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Legal Research

: Lex Scripta

Yahoo! spurns Microsoft offer

By Jennifer Stephens

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Will they or won't they?

Yahoo Board to Spurn $44B Microsoft Bid
By MICHAEL LIEDTKE
AP Business Writer

SAN FRANCISCO (AP) - Yahoo Inc.'s board will reject Microsoft Corp.'s $44.6 billion takeover bid after concluding the unsolicited offer undervalues the slumping Internet pioneer, a person familiar with the situation said Saturday.

The decision could provoke a showdown between two of the world's most prominent technology companies with Internet search leader Google Inc. looming in the background. Leery of icrosoft expanding its turf on the Internet, Google already has offered to help Yahoo avert a takeover and urged antitrust regulators to take a hard look at the proposed deal. (cont.)

Full post as published by Lex Scripta on February 11, 2008 (boomark / email).

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