Linked by Thom Holwerda on Sun 4th May 2008 07:19 UTC, submitted by sonic2000gr
Earlier this year, Microsoft offered to purchase search engine company Yahoo, however, the board of directors of Yahoo shot the offer down beause it 'massively' undervalued the company. This ignited an acquisition dance that took a few months, and rumours were abound as to what either of the two would do next.
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Member since:
2005-07-06
This is far from the end of it. All we have here is that Microsoft is publicly withdrawing their bid while they wait for Yahoo's stock to crash and burn come Monday and let it plummet for several weeks. When the stock is at what they consider an acceptable price they'll go back to a now humbled Yahoo with a much worse offer than what they're getting now.
This is nothing but a negotiation tactic. Ballmer wants Yahoo (Lord knows why?) and like it or not, Ballmer's gonna get Yahoo.
Edited 2008-05-04 08:57 UTC