Microsoft bids to buy the stock
of Yahoo due to the overpowering search engine, Google. Microsoft bid for
originally $44.6 billion or $31 per share then drop to $40 billion or $28.91
per share due the drop in Microsoft's market value. Just a week after the bid
Yahoo's board of directors venerable rejected it.
Stock market gives Yahoo the
advantage these past days, it increase its share as high as $29 per share. So,
all of a sudden Microsoft's bid does not look so interesting at all. Yahoo thinks that the price is too low to
compensate Yahoo's wide audience and all its investments.
The Board of Yahoo then carefully
evaluated the said bid. They were thinking that Microsoft underestimates Yahoo as a
whole. But Microsoft's advisers are still working the bid out and carefully
studying how much more the bid needs to increase for the negotiation with Yahoo's
Board.
As this bid goes farther, matters
have been complicated because of both parties' decisions.
Analysts wondered if both parties are aware that their merging is no logic at all because Yahoo and Microsoft are having totally different image. should they both decided to fuse, it will take a long time for them to beat Google's overpowering search engine. So, why go this far?
