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"Microsoft's Proposal Substantially Undervalues Yahoo!" Says Yahoo! Board

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"Microsoft's Proposal Substantially Undervalues Yahoo!" Says Yahoo! Board "Microsoft's Proposal Substantially Undervalues Yahoo!" Says Yahoo! Board

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Old 02-11-2008, 10:25 PM   #1 (permalink)
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"Microsoft's Proposal Substantially Undervalues Yahoo!" Says Yahoo! Board
'The Yahoo! Board of Directors has carefully reviewed Microsoft's unsolicited proposal with Yahoo!'s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and our stockholders.' With that unceremonious dismissal, Microsoft's $31 a share offer was turned down this morning.

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