Linked by Thom Holwerda on Sat 9th Feb 2008 19:10 UTC
Yahoo Inc's board believes Microsoft Corp's unsolicited bid of USD 44.6 billion to acquire Yahoo 'massively undervalues' the company and directors are set to reject the offer, the Wall Street Journal reported on Saturday, citing an unnamed source. Microsoft's USD 31 per share offer fails to take account of the risks that a merger between the world's largest software maker and Yahoo would be rejected by regulators, the paper reported, citing 'a person familiar with the situation'. A spokeswoman for Yahoo, a diversified Internet media company, declined to comment on the proceedings of the company's board of directors.
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RE[2]: Not be an ass but...
by NelsonN on Sat 9th Feb 2008 21:35
in reply to "RE: Not be an ass but..."
Member since:2005-12-20
The PE on most of these online companies are ridiculous. Always has been the case. Yahoo! should get off it's high horse because I remember history well.
Anyone remember AltaVista? I do.
Analysts (who I've never put that much credibility on) were saying it was worth billions, then after the .com bust and the rise of Google it wasn't worth so much.
RE[3]: Not be an ass but...
by Buck on Sat 9th Feb 2008 21:43
in reply to "RE[2]: Not be an ass but..."
Member since:2005-06-29
RE[3]: Not be an ass but...
by sbergman27 on Sat 9th Feb 2008 21:55
in reply to "RE[2]: Not be an ass but..."
Member since:2005-07-24
Funny. I hadn't thought about Altavista in years, and then happened to think about them yesterday, and went to the site just to see if it was still there.
They were king once upon a time. I remember it explaining in their FAQ why showing the context of the search words in the results was not feasible. Google does. Sometimes the best technology *does* win out.
RE[3]: Not be an ass but...
by islander on Sun 10th Feb 2008 02:21
in reply to "RE[2]: Not be an ass but..."
Member since:2007-04-11
Member since:
2005-11-15
Microsoft is paying a "fair" price based on historical PE of around 70. 70 itself is quite outrageous. Yahoo is demanding a minimum PE of 90 and that is way over the top.