Nov 13 2008

A Lucky Escape for Microsoft

Category: BusinessTeknovis @ 8:02 pm

I was aware last February that Microsoft had made an offer for Yahoo, and that this offer was subsequently rejected because Yahoo felt it was too low.

I was not aware of the specifics of the offer, and I certainly was not aware of how it compares to the current market value of Yahoo. Then I came across the figures this afternoon…

Microsoft offered Yahoo approximately $31 per share, and this was rejected. Fast-forward to today, and Yahoo shares are trading at approximately $11 per share!

I am guessing that Microsoft must be feeling that it was very lucky, but I wonder if Yahoo is lamenting its decision!

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One Response to “A Lucky Escape for Microsoft”

  1. Anonymous says:

    Amen