Media reports suggest Yahoo's board will reject Microsoft's USD 44.6 billion takeover bid because the offer undervalues Yahoo!
So if the world's largest software maker wants Yahoo! badly enough, Microsoft could try to take its offer directly to the shareholders. Pursuing that risky route probably will require Microsoft to attempt to oust Yahoo's current 10-member board.
Alternatively, Microsoft could sweeten its bid. Many analysts believe Microsoft is prepared to offer as much as USD 35 per share for Yahoo! from the current USD 31 as share.
Unshaken by a two-year losing streak, Yahoo! is poised to take its biggest gamble yet by rejecting Microsoft's unsolicited bid to buy Yahoo! for USD 44.6 billion.
The Board decided to spurn the takeover bid, originally valued at USD 31 per share, after concluding Yahoo! is worth substantially more. Yahoo! which has been struggling, is betting that it can extract a higher bid from Microsoft or finally give its exasperated shareholders a turnaround that will boost its market value beyond USD 45 billion. Whatever happens its likely going to be a slash of the Internet titans.
Source: Moneycontrol.com
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