Microsoft won’t raise bid for Yahoo
As a hope to topple Google Inc., Microsoft has been made $44.6B Bid for Yahoo. But Yahoo has decided to reject Microsoft’s takeover bid. The official announcement from Yahoo was;
proposal is not in the best interests of Yahoo! and our stockholders.
Many analysts expected a higher offer from Microsoft that would eventually lead to an agreement. But Microsoft intends to take its bid directly to Yahoo’s shareholders by authorizing a proxy campaign, instead of raising its bid.
Category: Internet