Microsoft Won’t Raise Its Bid For Yahoo
Published by: Codrut Nistor, in News
February19th2008
Oh, no! Is this a nightmare? It can't be, I'm in the middle of the day, here!That story, once again? It seems so...but let's hope now is the last time!
Finally, Mr. Gates has something to say about the entire deal, and the interesting part is that, according to him, Microsoft won't raise the bid they made for Yahoo, so it seems they are simply moving away from the Internet search market... or not? Well, that's what remains to be seen!
"We sent them a letter and said we think that's a fair offer. There's nothing that's gone on other than us stating that we think it's a fair offer. They should take a hard look at it.", said Bill Gates about the offer made to Yahoo.
It's interesting to note that most analysts thing Microsoft will do whatever it takes to get in control of Yahoo, and I must admit I thought the same, so far. Now, considering what Bill Gates has to say about it, I think they won't bid again, with a higher value, but there are still things to try, such as a hostile takeover of Yahoo's board, or an offer directly to their shareholders, especially since their shares closed at $29.66 on Friday, and may go slowly down, from this moment on.
Before I finish this, it should also be noted that Bill Gates didn't specifically held a speech on this matter, it was simply a response to a question asked during a phone interview about a completely different topic...
Finally, Mr. Gates has something to say about the entire deal, and the interesting part is that, according to him, Microsoft won't raise the bid they made for Yahoo, so it seems they are simply moving away from the Internet search market... or not? Well, that's what remains to be seen!
"We sent them a letter and said we think that's a fair offer. There's nothing that's gone on other than us stating that we think it's a fair offer. They should take a hard look at it.", said Bill Gates about the offer made to Yahoo.
It's interesting to note that most analysts thing Microsoft will do whatever it takes to get in control of Yahoo, and I must admit I thought the same, so far. Now, considering what Bill Gates has to say about it, I think they won't bid again, with a higher value, but there are still things to try, such as a hostile takeover of Yahoo's board, or an offer directly to their shareholders, especially since their shares closed at $29.66 on Friday, and may go slowly down, from this moment on.
Before I finish this, it should also be noted that Bill Gates didn't specifically held a speech on this matter, it was simply a response to a question asked during a phone interview about a completely different topic...
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