Info

You are currently browsing the QBS PC Help Blog weblog archives for the day 11/02/2008.

Calendar
February 2008
M T W T F S S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
2526272829  
Categories

Archive for 11/02/2008

Yahoo rejects Microsoft’s bid

yahoo-logo.jpgYahoo on Monday rejected Microsoft Corp’s unsolicited takeover bid, currently valued at $42 billion (22 billion pounds), as too low, saying its board had unanimously concluded it was not in the best interests of shareholders.

In a statement, Yahoo said the offer “substantially undervalues” the company.

If completed, a merger of Microsoft and Yahoo would be the world’s largest of two computer technology companies and would create a formidable rival to Internet search and advertising leader Google.

Source: Yahoo News


AddThis Social Bookmark Button

Return to the main QBS site

|