Yahoo plays hard to get; looks for a threesome

Subject: General Tech | February 11, 2008 - 12:01 PM |
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Yahoo has decided that it wants Microsoft to show that it truly loves them, by upping their desired price by $9.00 a share, taking the total price per share to $40.00, all told they want about $58 billion.  The Inquirer has quotes as to exactly how Yahoo announced this to their shareholders.  Microsoft has the option to go directly to the shareholders, to try a buyout that way and to perhaps gain extra leverage to finish the deal.  Just in case they press their suit, Yahoo is apparently trying to convince AOL to jump in bed with them in the hopes that Bill, Balmer and buddies won't be man enough to take them both on at the same time.

"YAHOO OFFICIALLY told Microsft to go take a running jump today, complaining that the software monopolists' valuation of

Yahoo's business falls far short of expectations."

Yahoo's board said it believes, "Microsoft's proposal substantially undervalues Yahoo! including our global brand, large

worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow

and earnings potential, as well as our substantial unconsolidated investments".

Here is some more Tech News from around the web:

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Source: The Inquirer
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