I jumped on to the web today to find out the most recent verdict on the Microhoo! investment. Yahoo has received a lot of pressure from stockholders and consumers who have complained that Yahoo would be a sell out if it sells to Microsoft.
I mentioned previously that Yahoo! and Microsoft would have had trouble merging, even though Microsoft has been adamant that a Yahoo! acquisition would strengthen their presence on the web. And of course, many questions arise about what happens with Yahoo mail and Hotmail if they were combined.
In any case, Yahoo finally concluded to Microsoft that they would have to step out of the offer because Microsoft had largely undervalued the company with its February 1st bid of $44.6 billion.
More on this in Infoworld's article, "Cheapskate."
Thursday, March 20, 2008
Yahoo Decides to Regroup
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