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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

February 9, 2008 at 10:25 AM

Yahoo opts to negotiate through press, asks for $40+

That’s how I’m reading the WSJ story today citing an anonymous person close to Yahoo, saying the board wants at least $40 per share.

The headline says it all — Yahoo is rejecting Microsoft’s bid. In other words, Yahoo didn’t reject the deal, it’s negotiating for more.

Using the same sort of negotiating tactics you’d use if you were selling a sofa at a garage sale, this anonymous negotiator says in the Journal that Microsoft’s getting a “steal” and the offer “massively undervalues” Yahoo.

From the story:

“The company is unlikely to consider any offer below $40 per share, the person said.”

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