Microsoft Getting Yahoo Cold Feet?
I have written many
newsletter
items and even a
full-fledged
editorial arguing that Yahoo isn't worth nearly $44 billion, and buying
it is a backward move for Microsoft.
Maybe Microsoft read some of this stuff or is just getting cold feet. At the
very least, Microsoft is reportedly
wondering if Yahoo is worth the original bid or if the bean counters from
Redmond should knock it down a few bills.
Late last week and over the weekend, Microsoft pressed
Yahoo to accept its offer or else suffer through a proxy fight, hinting
that the final price might be lower. So what does a slumping Yahoo do? It argues
that it's worth more than
Microsoft's offer!
If I were Microsoft, I'd forget the whole thing and spend all that dough on
inventing new technologies.
Posted by Doug Barney on April 07, 2008