Microsoft is not Raising their Bid for Yahoo!
Thursday, 24 April 2008
Steve Ballmer, Microsoft’s CEO said Wednesday that his company’s $44 billion offer for Yahoo reflects Yahoo’s worth and that Microsoft has no plans to raise it.
“We know what Yahoo’s worth. $44 billion is a lot of money,” Ballmer said at a conference in Milan. Ballmer said Microsoft is “prepared to move forward alone without Yahoo” if the bid doesn’t succeed. The cash and stock bid, valued at $44.6 billion, or $31 per share, when it was first made, is now worth about $43 billion, or $29.88 per share.
Posted by Chief Editor
