How Low Can It Go?
Is Microsoft really done with Yahoo?
Microsoft Corp. is no longer interested in buying all of Yahoo Inc., CEO Steve Ballmer said Wednesday, though he told shareholders that the company would still be “very open” to a collaboration on Internet search. His comments sent Yahoo shares diving by 14 percent.
“Let me be clear,” Ballmer said at Microsoft’s annual shareholder meeting. “We are done with all acquisition discussions with Yahoo.”
Maybe it’s just a ploy to get the price even lower so they can come in and gobble them up.
When Microsoft made their original offer, they were willing to pay $33 per share for the company. Now, it’s not even worth $10. Yahoo shareholders would have received a better deal if they had checked out term life insurance rates and bought some. Great move on their part rejecting all rumors that they may still be interested. They might be able to get it for $7. What do you think?
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