Yahoo not opposing Microsoft’s offer, but $31 a share is unacceptable

Posted April 7, 2008 at 09:12 PM by Arnold Zafra

Section: News, Web, Websites

If you think that the Microsoft-Yahoo merger issue is already dead, think again as here comes Yahoo issuing yet again another statement saying that they are not opposed to Microsoft’s buyout offer. But they will definitely not accept Microsoft’s proposed $31 per-share offer.

Yahoo issued the statement as a reaction to the recently published letter from Microsoft which gave Yahoo an April 26 deadline to accept their final offer. In the said letter, Microsoft threatened to resort to hostile takeover should Yahoo continue to refuse the $31 per-share price.

And while this seems to be a back-and-forth game that is being played, Yahoo is expected to send a return letter that denies Microsoft’s claims that Yahoo’s business is falling apart.

Read [Reuters]