According to al-Reuters, "Yahoo faced growing pressure on Sunday to find an alternative strategy to a $47.5 billion takeover offer from Microsoft Corp after the software maker walked away over a major disagreement on price." "Yahoo shares could fall to the mid- to low-$20 range on Monday from their $28.67 close last week. That's still higher than Yahoo's close of $19.18 on January 31, the day before Microsoft announced its offer. Microsoft on Saturday sweetened its initial $31-per-share offer for Yahoo to $33, but then withdrew from the talks when Yang sought a price of $37."
Rico says that, no matter how this all shakes out, both companies will likely suffer. Since Rico doesn't particularly like either company, bummer...
04 May 2008
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