The Microsoft/Yahoo deal has been in the news for a long time. Microsoft initially offered around $33 a share, but Yahoo thought they were worth closer to $40 a share and wouldn't agree to a sale. Investors and other big name corporate raiders believed Yahoo should sell, but they stood their ground.
Then Microsoft, apparently not into the drama, backed out of the deal.
Now Yahoo shares are selling for $12 and the owner is much more willing to look at selling the company, I don't know at what price. Microsoft, on the other hand, is not interested in the whole company, but seems interested in the search division. Is Yahoo still a viable company for Microsoft to own?
It seems that Microsoft could just go in and start purchasing shares for 1/3 the price they were willing to pay and take Yahoo over in a more hostile manner. It seems Microsoft is taking the high road, wanting to be a corporation with integrity. Yahoo, on the other hand, missed the boat the first time and now seems to be panicking. Maybe when this drama is over, Microsoft will be able to pick up Yahoo shares for under $10.
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