WSJ: Yahoo To Reject Microsoft

Matthew Karnitschnig reporting for The Wall Street Journal:

Yahoo’s board believes that Microsoft’s is trying to take advantage of the recent weakness in the company’s share price to “steal” the company. The decision to reject the offer signals that Yahoo’s board is digging in its heels for what could be a long takeover battle. The company is unlikely to consider any offer below $40 per share, the person said.

Let’s hope Yahoo doesn’t get burned by a possible shareholder revolt. It’s a really interesting move for Yahoo and I’m anxious to see what happens.

[via DF]

Published by Reid Burke

Hi, I'm @reid. I work on developer tools at Yahoo. I serve at Awakening Church with a focus on technology. I also enjoy riding motorcycles.

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