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February 9, 2008 10:25 AM
Yahoo opts to negotiate through press, asks for $40+
Posted by Brier Dudley
That's how I'm reading the WSJ story today citing an anonymous person close to Yahoo, saying the board wants at least $40 per share.
The headline says it all -- Yahoo is rejecting Microsoft's bid. In other words, Yahoo didn't reject the deal, it's negotiating for more.
Using the same sort of negotiating tactics you'd use if you were selling a sofa at a garage sale, this anonymous negotiator says in the Journal that Microsoft's getting a "steal" and the offer "massively undervalues" Yahoo.
From the story:
"The company is unlikely to consider any offer below $40 per share, the person said."
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NewsvinePosted by Yuki Ito
1:03 AM, Feb 10, 2008
In a Romantic America $40 per share may work. However, since we're in the real world Microsoft should rescind their offer and see how it plays. Anything over $35 would be perceived negatively by Wall Street and not pass muster with shareholders.
UPDATE - 11:00 AM
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Gadgets and games | Fun stuff I've written about lately includes Apple's iPhone, Hewlett-Packard's HDX laptop and Microsoft's Halo3. Also on the radar are new digital video boxes such as the Tivo HD and the Vudu.
Posted by Francesco Sinibaldi
12:28 PM, Feb 09, 2008
Romantic America.
Romantic America,
when a rosaceous
sunset lightens
the world near a
frail little brook,
and where everything
shines like a
diamond in the
heart of a forest ;
the north wind
is blowing, the light
of a fine day
invents an emotion,
and I love you
America....
Francesco Sinibaldi