Rejecting rejection?
Yahoo and Microsoft have been making headlines because the software giant offered its takeover bid to Yahoo last week.
Yahoo declined Microsoft’s offer of $31 per share, because they felt it was deminishing their value. I don’t think I would enjoy being run by the software giant, and I don’t know too many other people who would either. Microsoft has just responded to Yahoo saying that they are not going to accept their rejection. I haven’t heard any of Microsoft’s new proposals but it will be interesting to hear their new plan of action.
I say let Yahoo’s stock suffer a bit longer…
Oliver