Skip Links

Gates says: Not raising offer for Yahoo

By Microsoft Subnet on Tue, 02/19/08 - 10:43am.

Microsoft does not plan to increase its offer for Yahoo, according to Bill Gates, the AP reports. There are no private, behind-closed doors negotiations going on -- at least between Yahoo and Microsoft, he said. The AP story reports:

"We sent them a letter and said we think that's a fair offer. There's nothing that's gone on other than us stating that we think it's a fair offer," the Microsoft chairman said Monday. "They should take a hard look at it."

Microsoft Corp. made an unsolicited offer to buy Yahoo Inc. just over two weeks ago. At the time, the deal was valued at $44.6 billion, but since then, Microsoft's share price has tumbled 12.8 percent, pushing the value of the cash-and-stock offer closer to $41 billion.

Most of Yahoo's largest institutional investors also have holdings in Microsoft - bigger holdings, researchers say. So the pressure is on Microsoft to not overpay for Yahoo, even by Yahoo's major shareholders.

Go to Microsoft Subnet for more news, blogs, opinion.
'Vista capable' defense hurt by Microsoft e-mails
Microsoft, Philips retest 'white spaces' device
Enterprise deployment guides for Vista SP1
Life at Microsoft ... funniest video!
A step by step on how to add a role to Server Core
Windows Server 2008 Management and Maintenance tips
Fabulous giveaways from Microsoft Subnet and Cisco Subnet All Micronet blog posts

Sign up for the bi-weekly Microsoft newsletter. (Click on News/Microsoft News Alert.)

Blog Roll
Microsoft Subnet Home Page
All Microsoft Subnet bloggers
Blake Handler The Road to Know Where
Dmitry's PowerBlog
Doug Brown,DABCC
Ed Bott's Windows Expertise
Joseph Tartakoff Microsoft Blog
Long Zheng istartedsomething
Paul Thurrott's Supersite for Windows
Robert McLaws WindowsNow
Todd Bishop's Microsoft Blog