Microsoft Isn't Raising Yahoo Bid

[HardOCP News]

Bill Gates says that there is no "behind the scenes" haggling with Yahoo for a better offer than the one it already made. Apparently Microsoft thinks that its initial offer is more than generous and that Yahoo should “take a hard look at it.”

"We sent them a letter and said we think that's a fair offer. There's nothing that's gone on other than us stating that we think it's a fair offer," the Microsoft chairman said Monday. "They should take a hard look at it."

 

[Exavior]

Good. There is no reason for them to pour out too much money to try to buy them.

 

[ir0nw0lf]

Didn't Microsoft offer Yahoo $40/share last year? If so, that's probably why Yahoo is wanting at least that. Given the current value, I seriously doubt they will see that.

 

[Ockie]

Haha, I knew this would happen. Good move Microsoft.

*check*

 

[Cinge]

I still say they should just withdraw, watch Yahoo shares go down and the business continue to get worst and then wait for them to come crawling.

 

[JDAdams]

Yahoo =/= Google, meaning that Yahoo should take what they can get and MS shouldn't pay beans for them.

 

[jstnomega]

Next move, a hostile takeover bid. Expect that sooner than later.