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Microsoft: Yahoo Refusal 'Unfortunate'

Fox Business writes:

"REDMOND, Wash. -- Microsoft Corp. called Yahoo Inc.'s rejection of its unsolicited $44.6 billion bid to buy the struggling search engine operator "unfortunate" late Monday but signaled it won't give up its efforts to acquire the company.

"It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies," Microsoft said in a statement.

The world's largest software maker also said that based on talks with shareholders from both Microsoft and Yahoo, it is "confident that moving forward promptly to consummate a transaction is in the best interests of all parties."

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Mr_Kuwabara3262d ago

"Never going to give you up, never going to let you down, never gana run around and desert you"

nix3262d ago

...and hurt you". LOL! q:

beoulve3262d ago

maybe google is going to buy them instead?

Mr_Kuwabara3262d ago

They were reports stating that Yahoo! were actually trying to tease Microsoft for them to upper there bid.

Who knows..

Primetimebt3262d ago

I doubt google will buy them.. If they do they may having mircosoft screaming "Anti trust, monopoly over the search engine market."

Brian52473262d ago

Cant buy everything you bastards.

BLaZiN PRopHeT3262d ago

like i said the board of directors for yahoo will be replaced with people who are pro buy out. this is what the share holders want and thats money.

wageslave3262d ago

MS offered them a better than fair price.

I agree. It is unfortunate, It looks to me that YHOO is banking on them making a better offer.

I hope they simply bury them instead of buying them. $44B is a lot of opportunity.

whengeeksgobad3262d ago

if you were on the board and stood to walk a few 100 mill, wouldn't you?

ScentlessApprentice73262d ago (Edited 3262d ago )

The only way that would happen is if Microsoft purchased and acquired a significant portion of Yahoo's common stock from the current shareholders and then decided to use all of their voting rights against those of the other shareholders to discharge the current directors on the board and then elect new directors that would approve of the buy out.

Yahoo must have already forseen this possibility and they must have probably already purchased back most of their outstanding shares so that Microsoft can not obtain a truly significant amount of ownership to make that much of an impact.

IntelligentAj3262d ago

You know damn well MS is not going to let this go. They'll keep trying to complete that deal. I don't think they'll raise the offer but some time might make the board reconsider.

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