Yahoo: Microsoft is not giving up
Microsoft has not abandoned its takeover plans, even though Yahoo has rejected the billion-dollar offer. The software giant finds Yahoo's rejection «regrettable.» Microsoft has not ruled out a hostile takeover battle.
Microsoft has not buried its takeover plans, although Yahoo has rejected the billion-euro offer. The software giant finds Yahoo's rejection "regrettable". Microsoft has not ruled out a hostile takeover battle against the leadership of the search engine company. However, the company did not comment on a possible increase in the offer, which Yahoo criticized as "too low". Analysts had previously suspected that Yahoo wanted to drive up the price by rejecting the offer.
Following talks with shareholders of both companies, Microsoft expressed confidence that a takeover was "in the best interests of all parties", as stated in a press release after the close of trading. The response from Yahoo does not change the fact that Microsoft is convinced of the strategic and financial merits of the offer. The company reserves the right to take all steps necessary to implement its proposal.
Following talks with shareholders of both companies, Microsoft expressed confidence that a takeover was "in the best interests of all parties", as stated in a press release after the close of trading. The response from Yahoo does not change the fact that Microsoft is convinced of the strategic and financial merits of the offer. The company reserves the right to take all steps necessary to implement its proposal.
