Yahoo formally rejected Microsoft’s unsolicited $31-a-share takeover bid today, claiming the offer which values Yahoo at around $41bn (£21bn) was too low.
Following on from our news last week confirming the rumours of the bid and reporting Google’s views on the matter, we’re not apologising for keeping this story running – it’s fascinating – not just in our industry – but maybe in yours, if this takeover came off.
Google’s domination of search in the UK and worldwide sometimes gets taken for granted, but it’s balanced on a knife edge. This fascinating video report, for example, shows us how internet trends in China – and the massive growth rate – seem fairly immune to Google’s domination. Here’s the latest on the Yahoo! takeover bid anyway. In the mean time, if there’s any customers out there who think that $44.6bn is inadequate for their business, please get in touch.
Yahoo Formally Rebuffs Microsoft’s Takeover Bid Los Angeles Times
Video: Yahoo Formally Rejects Microsoft Offer AssociatedPress
Yahoo considers Microsoft offer VNUNet.com
Yahoo: Microsoft offer not good enough CRN Australia