Yahoo is going to refuse the offer on purchase from Microsoft
Under an available information, today on February 11th the company Yahoo plans to reject officially the offer on the purchase acted about ten days ago from corporation Microsoft.
Microsoft we shall remind has offered for each stock of Yahoo 31 dollar. Thus total cost of the transaction can make almost 45 billion dollars that approximately on 60 % above a total cost of stocks Yahoo. Against the potential transaction many experts and the companies act. In Google in particular believe that merge of two giants will worsen a situation with a competition in the Network and will damage to basic principles of the Internet - opennesses and to innovations.
As now informs Wall Street Journal referring to the sources close to Yahoo the board of directors of this company has made a decision to refuse merge with Microsoft. In Yahoo consider that the sum of 44,6 billion dollars is insufficient, and the company is not measured to consider any other offers on purchase below 40 dollars for the stock. Differently in Yahoo believe that sale of the company will be possible only provided that for it the sum of the order of 57-60 billion dollars will be offered.
Meanwhile some analysts believe that Microsoft can raise the sum of the potential transaction. And shareholders Yahoo can try to achieve merge with Microsoft. The matter is that business at Yahoo recently go not too well and the quarter profit of the company for a year was reduced practically to a quarter. With the purpose of improvement of financial position Yahoo plans to reduce about 1000 employees that makes approximately 7 % from an aggregate number of staff of the company.
Posted in Yahoo
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