Tag: Steve Ballmer

Yahoo Board to Reject Microsoft Bid: Wants More or Help from Google

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The Wall Street Journal (subscription required) just broke the story that Yahoo’s board plans to reject Microsoft $44.6 billion offer, citing our favorite source: “a person familiar with the situation.” Apparently, $31 per share “massively undervalues” Yahoo, according to the same source. The logic is that the offer doesn’t take into account risks Yahoo would

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Tag: Steve Ballmer

Breaking: Microsoft Offers $44.6 Billion for Yahoo

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The rumors of this kind of deal have been around for a while but never seemed to materialize. Microsoft will hold a conference call to discuss the details of the proposal, though CEO Steve Ballmer has already laid it out pretty clearly in his public letter to Yahoo (see below for full text). One aspect

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