Yahoo! is rejecting the $44.6 billion offer by Microsoft to acquire the search engine. Yahoo!'s board met repeatedly since the offer was made on February 1, 2008, and asserted that Microsoft was attempting to purchase Yahoo! for a low price based on their weak stock. The offer by Microsoft amounted to $31 per share, and the Yahoo! board has said they will reject any offer of under $40 per share. Shortly after Microsoft set a deadline for April 26, the Yahoo! board of directors reiterated that they would not accept the proposal, saying that it would be a bad decision for their shareholders.
What are the exact deal terms of the Microsoft and Yahoo search deal?(1 Answer)
A:
The term of the agreement is 10 years; Microsoft will acquire an exclusive license to Yahoo’s core search technologies, and Microsoft will have the ability to integrate ...
What's the deal with Microsoft Bing?(1 Answer)
A:
It's basically Microsoft's new search engine. Microsoft used to call it MSN, now they call it Bing, and they added a few features, and tweaked the ...
References
Fast Facts
-
Fact:
Yahoo! stock rose slightly the week of the offer, suggesting that stockholders expect a higher price
