Mental Ward

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Microsoft Won't Be Denied

Wow. Microsoft won't let Yahoo go without a fight. Gotta say, I'm not a big fan of hostile takeovers. If Yahoo wants to continue to underperform, lay people off, and generally stumble around the Internet yard like it's wearing a blindfold, Microsoft should let 'em.

Another question: I'm not very sophisticated about high-falutin' financial stuff, but I was a little surprised to hear that Yahoo thinks Microsoft's $44 billion offer "undervalued" the company. How is it undervaluing a company when you offer to buy it for about 62 percent more than its market value? And I'm not even asking that sarcastically (for a change). I guess I just don't understand. If you have some insight that I don't (which shouldn't be too hard), feel free to share.

Posted by Keith Ward on 02/12/2008 at 12:48 PM


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