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RSS feedsSearch engine Yahoo has turned down Microsoft’s offer of $44.6bn.
After a careful review process, the Yahoo Board of Directors has said the deal is not in Yahoo’s best interests.
“After careful evaluation, the Board believes that Microsoft’s proposal substantially undervalues Yahoo including our global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unsolicited investments,” said the firm.
Yahoo said its strength remains in its user base of 500 million and its
admired brand name. “We reach one out of every two internet users in the world,”
said the report.
Now there are reports of Yahoo not only outsourcing search ads to Google but
also the possibility of a pair up with AOL
See also:
As Microsoft bids to take over Yahoo, is the end in sight for Google’s market dominance? 11 Feb 2008
Predictions suggest that future web innovations are not so far from what we are used to today 04 Feb 2008
Redmond makes hostile multi-billion dollar offer for search giant 01 Feb 2008
Microsoft’s agreement to buy a business search specialist will lead to another stand-off 05 Feb 2008All IT Management
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