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Mediiazone Forums → MZ @ 2013 :: A Owa Endz → News & Topical Issues → YAHOO has formally rejected Microsoft's £22.4billion bid
 

Topic: YAHOO has formally rejected Microsoft's £22.4billion bid

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littlemisslinkz
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YAHOO has formally rejected Microsoft's £22.4billion bid
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YAHOO has formally rejected Microsoft's £22.4billion takeover bid as inadequate.

The response had been expected after Yahoo's intentions were leaked over the weekend.


Yahoo's knock-back raises the stakes in a battle involving two of the world's most prominent technology companies.


Microsoft's first offer, which was made public on February 1, was originally valued at £16 per share. Microsoft also could take its bid directly to Yahoo shareholders.


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