Yahoo to Microsoft: Make a better offer

[megri]

NEW YORK (Fortune) -- Yahoo is sending an audacious message to Microsoft: Show me more money.
The Internet giant, looking to fend off a takeover bid by Microsoft, made public on Tuesday a three-year financial plan that, according to at least one observer, values the company at $40 a share, or 40 percent higher than Microsoft's offer.
Among the highlights of Yahoo's 35-page presentation to investors: The company said it is on target to meet its previous forecasts for the first quarter ending March 31 and the full year, and predicted sky-high growth in display advertising. The real headline grabber? Yahoo (YHOO (http://money.cnn.com/quote/quote.html?symb=YHOO&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2007/snapshots/1591.html?source=story_f500_link)) estimated that adjusted cash flow will surge 47% a year for the next two years.
All very compelling, of course - and as you would expect from a company looking to maybe shine up its appearances in a buyer's market. Looking to elicit a higher takeover offer, Yahoo has reportedly held deal talks with AOL, a Time Warner (TWX (http://money.cnn.com/quote/quote.html?symb=TWX&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2007/snapshots/1619.html?source=story_f500_link)) unit and Fortune affiliate, News Corp's (NWS (http://money.cnn.com/quote/quote.html?symb=NWS&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2007/snapshots/1381.html?source=story_f500_link)) digital media venture that includes MySpace, and even archrival Google (GOOG (http://money.cnn.com/quote/quote.html?symb=GOOG&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2007/snapshots/3967.html?source=story_f500_link)). Tuesday's filing is the first signal from Yahoo that its strategy has shifted from fighting Microsoft to trying to broker a better deal.




http://money.cnn.com/2008/03/18/technology/moritz_yahoo.fortune/?postversion=2008031813

[marshtric]

May be it is a good offer but still the yahoo will not head down
in the present condition

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[emily12]

Hello
Yahoo has officially responded to Microsoft’s weekend letter to its board, giving the company a three-week deadline to either agree to Microsoft’s $31 per share offer to take over the company, or face a hostile takeover at a lower price. In a formal response to Microsoft, Yahoo says it isn’t opposed to a deal with Microsoft, but Microsoft needs to offer more money…although Yahoo doesn’t say how much.
Thanks