It seems that Yahoo is too rich for MSFTs blood and the Redmond seems to have walked away from the deal.
"We were negotiating a way to find common ground and then on Saturday they chose to walk away," said the 39-year-old co-founder of the pioneering Internet company. "They started it and they walked away."
The reason why they walked away Mr. Yang is that you valued the company at $37 a share while MSFT was willing to pay $33 and that was only after you yanked them around. The company hasn't been worth $37 a share since January of 2006 when the company was still growing at 34% year to year.
The company is barely growing its EPS from one quarter to the next and is locked in 2nd place behind a giant rival. If the two companies joined up they may have been able to challenge Google. I think MSFT might scoop up Yahoo for a song a few years down the line if Yahoo doesn't do something drastic. It sure would suck if MSFT comes up with a $15 a share bid or something when the stock is in the high teens. Good thing I opted out of this entire mess.
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