsourcing 75
2008 Software services 8
2008 Project 3
2008 Security 35
2008 Product 23
2008 Communications 69
2008 SME IT 83
2007 Outsourcing 252
2007 Software services 165
2007 Project 158
2007 Security 120
2007 Product 146
2007 Communications 82
2007 SME IT 14
2006 Outsourcing 123
2006 Software services 133
2006 Project 46
2006 Security 120
2006 Product 126

Breaking news from ihotdesk, the home of IT outsourcing in London:
Yahoo! is set to reject a $44.6 billion (£22.3 billion) buyout offer from Microsoft, according to new reports.

Category SME IT
13 February 2008
Yahoo! is set to reject a $44.6 billion (£22.3 billion) buyout offer from Microsoft, according to new reports.

The Wall Street Journal has claimed that the Yahoo! board believes the bid, which was put on the table on February 1st, "massively undervalues" the search engine giant's worth.

However, analysts note that before the bid was made the firm's stock was trading at less than $20 (£10) per share.

Yahoo! said in a statement: "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."

It continued that after "careful evaluation", the board believes that Microsoft's proposal "substantially undervalues Yahoo!" including its global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects.

Search engine rival, Google, has already voiced complains that Microsoft's purchase of Yahoo! could represent a monopoly in the IT market.

Goldman, Sachs and Co., Lehman Brothers and Moelis and Company are acting as financial advisors to Yahoo!.

ADNFCR-8000229-ID-18466039-ADNFCR© Adfero Ltd
Related articles
'Download speeds still inconsistent'
'Businesses leave IT security gates open'
'Direct marketing for all', thanks to internet
'Check-ups improve PC efficiency'
'Mobile email should decrease work stress'

Read all news