Yahoo responds to Microsoft letter
Yahoo responds to Microsoft letter – check out to have detail look at the matter.
This is what i can summarize in few words – Yahoo board just said that give us good bucks and we would sell Yahoo! Yahoo listed out few points in support of the fact that value of shares was more (Microsoft offered $34/share) than currently offered. Microsoft can’t simply underestimate Yahoo! value. They are right. Why should anyone force anyone when he doesn’t want to be sold at price offered. He has all the right to ask for more, though i don’t mean here you ask sky rocketing prices. Yahoo! just unveiled few products and platforms and strategies that will put yahoo in profit
and considering that, yahoo asks Microsoft to bid more or else, GET LOST !