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Yahoo! Responds to Microsoft’s Takeover Bid

February 1, 2008

tags: Media, Microsoft, Resources, Tech

by A Prime Number

Microsoft to Buy Yahoo!

Yahoo! has responded to Microsoft’s takeover bid.

Yahoo! Board of Directors to Evaluate Unsolicited Proposal From Microsoft

SUNNYVALE, Calif., Feb 01, 2008 (BUSINESS WIRE) — Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said that it has received an unsolicited proposal from Microsoft to acquire the Company. The Company said that its Board of Directors will evaluate this proposal carefully and promptly in the context of Yahoo!’s strategic plans and pursue the best course of action to maximize long-term value for shareholders.

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In related news, Terry Semel announces his departure from Yahoo! Board of Directors.

Yahoo! stock gains $9.20 as the market closes today (Friday, February 1st, 2008).

One Comment leave one →

Bluebeetle(one) permalink

February 2, 2008 7:03 pm

If only Yahoo! could reject such an offer…

I’m convinced no one but shareholders have something to win from Micro$soft-Yahoo! merge.

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