February 19, 2008
5:39 pm
Microsoft is not privately haggling with Yahoo over the software maker’s rejected $31-per-share buyout offer for the slumping Internet pioneer, Bill Gates said in an interview.
“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.
Microsoft, Bill Gates, Yahoo!, Bid
TrackBack URI Leave a comment »