Yahoo has rejected
Microsoft's takeover bid, which valued
the company at $44.6bn (£22.9bn).
The search provider said the offer is too low and is not in the best
interests of Yahoo's stockholders.
But today's statement from the company does not rule out accepting future
bids.
"The board of directors is continually evaluating all of its strategic
options in the context of the rapidly evolving industry environment and we
remain committed to pursuing initiatives that maximise value for all
stockholders," it said.
Yahoo shares rose 2.1 per cent to $29.81 (£15.31) on the
Nasdaq stock exchange in response to the
news.
Microsoft has made no statement about whether it will improve its offer, go
hostile or withdraw.
EXCEPTIONAL .NET (ASP / VB / C#) DEVELOPER – SURREY HEDGE FUND My client is a CASH RICH leading Microsoft Technology focused Hedge Fund currently experiencing unrivalled success – they need to bring on fresh ... more >
Position: Software Developer – Modelling / Simulations Salary: £27-37,000 Location: Luton, Bedford, Milton Keynes Apply to: a.ross@jamrecruitment.co.uk This is an excellent chance to join one of the UK’s leading Defence businesses operating at the forefront ... more >
Position: Software Engineer – C/C++/GUI/UML Salary: £30-40,000 Location: Leicester Apply to: a.ross@jamjobs.co.uk This is a fabulous opportunity to join a globally recognised organisation working as part of a team taking innovative and cutting edge solutions ... more >
Position: Embedded Software / Systems Engineer Salary: £25-40,000 Location: Barrow, Cumbria, Carlisle, Lake District Apply to: a.ross@jamrecruitment.co.uk (inc salary expectations, availability and notice period) This is an exciting opportunity to join one of the UKs ... more >More job opportunities
Print
Discuss
Send to friend
RSS feeds
Reports are circulating of a Yahoo/Google alliance to stave off the Redmond proposal 04 Feb 2008
The world's biggest software company is offering £22.4bn in shares or cash 01 Feb 2008
del.icio.us
Digg this
reddit!
