Earlier this year around February 1st we heard that Microsoft had made an official proposal to acquire Yahoo, now this was big news and the $31 per share worked out at a total deal worth $44.6 billion and meant shareholders would get a 62 percent premium. Microsoft’s Yahoo Takeover took a turn for the worse when it was not accepted and Microsoft said they would “pursue all necessary steps to ensure that Yahoo’s shareholders are provided with the opportunity to realize the value inherent in our proposal.”
So where does this put us today a few months on, well not very far as Mashable say the deadline set by Microsoft has expired and currently there is no news or reaction from either party. Many predictions have been made and some people in the business world feel that Microsoft may even lower their $31 per share bid as Yahoo’s quarterly financial results are relatively poor.
Microsoft have options and they can easily raise the bid, but might go hostile as Yahoo is something they want and in their own words “pursue all necessary steps”. For now we will have to wait, but I am sure the waiting will not be long and whatever happens it could well be today, although the story will carry on for sometime yet.
What’s your view of Microsoft taking over Yahoo?
