Nov 13 2008
A Lucky Escape for Microsoft
I was aware last February that Microsoft had made an offer for Yahoo, and that this offer was subsequently rejected because Yahoo felt it was too low.
I was not aware of the specifics of the offer, and I certainly was not aware of how it compares to the current market value of Yahoo. Then I came across the figures this afternoon…
Microsoft offered Yahoo approximately $31 per share, and this was rejected. Fast-forward to today, and Yahoo shares are trading at approximately $11 per share!
I am guessing that Microsoft must be feeling that it was very lucky, but I wonder if Yahoo is lamenting its decision!
November 13th, 2008 at 20:25
Amen